The People’s Daily, the mouthpiece of China’s Communist Party, wrote on its verified Sina Weibo account, “Though Tang’s demand for a written apology was not upheld, and the compensation was simply symbolic, the final verdict at least provided feedback The 2,000 RMB was more like charity than compensationPerhaps that’s the reason the ruling was extensively welcomed by Chinese domestic media, who commented that it meant a lot to both Tang herself and to everyone Corporate Lawyer Turkey affected by the re-education by way of labor, or laojiao, system. The authorities is keen to spend 10,000 RMB on ‘stability maintenance,’ but not to supply an apology to a suffering mom.
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By distinction, the record of Western-based banking groups cashing in Chinese-based chips to spice up stability sheets, a pattern kicked off by Royal Bank of Scotland and UBS promoting their respective four.3 p.c and 1.3 percent stakes in Bank of China last year, continues to develo Capitol Bancorp has agreed to promote Yuma Community Bank to The Foothills Bank, an Arizona-based community bank, for around $10.5 million in money. Royal Bank of Scotland has sold its 50 p.c stake in Spanish insurer Linea Directa Aseguradora to joint venture companion Bankinter for €426 million, a consideration of round 2.5x the insurer’s tangible guide value. Rebel shareholders of Fortis have lodged a grievance with the European Commission in a bid to dam the continued sale of belongings to BNP Paribas. Cordial – Japan’s third-biggest brokerage after Nomura and Daiwa Securities – had also attracted interest from Mitsubishi UFJ Financial Group and Mizuho Financial, Japan’s third largest bank by market cap.
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