Fern v. Baker - Unauthorized Gifts Ruling Affirmed

The Massachusetts Appeals Court affirmed a lower court's ruling in Fern v. Baker, upholding a decision that denied claims regarding unauthorized gifts made by defendants using a durable power of attorney. The court found that the gifts, totaling over $5.5 million, were not improperly motivated and did not breach fiduciary duties.

Rockland Trust Company v. Robert J. Langone - Reinstatement of Judgment

The Massachusetts Appeals Court reversed a lower court's decision, reinstating a judgment in favor of Rockland Trust Company against Robert J. Langone. The case, involving promissory notes issued in the 1980s, has been litigated for over twenty years. The court remanded the case for further proceedings.

Department of State Police v. Mikhael H. El-Bayeh - Speeding Infraction Case

The Massachusetts Appeals Court reversed and remanded a speeding infraction case against Mikhael H. El-Bayeh. The court found that the lower courts erred in denying El-Bayeh's motions to dismiss the citation and to inspect essential defense documents, vacating the finding of responsibility.

Child Support Modification Ruling

The Massachusetts Appeals Court affirmed a Probate and Family Court judgment modifying child support obligations. The husband appealed the dismissal of his complaint for modification, but the court upheld the award of current and retroactive child support totaling $163,796 for the parties' two children.

Switzerland Updates Sanctions List for ISIL / Al-Kaida

Switzerland's State Secretariat for Economic Affairs (SECO) has updated its sanctions list in accordance with UN sanctions against ISIL (Da'esh) and Al-Qaeda. Financial intermediaries must implement the updated prohibitions, freeze assets, and report affected relationships to SECO.

HKMA and HKSTP Announce IADS Hackathon Winners

The Hong Kong Monetary Authority (HKMA) and the Hong Kong Science and Technology Parks Corporation (HKSTP) announced the winners of the Interbank Account Data Sharing (IADS) Developer Hackathon. The event, launched in October 2025, aimed to foster innovation in secure account data sharing within Hong Kong's banking sector.

HKMA Alerts Public to Bank Scam Alerts and Fraudulent Websites

The Hong Kong Monetary Authority (HKMA) has issued a scam alert regarding fraudulent websites and internet banking login screens targeting customers of several banks. The alert reminds the public of common scam tactics and advises those affected to contact their bank and the police.

Exchange Fund Bills Tenders Announcement

The Hong Kong Monetary Authority announced the upcoming tenders for Exchange Fund Bills to be held on April 2, 2026. The announcement details the issue numbers, amounts on offer, and tenors for three separate bill issuances.

HKMA Alerts Public to Bank Scam Alerts

The Hong Kong Monetary Authority (HKMA) has alerted the public to recent scam alerts issued by several banks regarding fraudulent websites, phishing emails, and other scams. The HKMA reminds the public of common scam tactics and advises those affected to contact their bank and the police.

MAS and SBMA Outline Focus Areas for Gold Trading Centre Development

The Monetary Authority of Singapore (MAS) and the Singapore Bullion Market Association (SBMA) have announced key focus areas to develop Singapore as a trusted gold trading centre. These initiatives aim to strengthen the gold ecosystem by developing new products, establishing robust standards for vaulting and logistics, and building a clearing system for over-the-counter settlement.