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Cyprus Has 4 Days to Come Up with New Plan

(NICOSIA, Cyprus) — Cyprus has four days to agree on a new plan to raise funds to avoid bankruptcy after the European Central Bank warned that it would pull the plug on the country’s banks at the start of next week if no bailout deal is agreed. Facing the ultimatum, the Cypriot government was trying Thursday to drum up support for a new proposal that will please lawmakers in Parliament as well as the country’s potential international creditors. (MORE: ECB Guarantees Cyprus Aid Only Through Monday) The “Plan B” was being hashed out after lawmakers soundly defeated an earlier proposal to seize up to 10 percent of all domestic deposits to finance a rescue of the country. Cypriot government officials have said the new plan includes a smaller deposit grab to ease the pain on small savers, restructuring the country’s troubled banks and raising money from domestic sources, including pension funds and subsidiaries of foreign banks active in Cyprus. Cyprus has to find 5.8 billion euros ...

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Found 1 month ago on channel TIME Business
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Canada: Making Third Party Observations At The International Phase Of A PCT Application - Fasken Martineau

Since July 2, 2012, third parties can submit prior art observations during the International Phase of an application under the Patent Cooperation Treaty (PCT).

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Found more than 1 month ago on channel Mondaq
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Canada: Tax Memo: August 14, 2012 - Legislative Proposals: Important International Tax Changes - PwC Management Services LP

On August 14, 2012, the Department of Finance released for consultation draft legislative proposals implementing measures included in the March 29, 2012 federal budget.

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Found more than 1 month ago on channel Mondaq
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