Search Results for: World Bank

The US Department of Treasury imposed sanctions Thursday on a Sudanese financial institution and two companies accused of funding belligerents in the ongoing civil war in the northeast African country. The sanctions involved Alkhaleej Bank, as well as development company Zadna International and metal ore company Al-Fakher Advanced Works. In a press release, the Treasury [...]

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Australia’s Minister for Foreign Affairs Penny Wong announced Thursday that the government was imposing additional sanctions on five entities with direct links to the Myanmar military. Targets of the sanctions include the Myanmar Foreign Trade Bank and the Myanmar Investment and Commercial Bank, two major banks that support the regime’s activities. The sanctions “are a [...]

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The Ukrainian Government presented their revised bill to parliament Tuesday, which aims to strengthen its military mobilisation rules and maintain its fighting force in the face of the ongoing Russian invasion. The controversial bill was first introduced at the end of December 2023 and was met with public criticism and constitutional concerns, prompting its return [...]

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The current conflict engulfing Israel and Palestine raises significant issues of international law and policy. This is part one in an anticipated two-part series that will discuss some of the relevant legal questions before the International Criminal Court (ICC; Part I) and the International Court of Justice (ICJ; Part II).  With both courts located in [...]

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Human Rights Watch (HRW)  released its 2024 World Report on Thursday detailing the state of global human rights. The report’s central theme was that “transactional diplomacy” undermined global human rights institutions and enabled autocrats to worsen violations. HRW Executive Director Tiran Hassan described “transactional diplomacy” as when “governments disregard the benefits of long-term relationships built [...]

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Investors for Paris Compliance (I4PC) launched a complaint against the Ontario Securities Commission and the Autorité des marchés financiers of Québec on Tuesday, asserting that Canada’s big five banks’ sustainable investing disclosures are misleading to shareholders.  The complaint called out BMO, Scotiabank, CIBC, TD and RBC for providing possibly misleading environmental, social and governance (ESG) [...]

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The Hong Kong trial of prominent pro-democracy activist and media mogul Jimmy Lai has garnered widespread attention globally. Lai, a 76-year-old British citizen and high-profile critic of Beijing, faces national security charges, and his trial is expected to take months. Lai is a prominent figure in Hong Kong’s pro-democracy movement. His detention and subsequent trial exemplify [...]

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The Supreme Court of Israel struck down Monday a key component of Prime Minister Benjamin Netanyahu’s controversial judicial reform law, which sought to stop judges from nullifying government decisions that they deemed to be unreasonable. In July 2023, Netanyahu’s government passed a bill, after seven months of debate and widespread protests, abolishing the “reasonableness” clause, [...]

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