Lu's new challenge
The new chairman of the Taiwan Securities and Exchange Commission (SEC), Lu Daung-yen, who was appointed in Oct 1996, previously served as president of the Central Deposit Insurance Corp. (CDIC) between 1992 and 1996. Lu, who had wanted to terminate his government service after his stint at the CDIC, previously served 10 years on the SEC, rising to its vice chairmanship. As SEC chairman, Lu will be responsible for continuing the liberalization of the financial markets and in implementing a futures market.
Publication Name: Asiamoney
Tort reform moves to congressional agenda again
A veto by Pres. Clinton on May 1996 has failed to prevent tort reform from being an agenda of Congress as lobbyists continue to push for modifications in product liability regulations. Such changes are expected to favor the business sector, since contractors seek lower monetary damage awards. Existing legislation provides for a subrogation lien, which enables employees to recoup workers' compensation costs.
Publication Name: Animal Pharm
Ensuring Bermuda's future
Bermuda intends to diversify its economy in the 21st Century by encouraging the information technology and financial service industries to make a home there.
Publication Name: Global Finance
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