MUMBAI: Crisis-hit National Spot Exchange (NSEL), which is being probed several agencies for Rs 5,600 corore alleged scam, today said vested interests are trying to scuttle its proposed settlement plan to resolve this issue. It also defended promoter FTIL's former chairman Jignesh Shah saying he was not involved in any matter related NSEL. "Jignesh Shah is not involved in any matter related to NSEL and all the recovery efforts of the exchange are managed by the revamped board of directors of the exchange.
[AP] - The European Central Bank's chief economist said a Greek debt restructuring would be a "recipe for catastrophe" as he blamed "vested interests" in Britain and the United States for fueling market pressure on the country.
Tomaso Duso, Klaus Gugler, Florian Szücs, 26 January 2014In 2004, European merger law was substantially revised, with the aim of achieving a ‘more economic approach’ to merger policy. This column discusses a recent empirical assessment of European merger cases before and after the reform. Post-reform, the outcomes of merger cases became more predictable, and the Commission prohibited fewer pro-competitive mergers.
As we noted earlier today, there was some confusion over the plight of the Greek reform proposal document, which initially was said to have been delayed until today, only for the Troika, pardon, Institutions, to flip around and say they had actually received it before midnight on Monday. How could the two be possible? Courtesy of Yannis Koutsomitis, who had the simple but brilliant idea of looking at the properties tab in the leaked Varoufakis draft of the agreed to proposals, we now know.
Managing significant changes to the U.S. patent system brought about by implementation of last year’s major patent reform law is not just a project that stays within our borders. Since many outside the U.S. seek a U.S. patent, other nations have a keen interest in understanding how the America Invents Act will work and may wish to file comments on the rules packages associated with implementing the biggest overhaul to U.S. patent law since the system was born over 200 years ago.Recognizing this interest, Under Secretary of Commerce for Intellectual Property and Director of the USPTO David Kappos undertook a European “road show” last week, visiting six cities in four days to conduct stakeholder outreach events and meet with the heads of offices from several European intellectual property offices. In conjunction with local chambers of commerce, Under Secretary Kappos covered three important topics during these stakeholder outreach events: an overview of the significant changes being made to the patent system by the America Invents Act and progress in its implementation; the need for further harmonization of the world’s patent laws; and the benefits of a work sharing mechanism known as the Patent Prosecution Highway, or PPH 2.0.