Sentences with phrase «freezing assets of»

There is a second obligation regarding PEPs that arises under Canada's Freezing Assets of Corrupt Foreign Officials Act (FACFOA).

The U.S. Securities and Exchange Commission said this week that it got a court order freezing the assets of an alleged initial coin offering scam by AriseBank.

In submissions in 2011 to the Minister of Justice, the Minister of Foreign Affairs, and the Standing Senate Committee on Foreign Affairs and International Trade, the Federation raised concerns that a broad disclosure obligation set out in the Freezing Assets of Corrupt Foreign Officials Act would oblige members of the legal profession to breach solicitor - client privilege.

Injunction freezing assets of corporate embezzler followed by collection of misappropriated funds.

In concluding, Lord Phillips referred to the recent decision in HM Treasury v A (reviewed here on the UKSC Blog) in which the UKSC held that the government's regime for freezing the assets of suspected terrorists (passed by resolution from the UN Security Council, but not by Parliament) was unlawful, since it breached the common law principle of legality.

During the course of litigation, Laiken obtained a very broadly worded ex parte Mareva order freezing the assets of Sabourin and other named defendants which included enjoining any others «with knowledge of this Order» to «prevent the sale, disposition, withdrawal, dissipation, sale, assignment, dealing with, transfer, conveyance, conversion, encumbrance or diminishment» of the assets, specifically including money held in «trust accounts».

Hot on the heels of Exxon Mobil's failure to hang on to the $ 12bn worldwide freezing injunction ordered by the English court against PDVSA, the Venezuelan national oil company, an attempt at freezing the assets of the Republic of Bolivia and its telecommunications company, Entel, has recently been thrown out by the English court.

In Al - Dulimi, the European Court of Human rights held a UN member state which is also a member to the ECHR and that had implemented a Security Council decision on targeted sanctions by freezing the assets of a blacklisted person, remains fully responsible for violation of Art. 6 ECHR (right of access to a Court).

Supreme court judges have unanimously prevented the Treasury from freezing the assets of five terror suspects.

His crusade to punish the people responsible led to Congress freezing the assets of dozens of powerful Russians.

And in late January, the SEC halted and froze the assets of AriseBank, which claimed to have raised $ 600 million in the largest initial coin offering to date.

Earlier this month, the SEC shut down one ICO and froze the assets of another, while warning investors about the lack of regulation and protection.

Based on its filing, the SEC obtained an emergency court order to freeze the assets of PlexCorps, Lacroix, and Paradis - Royer.

The government has frozen the assets of 19 people connected with the plot to blow up several passenger planes mid-air.

In February 2017, the Economic and Organised Crimes Office (EOCO) froze the assets of Dr Opuni as part of investigations into his tenure as CEO of COCOBOD.

A federal court froze the assets of California - based Cleverlink Trading and Real World Media which control more than 180 websites including wiveswhocheat69.biz and hookuptomorrow.com.

As a result, by mid-2016 Chinese banks started to apply stricter rules on international money transfers and one Chinese bank want as far as obtaining a B.C. court order to freeze the assets of a businessman that they accused of «fleeing China and buying «luxury» Lower Mainland homes [using] a defaulted $ 10 million loan.»

ii) Which caused the Hong Kong Securities and Futures Commission to go to court to freeze the assets of Hontex.

The Proceeds of Crime Act 2002 enables agencies, whether the police, HM Revenue & Customs, the Serious Fraud Office, or Trading Standards to restrain, or freeze the assets of persons under criminal investigation pending the outcome of a trial.

It was granted by Judge Waksman QC at the Commercial Court, and compels banks to freeze the assets of suspected fraudsters and reveal their identity so that stolen funds can be traced.

We advise on investigations and disciplinary proceedings as well as obtaining court orders to freeze the assets of the suspected fraudsters.

In SFC Litigation Trust v. Chan, 2017 ONSC 1815, the Divisional Court recently confirmed that worldwide Mareva injunctions may be used to freeze the assets of defendants present in Ontario even when they otherwise have no assets in the province.

The Terrorist Asset - Freezing Act 2010 gives the Treasury power to freeze the assets of individuals and groups thought to be involved in terrorism, whether in the UK or abroad, and to deprive them of access to financial resources.

The decision seems to have come after a move by the Chinese government to freeze the assets of Faraday's main — some say sole — investor.

But financial problems have plagued Faraday throughout this year, including a court decision that froze the assets of its main financier, billionaire LeEco founder Jia Yueting.

