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screens. but if you re running, you know, publicly traded entities, there is a lot of rules about not being fake. and so the s.e.c. stepped in and more or less kicked those companies off the stock exchange. for a couple of them, they issued what is called a stop order. the s.e.c. forcibly stopped these companies from selling any more public shares. and stop orders are a serious thing and they are a rare thing. in the past ten years, something like 35 companies total have gotten stop orders like this. of the 35 in the past ten years, at least three of them were run by the same group of guys in china. in shanghai. well, now, this chinese firm, shanghai, that appears to specialize in launching publicly traded companies that mislead regulators and investors, and then get everybody involved in trouble, i ll give you one guess as to what their new high profile investment is. yes, it is donald trump s latest
LegalPay set to launch third-party litigation funding platform for retail investors indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
The Indian Association for Litigation Finance (IALF) was launched recently to enable self-regulation and promote knowledge development of litigation finance in India.
Global litigation financers such as Omni Bridgeway, Phoenix Advisors and Profile Investment, and service providers like PSL Chambers, FTI Consulting, ICC, Grant Thornton and Singularity Legal are involved with the IALF.
The IALF initially plans to focus its efforts on international arbitration cases involving Indian parties, as these have a far quicker resolution time than traditional court matters, which can drag on for years in India.
Prior to transitioning to a more formal structure, the initial formation of the IALF will be spearheaded by the working group whose members include SICC Justice AK Sikri, Omni Bridgeway Asia chief investment officer Tom Glasgow, Singularity Legal partner Prateek Bagaria, and PSL Chambers managing partner Sameer Jain.