September 22, 2014
by Alison Sacriponte
A French appeals court ruled Monday that Swiss bank UBS must deposit a guarantee of 1.1 billion euro in an investigation of charges for aiding in tax evasion for wealthy French customers. In July UBS was put under formal investigation for allegations of laundering the proceeds of tax evasion. ...[read more]
August 16, 2014
by Kimberly Bennett
Holders of Argentina's euro-denominated bonds filed a notice of appeal Friday of a US District Court for the Southern District of New York's ruling barring the country from making interest payments on the notes until first paying $1.5 billion to a group of hedge funds. Also on Friday the court ...[read more]
July 30, 2014
by Ann Schober
Two major human rights advocacy groups on Tuesday voiced their opposition to the "unfair trial" that led to the conviction of 26 Algerian activists on charges of holding an "armed gathering" and violence against the police. Nine activists were sentenced to six months in prison. The remaining 17, ...[read more]
July 17, 2014
by Nicholas Tomsho
The European Parliament approved a resolution to allow Lithuania to adopt the euro as their official currency in a plenary session Wednesday. The resolution, which will make Lithuania the nineteenth nation to join the Eurozone on January 1, 2015, was passed by a vote of 545-116. "This is good news ...[read more]
March 19, 2014
by Theresa Donovan
The Federal Constitutional Court of Germany on Tuesday upheld the constitutionality of the European Stability Mechanism (ESM). This affirms the court's 2012 decision, which rejected a preliminary injunction to halt the implementation of the ESM and the fiscal compact, but which imposed a cap on ...[read more]
February 7, 2014
by Matthew Pomy
Germany's Constitutional Court on Friday referred the case against the European Central Bank's (ECB) bond-buying plan, called Outright Monetary Transactions (OMT), to the European Court of Justice (ECJ). The ruling means the German court will not cut the program, which could alarm investors that ...[read more]
December 4, 2013
by Sung Un Kim
The European Commission (EC) on Wednesday fined eight international financial institutions ?1.7 billion for having engaged in illegal cartels. They were all involved in cartels relating to interest rate derivatives. Some participated in a cartel that was denominated in euro currency while some... ...[read more]
November 23, 2013
by Julie Deisher
The International Tribunal for the Law of the Sea (ITLOS) on Friday ordered the release of the Greenpeace International ship Arctic Sunrise as well as the release of the 28 activists and two freelance journalists who were arrested on board the ship, upon payment of a ?3.6 million euro bond by... ...[read more]
February 8, 2013
by Arjun Mishra
On February 8, 2008, a French court sentenced Jean Marie Le Pen, the leader of France's right wing National Front party, to three months in jail for minimizing the Nazi occupation of France during World War II. The sentence included a 10,000 euro fine and was in response to Le Pen claiming that ...[read more]
January 26, 2013
by Arjun Mishra
On January 26, 2010, a French parliamentary commission recommended a partial ban on the wearing of burqas and other facial veils donned by Muslim women in public areas. The French Constitutional Court approved a bill banning facial veils in public in October 2010, finding the law and its 150 euro ...[read more]

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