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Legal news from Tuesday, June 28, 2005 |
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BREAKING NEWS ~ Bush urges Iraqis to write "good constitution", meet deadlines
Holly Manges Jones on June 28, 2005 8:32 PM ET

[JURIST] In a primetime TV address to the nation from Fort Bragg, NC, marking the one-year anniversary of the return of local sovereignty to Iraqi hands [JURIST report] President Bush has focused primarily on security-related issues relating to the ongoing American military presence in the country, but also called on Iraqis to write a "good constitution" drawing together all groups in Iraqi society and urged them to meet the deadlines already established for the key stages in the constitional process: The challenge facing Iraqis today is to put [the] past behind them and come together to build a new Iraq that includes all its people. They are doing that by building the institutions of a free society, a society based on freedom of speech, freedom of assembly, freedom of religion and equal justice under law. The Iraqis have held free elections and established a transitional national assembly. The next step is to write a good constitution that enshrines these freedoms in permanent law. The assembly plans to expand its constitutional drafting committee to include more Sunni Arabs. Many Sunnis who opposed the January elections are now taking part in the democratic process, and that is essential to Iraq's future.
After a constitution is written, the Iraqi people will have a chance to vote on it. If approved, Iraqis will go to the polls again to elect a new government under their new, permanent constitution. By taking these critical steps and meeting their deadlines, Iraqis will bind their multiethnic society together in a democracy that respects the will of the majority and protects minority rights. The White House has posted the full text of President Bush's address.


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Belgian court finds Rwandan businessmen guilty of genocide crimes
Holly Manges Jones on June 28, 2005 7:45 PM ET

[JURIST] Two Rwandan businessmen were found guilty by a Brussels court Tuesday on 81 charges of murder and war crimes related to the country's 1994 genocide [BBC backgrounder] during which 800,000 people were killed. Half-brothers Samuel Ndashyikirwa and Etienne Nzabonimana, who have repeatedly denied any involvement in the genocide, were accused of giving weapons, vehicles and beer to the Hutu ethnic group [Wikipedia backgrounder], leading to the massacre of 50,000 people in the Kibungo region, mostly of the Tutsi minority group [Wikipedia backgrounder]. The genocide trial is the second in Belgium, allowable under its universal jurisdiction law [JURIST report], and commenced after a decade-long investigation by Belgian authorities. The first trial resulted in jail sentences for four Rwandans in June 2001. AFP has more.


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Corporations and securities brief ~ UK fines Citigroup for disruptive bond trading
James Murdock on June 28, 2005 7:10 PM ET

[JURIST] Leading Tuesday's corporations and securities law news,the UK's Financial Services Authority [official website] has fined Citigroup [corporate website] $25 million for flooding the market with bonds. Though the transaction was not illegal, it was against standard practice for European bond trading. In a press release, the FSA said that the transaction caused a sharp drop in bond prices. Reuters has more.
In other corporations and securities law news... - US prosecutors are seeking an 85-year jail term for former Worldcom [JURIST Hot Topic coverage] CEO Bernard Ebbers [Wikipedia profile]. In March, Ebbers was found guilty of corporate fraud [JURIST report]. MarketWatch has more.
- As reported earlier on JURIST's Paper Chase, former HealthSouth CEO Richard Scrushy [Wikipedia profile] was acquitted by a federal jury today following weeks of deliberations [JURIST archives]. Scrushy was originally charged with 85 counts of corporate fraud. He was ultimately tried on 36 charges and could have faced up to life in prison if found guilty of $2.7 billion in accounting fraud. Following his criminal acquittal, the AP is reporting that Scrushy now faces civil charges from the SEC. Reuters has more.
- Also as reported earlier on JURIST's Paper Chase, AMD [corporate website] has filed an antitrust complaint against Intel [corporate website]. In its suit, AMD claims that Intel bullied manufacturers into signing exclusive contracts. AMD is seeking billions of dollars in damages in its suit. In a press release, AMD said customers "pay the price in cash every day for Intel's monopoly abuses." AP has more.


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Australian anti-terror raids draw criticism
David Shucosky on June 28, 2005 11:27 AM ET

[JURIST] Australian officials Tuesday announced a new series of anti-terror raids in Sydney and Melbourne, re-igniting a debate over the country's tough anti-terrorism laws. No arrests were made or individuals detained as a result of the second sweep in a week by agents of the Australian Security Intelligence Organization [official website]. Attorney-General Philip Ruddock has denied claims that his office leaked details [Melbourne Age report] of the raids to the media. Brian Walters, president of Liberty Victoria [advocacy website], complained that the laws promote "demonizing people who cannot defend themselves" [World Today interview]. "The press have not surprisingly camped outside these people's homes wanting a response, but if, as the Government well knows, if these people are to give any response at all, they run a grave risk of being charged with a serious criminal offense," he said. Former Prime Minister Malcolm Fraser said the raids have created a "police state" [News.com.au report] atmosphere in the country. Ruddock and New South Wales Premier Bob Carr defended the raids [News.com.au report], saying they address matters of "utmost seriousness" [The Australian report]. Reuters has more.


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First sentences handed down in Parmalat trial
Krista-Ann Staley on June 28, 2005 9:19 AM ET

[JURIST] A Milan judge Tuesday sentenced 11 men to up to two and a half years in jail for their roles in one of Europe's biggest financial scandals, the 2003 collapse of Parmalat [official website in English; BBC Q&A]. Based upon a plea bargain, the convicted men, including founder Calisto Tanzi, former chief financial officers Alberto Ferraris and Luciano Del Soldato, former finance chief Fausto Tonna, internal auditors, and Tanzi's brother and son, will not have to stand criminal trial in Milan. They could, however, still be indicted in Parma for false book-keeping, which carries much steeper charges than the market-related crimes tried in Milan. Reuters has more.


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