Fri, Apr 19, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Canada proposes Sergei Magnitsky bill to sanction human rights crimes, corruption

Friday, May 13, 2016

Komfie Manalo, Opalesque Asia:

The Conservative Party of Canada on Thursday introduced the Justice for Victims of Corrupt Foreign Officials (Sergei Magnitsky Law) bill in House of Commons and the Senate to sanction human rights crimes and corrupt practices.

In a statement, Law and Order in Russia said that the Magnitsky bill was introduced by James Bezan in the House of Commons and Senator Raynell Andreychuk.

"The purpose of the Magnitsky Law is to sanction those who are committing serious human rights crimes within their countries, or the corrupt individuals who are stealing the assets of people," said Bezan.

Former justice minister Irwin Cotler, one of the strongest advocates of Magnitsky legislation in Canada, last year urged Canadian lawmakers to adopt the law. He commented, "It is time…for us to treat Russian domestic human-rights violations as seriously as we do violations of political independence and territorial integrity… Countries that value human rights and the rule of law must use the measures at our disposal to hold violators to account and discourage future violations."

The Canadian Magnitsky Law (C-267) and (S-226) provides for visa sanctions and asset freezes against foreign nationals responsible for gross violations of internationally recognized human rights.

Speaking about the effect of the Canadian Magnitsky Law, Bezan, added, "This would provide the tools and......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1