Court
North America | 7 Nov 16
US court rejects insurers’ appeal against adviser reforms
A US judge has denied the first legal challenge brought against the Department of Labor’s (DoL) upcoming fiduciary rule by the National Association for Fixed Annuities (Nafa).
HK regulator seeks ban, HK$77m from fintech firm directors
Hong Kong’s Securities and Futures Commission (SFC) is looking to disqualify 10 directors of Freeman FinTech Corporation and seeking compensation of HK$76.8m (£8.0m, $9.9m, €8.8m) for losses incurred during the acquisition of a local firm.
Middle East | 27 Sep 16
Dubai regulator fines insurer for sales outside permitted zone
The Dubai Financial Services Authority (DFSA) has cracked down on an international insurance company based in the DIFC for selling products to customers outside the centre.
Middle East | 13 Sep 16
Israeli court rejects Fatca lawsuit
Israel’s high court has rejected a lawsuit to block the implementation of America’s foreign account tax compliance act (Fatca) despite claims that it violates the country’s basic law on human dignity and liberty.
North America | 30 Aug 16
Axa wins landmark US court case over ‘exorbitant fees’
Axa has won a landmark court case in the US against investors who accused the French insurer of charging excessive fees on variable annuity products.