(Contributors: Lunaskaya Advocates – Jakarta) Foreign Investment shall be any investing activity for running business within the territory of the Republic of Indonesia, made by any foreign investor using either foreign capital entirely or joint capital with domestic capital. IT ALIENS News & Letter by PaperStreet Web Design INDONESIA. FASANO avvocati, in cooperation with MSDA, launched a web site (in Italian) dedicated to such collective claims rising up: Read More The government has set up a 100-million-euro fund which savers’ groups say will not be enough. The four failed lenders’ 3.6-billion-euro government-decreed rescue in November, financed by healthy Italian banks, saved jobs and protected account holders, but shares and bonds in the banks are now worthless. The small investors whose savings went up in smoke are seeking government compensation. The arbitrators will be tasked with deciding whether bank officials who sold investors subordinated bonds – a relatively risky investment instrument – did so according to the rules of transparency and correct practice. The panels will be made up of officials who have performed the same roles for the Bank of Italy or stock exchange commission (CONSOB). Arbitration will take a maximum of 120 days and will be decided by a majority vote. Twelve panels of five members each will be set up and will make their recommendations to the National Anti-Corruption Authority (ANAC).
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The elderly and those who have lost the most will get preference in upcoming arbitration, free of cost, for investors left with worthless bonds after the rescue of four small lenders, Banca Etruria, Banca Marche, CariFe and CariChieti, according to a draft decree of Italian Govt. These cookies may also store information on user behavior obtained through their browsing habits, which allows us to develop a specific profile and display advertisements appropriate to your profile.AL DENTE Alerts & Breaking News by PaperStreet Web Design Fast Arbitration for small investors We may share this information with advertising platforms to help us display the most relevant messages to you. These cookies are also used to show ads that are more relevant to your interests. Marketing cookies are used to understand user behavior across our websites. This category of cookies cannot be disabled. These cookies are necessary to enable the basic features of this site to function, such as providing secure log-in, allowing images to load, or allowing you to select your cookie preferences. These cookies are essential for enabling user movement around our website and providing access to features such as your profile and purchases, log in credentials, and other areas of the website. Any information collected by means of this type of cookies is used to measure activity on any website, application or platform, for the purposes of introducing improvements in function of the analysis of the data regarding the service use made by users. Statistical cookies help us to understand how visitors interact with our website by collecting and reporting information anonymously.
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