Law

This pre-nuptial verdict doesn’t exist only for the rich

This pre-nuptial verdict doesn’t exist only for the richThe Supreme Court announced the enormous change in family law in the past 35 years when it supported the enforcement of an heiress's pre-nuptial contract past week.

The ruling shall be affecting the investments of the hundreds of thousands of UK families who live in the course of divorce every year.

Law suits against credit companies to benefit consumers

Visa MastercardIt is expected that the recently concluded consent decree between the US Department of Justice and Visa & Mastercard will make the pricing better for the consumers. The decree ascertains that the anti-trust lawsuit against Visa and MasterCard gets settled.

Wang Faces Criminal Charges

Auckland District CourtMay Wang, the Chinese businesswoman, faces property collapse due to three criminal charges, she faces from the Companies Act. She is said to have failed in withdrawing the charges at the Auckland District Court.

She is said to have failed in keeping proper books and records, failed in providing information to the liquidator and is said to have left the country without advising the liquidator.

Mexico TV giant won the legal battle

NextelOn Saturday, the Mexican government has announced that result of the auction held in the month of July. And the wireless operator Nextel Mexico has been declared as the winner of this auction. With this announcement, the months-long legal standoff between Nextel Mexico and its competitor has come to an end.

Court Takes Away Swann’s Assets

CourtMichael Swann, the former Information Technology Manager of the Otago District Health Board, was ordered by Justice Graham Panckhurst to pay $6 million to the Crown and to forfeit $4.4 million of properties, in lieu of the money he had stolen from the Board.

High Court Throws out Bridgecorp’s Ex- Director’s Appeal

BridgecorpAn appeal by Bridgecorp’s ex-Director Bruce Davidson has been discarded by the High Court. Mr. Davidson, who was a Director of six firms in the Bridgecorp group, was barred from being a director, promoter or manager of a business for two and a half years, when the group crumpled in 2007.

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