Lu's new challenge

Article Abstract:

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.

Trading Regulations, Taiwan, Management, Officials and employees, Securities industry, Securities law, Securities trading, Taiwan. Securities and Exchange Commission, Lu Daung-yen

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Tort reform moves to congressional agenda again

Article Abstract:

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.

Product Liability Regulation, Product liability, Political aspects, Tort reform, United States. Congress, Products liability, Sales law

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Ensuring Bermuda's future

Article Abstract:

Bermuda intends to diversify its economy in the 21st Century by encouraging the information technology and financial service industries to make a home there.

Government domestic functions, Bermuda, Business Aid & Regulation-Total Govt, Planning, Economic development, Industrial policy, Government regulations

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