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| Exclusive - India eyes bankruptcy reform to ease decades of gridlock |
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 By Clara Ferreira-Marques and Devidutta Tripathy MUMBAI (Reuters) - A group of government-appointed advisors has recommended sweeping changes to India's outdated and overburdened bankruptcy system, aiming to modernise a process that takes several years and costs investors and taxpayers billions. The changes would be the most ambitious overhaul to date of rules governing the liquidation or revival of companies in India, a country with no single bankruptcy code and where competing laws, unclear jurisdictions and inadequate resources can leave cases languishing for decades. The proposals, to be handed to the Finance Ministry as early as Monday, will impose deadlines for the first time and establish a network of insolvency professionals to lighten courts' workload and tackle delays, T.K. Viswanathan, chairman of the Bankruptcy Law Reform Committee, told Reuters.
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| Crisis deepens as Cambodian opposition leader loses parliament post |
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 By Prak Chan Thul PHNOM PENH (Reuters) - Cambodia's ruling party ousted the opposition leader from his post of deputy parliament president on Friday after a controversial house vote that could nudge the Southeast Asian country closer to political conflict. All 68 Cambodian People's Party (CPP) parliamentarians voted to remove Cambodia National Rescue Party (CNRP) leader Kem Sokha for breaking the terms of a political deal in which the CNRP had agreed not to disparage the ruling party. CNRP boycotted the vote, calling it unconstitutional.
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| Myanmar opposition candidate stable after machete attack - party |
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| By Soe Zeya Tun and Aung Hla Tun YANGON (Reuters) - A member of parliament from Myanmar's opposition leader Aung San Suu Kyi's party was recovering on Friday after being slashed with a machete in the first serious violence in a campaign for historic Nov.8 elections, a party official said. Three men attacked National League for Democracy (NLD) member Naing Ngan Lynn, who in running for a regional assembly seat in the commercial capital of Yangon, and two other people while he was campaigning on Thursday evening. It's important to take effective legal action after investigation," said Nyan Win. |
| China to prosecute former top Tibet security official for graft |
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| A former top Chinese security official in Tibet will be prosecuted for suspected corruption, the ruling Communist Party's anti-graft watchdog said on Friday, in a rare example of corruption-busters going into the restive and remote region. Le Dake, who was deputy head of Tibet's regional legislature when an investigation into him began in June, is suspected of abuse of power and bribery, the Central Commission for Discipline Inspection said. According to his official biography, Le was head of the State Security Department in Tibet from 2004 to 2013. |
| South Sudan rebels free U.N. peacekeepers, but still hold contractors |
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| By Michelle Nichols UNITED NATIONS (Reuters) - Eighteen United Nations peacekeepers in South Sudan were freed on Thursday after being held for three days by heavily armed rebels, but a dozen U.N. contractors who were operating a fuel barge have not yet been released, the world body said. U.N. peacekeeping chief Herve Ladsous spoke to opposition leader Riek Machar about the incident on Thursday. The United Nations also said it is "extremely concerned" about the South Sudanese crew of the fuel barge who were still being held. |
| Allen Stanford loses appeal of Ponzi scheme conviction |
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 A U.S. appeals court on Thursday rejected Texas financier Robert Allen Stanford's bid to overturn his conviction and 110-year prison sentence for running what federal prosecutors called a $7.2 billion Ponzi scheme. The 5th U.S. Circuit Court of Appeals in New Orleans turned aside 10 arguments raised by Stanford. "We find no evidence that the district court was partial to the government in derogation of Stanford's right to a fair trial under the Constitution," Circuit Judge Edith Brown Clement wrote for a three-judge panel.
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