Category: Court
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Nigerian Court Clears Binance Executive for Trial in Tax Evasion Case
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A Nigerian court ruling today (Friday) has paved the way for Binance CEO Tigran Gambaryan to stand trial on behalf of the cryptocurrency exchange in the ongoing tax evasion case. Along with Gambarian, a US citizen and head of financial crimes compliance, British-Kenyan national Nadeem Angarwala, regional director for Africa,…
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Lawyers challenges nomination of former MCA as regional court judge
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The Law Society of Kenya (LSK) has challenged the nomination of Zablon Moroka Mukwa as a judge at the East African Court of Justice (EACJ) arguing that the former chamber representative is not qualified for the position. Mr Mukwa, who served as Member of the County Assembly (MCA) for the…
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Developing Financial Privacy Tools Was Today Criminalized by the Dutch Court
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In the Netherlands, open source software developers are now responsible for how their software is used. Today a Dutch court convicted Alexei Burtsev, a 31-year-old Russian citizen living in the Netherlands and one of the developers of the Ethereum-based privacy tool Tornado Cash, of money laundering: he was sentenced to…
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St Bakhita schools parents move to court opposing fee increment
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More than 1,000 parents of St Bakhita Schools in Nairobi have returned to court after failing to agree with management over plans to review and hike fees. Appearing before Judge Christine Meoli on Tuesday, the parents said the children’s learning could be disrupted mid-term because the administration had given them…
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Court orders KRA to refund Sh54m to Nakumatt supplier Hotpoint
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The Kenya Revenue Authority (KRA) has ordered the return of over Sh54 million to home appliance and electronics company Hotpoint over bad debts arising from goods delivered to retail giant Nakumatt. The Tax Appeals Tribunal has criticized the Local Tax Commissioner for not allowing the Sh54.8 million value added tax…
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President Ruto appoints 20 new High Court judges
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President William Ruto has appointed 20 Supreme Court judges who were recently appointed by the Judicial Service Commission. The Judicial Service Commission recommended that the 12 men and eight women become High Court judges after interviewing 95 applicants, in a month-long process between April 3 and May 3. “In exercise…
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Russian court says US soldier charged with theft causing ‘significant’ damage By Reuters
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MOSCOW (Reuters) – U.S. soldier Gordon Black, detained in the Russian city of Vladivostok until July 2, is accused of theft and causing serious damage, a Russian court said. The detention of Black, who the Pentagon said traveled to Russia without authorization, represents another diplomatic headache for the United States,…
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Italian shoemaker Tod’s to court US lovers of quiet luxury By Reuters
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Written by Elisa Anzolin and Valentina Za MILAN (Reuters) – An LVMH-backed investment firm is betting that demand from wealthy Americans for quiet luxury will ensure its 510 million euros ($545 million) stake in Italian shoemaker Tod generates the double-digit returns typically sought by private equity. L Catterton, set up…
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Australian Court Gives Win To Watchdog
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Recent reports revealed that the Australian Securities and Investment Commission (ASIC) has obtained its first victory in a cashless payment case involving cryptocurrencies. According to the documents, an Australian court has partly ruled in favor of the watchdog’s claim against BPS Financial Pty Ltd (BPS). “Qoin Scheme” earns $26 million…
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Okiya Omtatah in court to cut mobile connection charges
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Busia Senator Okiya Umtatah has moved to court seeking to overturn the Mobile Termination Rates (MTR) set by the Kenya Communications Authority (CA) last November, arguing that they are arbitrary and the highest in the region. The regulator set the mid-term price at Sh0.41 per minute on November 17, 2023,…
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Binance Trial on Ice in Nigerian Court as Lawyers Demand Missing Documents
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In a legal saga that has captured international attention, a Nigerian court has postponed the money laundering trial against cryptocurrency exchange Binance and two of its executives until May 17. The decision came after a lawyer representing the stock exchange informed the court that he had not been served. With…
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Sex offender asks Norway’s Supreme Court to declare social media access is a human right
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Breadcrumb links BMN Business Article writer: Associated Press Mark Lewis Published on May 2, 2024 • 2 min read You can save this article by registering for free here. Or log in if you have an account. Article content STAVANGER, Norway (AP) — A convicted sex offender is asking Norway’s…