The Ontario Securities Commission (OSC) has forced a Hamilton developer’s employee to resign after misleading investors who gave the developer $19 million for the Buffalo Grand Hotel in New York — but documents from the proceedings state the employee didn’t know he broke the rules and was relying on the developer, Harry Stinson. Stinson, who moved to Hamilton in 2008 and is behind numerous local projects and developments, is still waiting to hear his fate. He said he disagreed with the allegations before the tribunal and continued to work on a settlement with OSC. “There is indeed a more fulsome story to be recounted, but it is best done once we’ve completed the project and proves the point this was a valid project, a valid investment,” he told CBC Hamilton, adding he couldn’t say much more about the case.…
Tag: criminal law news
Going to court without a lawyer? DIY law is on the rise
When Farrah Jinha’s 15-year marriage failed, she never imagined it would result in an eight-year legal battle, culminating in 2021 with an 18-day trial pitting her — alone — against her ex-husband’s professional legal team. But faced with a $200,000 retainer fee that needed to be paid to keep her lawyer, Jinha says she was forced to take over her divorce proceedings in the BC Supreme Court. “I was scared, for sure, but I was also very determined to get this done, because the sense of injustice was just too big,” said the 53-year-old, who now lives in Toronto. “I gave up my career.…
Aluminum Is Now A Hot Topic In Supply Chain And Trade
Last Friday, February 24, 2023, the Biden Administration issued a Proclamation on Adjusting Imports of Aluminum into the United States. You can read the full proclamation here.The Proclamation states that, beginning on March 10, 2023, a 200% ad valorem tariff will be imposed on all aluminum articles and derivative aluminum articles produced in Russia. Additionally, on April 10, 2023, a 200% ad valorem tariff will be imposed on aluminum articles where any amount of primary aluminum or derivative aluminum articles used in the manufacture of the articles was smelted or cast in Russia. The purpose of the Biden Administration’s Russian aluminum tariff is, according to the President, to respond punitively to Russia’s “unjustified, unprovoked, unyielding, and unconscionable war against Ukraine.”…
Center sets up committee to prepare draft digital competition law
The Center has ordered setting up a committee that will review whether existing antitrust laws in the country are equipped to deal with the challenges that have emerged from the digital economy, and submit to the government a draft Digital Competition Act within three months.The move comes amid increased regulatory antitrust-related scrutiny over big tech companies like Google, which last year was fined by the Competition Commission of India in two separate instances for allegedly abusing its market dominance in the Android mobile device ecosystem, and the app store market . Apart from that, a Parliamentary panel has, in a report released last year, also proposed to frame ‘ex-ante’ regulations to curb the market dominance of large tech companies.…
Activision fell on concern that the UK may oppose the Microsoft deal
Rich Polk/Getty Images EntertainmentUpdate 7:50pm: Updates shares, adds Microsoft comment to NYT on UK antitrust review. Activision (NASDAQ:ATVI) fell almost 5% on a report that Microsoft’s legal team (NASDAQ:MSFT) is said to expect that the UK’s antitrust authority may oppose its $69 billion videogame megadeal, according to a New York Times reports on Saturday, which cited four people familiar with the matter. The NYT updated its story later on Monday to include that Microsoft (MSFT) said it believes it has a strong case in the UK and it has not “predetermined,” nor been advised by its lawyers that the merger will be blocked.…
Man shot by Indianapolis police in grandmother’s driveway files legal demand
The city of Indianapolis and its police department have been sent a legal demand for financial compensation by a man who says officers shot him multiple times at the same time they were asking him to put his hands up. Anthony Maclin was hit three times by gunfire from Indianapolis Metropolitan Police Department officers while he was in a rental car outside his grandmother’s house early in the morning of Dec. 31. He had a gun on his lap, but his attorneys say body camera footage from the shooting never shows Maclin with the gun in his hand. more:Indy police shoot home owner’s grandson in parked car with gun next to him “The officers had no justification whatsoever to use deadly force on Anthony,” Maclin’s attorneys wrote in a tort claim sent to the city Monday.…
Law Society Introduces “Strategic Priorities”
The New Zealand Law Society has announced its moves to adapt to the rapidly changing legal marketplace by working on ‘strategic priorities’.A news release from the Society (published below) shows that the Society is developing a “fit-for-future” role as the profession’s regulator after a tumultuous time both within the profession and within the NZ Law Society itself, following the resignation of both the former recently appointed Chief Executive Joanna Simon and the resigning of the elected president Jacqui Lethbridge.Among the strategic changes being made by the Society include changes to the Conduct and Client Care Rules, which include mandatory reporting of bullying, harassment and discrimination.…
Bipartisan Bill Introduced by Senate relating to Uyghur Human Rights Policy Act of 2020
On August 2, 2022, Senators Bob Menendez (D-New Jersey) and Marco Rubio (R-Florida) introduced the Sanctioning Supporters of Slave Labor Act, legislation that would expand the categories of persons that could be sanctioned under the Uyghur Human Rights Policy Act of 2020 (UHRPA). Rep. Jim Banks (R-Indiana) filed a companion in the House of Representatives. Currently, UHRPA imposes sanctions on certain entities and individuals named by the President as allegedly having committed certain human rights violations in Xinjiang. The bill would expand the scope of this reporting requirement to include “every foreign person who knowingly provides significant goods, services, or technology to or for a person identified in such a report; and each foreign person that knowingly engages in a significant transaction relating to any of the acts described” in UHRPA.…