The Securities and Exchange Commission today announced it has obtained an emergency court order to freeze the assets of a United Kingdom resident charged with intruding into the online brokerage accounts of U.S. investors to make unauthorized stock trades that allowed him to profit on trades in his own account.

The Federal Trade Commission (FTC) is seeking to permanently freeze the assets of four men accused of running cryptocurrency referral scams.

The SEC has now obtained an emergency court order in order to freeze the assets of both companies and that of the founder.

Nevertheless, many argue the company's decision to freeze the assets of its co-founder when he opted to leave the company makes it centralized.

Last month, the US froze the assets of AriseCoin, apparently because the ICO was believed to be fraudulent.

Not exact matches

Forced to evacuate 30,000 Chinese workers from Libya, they now find their oilfields there frozen as the new regime attempts to nationalize the assets of companies that co-operated with the deposed Ghadafi regime.

The clearest weapon at the disposal of the EU and U.S. appeared to be economic sanctions that would freeze Russian assets and scrap multi-billion dollar deals with Russia.

He also cited a single late payment in July as being one of the key causes of LeEco's cash - flow problems, saying it led to the freezing of his assets and prompted a slew of early loan recoveries.

Certain assets related to the company, its founder and top executive Ma Xiaohong, and some of her relatives and associates, have been frozen by Chinese authorities in recent weeks, according to government and corporate filings cited by the Journal.

A report of a Commodity Futures Trading Commission subpoena on major cryptocurrency exchange Bitfinex and an Securities and Exchange Commission emergency asset freeze on an initial coin offering added to negative sentiment that day.

In a widely circulated Medium post, Casey Rosengren details how one month after Hacker Paradise opened a PayPal account, the company froze all of its assets, totaling $ 30,000.

Diplomats have said the UN Security Council could now consider banning Pyongyang's textile exports and the North's national airline, stop supplies of oil to the government and military, prevent North Koreans from working abroad and add top officials to a blacklist to subject them to an asset freeze and travel ban.

The sanctioned entities now fall under the label of Specially Designated Nationals (SDN), which means their U.S. assets are frozen and U.S. entities are forbidden from doing business with them.

We're talking about Cowtown's other notable Brian Hunter, the oil industry engineer who forced Bay Street to stop ignoring the average folks who collectively and unwittingly dumped hundreds of millions of dollars into the now frozen market for asset - backed commercial paper (ABCP).

The designation also freezes any US assets of the listed entity.

Although there were a range of hit properties, including the movie Frozen, much of the earnings increase came from assets related to Marvel, whether it was movies like Guardians of The Galaxy or merchandise sales involving characters from the Avengers» franchise.

Imagine you had no legacy customers to satisfy, no assets to maintain, no dividend to pay — nothing to stop you from creating the perfect postmodern organization.What would you do?If you're a seasoned and successful chief executive like Christine Day, you just might join something that looks a little like Luvo Inc., an ambitious young company that makes, of all things, healthy frozen dinners.

For that, Lacroix earned a contempt of court charge in Quebec and had his assets frozen in the province.

This component includes transfer payments, excluding the major transfers to persons and other levels of government, the amortization of capital assets, expenses subject to freeze, as set out in the March 2010 Budget, and other expenses.

Federal authorities will have to ask a judge to impose an asset freeze if they want to guarantee Shkreli doesn't dispose of ill - gotten gains.

As the accused allegedly acquired more than $ 5 million of the $ 6 million under scrutiny from within the state of Massachusetts, it was Judge Rya Zobel of the District Court of Massachusetts who issued a freeze of their assets on January 16, 2018.

U.S. District Judge Denise Cote in Manhattan granted a preliminary injunction and maintained a freeze on $ 27 million of assets of Andy Altahawi, Suresh Tammineedi and Dorababu Penumarthi, who are associated with New York - based Longfin Corp..

Moreover, the same order from Judge Zobel also froze assets related to three relief defendants: Kimberly Renee Benge, Barbara Crater Meeks, and Erica Crater, all of whom have been linked to the company and whom allegedly received customer funds «without providing any legitimate services to clients and without any interest or entitlement to such customer funds.»

A federal judge in New York ruled in favor of the Securities and Exchange Commission's freeze on $ 27 million in assets held by three...

Meanwhile, Judge Cote partially lifted the freeze with respect to the assets of Longfin and its CEO Venkata Meenavalli on April 23.