EU Court adviser backs cap on bank bonuses
Legal News Feed
A key adviser to the European Union's highest court is siding against Britain and wants the EU cap on bankers' bonuses to be maintained.
Advocate General of the European Court of Justice Niilo Jaaskinen suggested Thursday that British attempts to derail the EU financial law "should be rejected," advising the court to dismiss the action.
EU legislation limits banking bonuses at one year's base salary and double that if a large majority of shareholders agree. The advice of the advocate general is confirmed in a majority of cases when the court itself makes a ruling, which is expected within months.
Britain says the rules will lead to an increase in bankers' fixed pay, drive away talent and weaken Europe's financial industry, the heart of which is in London's City.
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Grounds for Divorce in Ohio - Sylkatis Law, LLC
A divorce in Ohio is filed when there is typically “fault” by one of the parties and party not at “fault” seeks to end the marriage. A court in Ohio may grant a divorce for the following reasons:
• Willful absence of the adverse party for one year
• Adultery
• Extreme cruelty
• Fraudulent contract
• Any gross neglect of duty
• Habitual drunkenness
• Imprisonment in a correctional institution at the time of filing the complaint
• Procurement of a divorce outside this state by the other party
Additionally, there are two “no-fault” basis for which a court may grant a divorce:
• When the parties have, without interruption for one year, lived separate and apart without cohabitation
• Incompatibility, unless denied by either party
However, whether or not the the court grants the divorce for “fault” or not, in Ohio the party not at “fault” will not get a bigger slice of the marital property.