The FOMC ended their two day policy meeting with a hawkish tone. Even with the Fed hawkish tone, the US dollar failed to mount any rally, as the dollar continued to consolidate it recent huge decline.
The US stock market and bond market failed to rally as capital continue t flee the dollar assets. The decline has just started. The equity market would need to drop much further from the current level to starts to trigger liquidation of the long position.
On the short term time frame, key inflection price level for NQ is 6970, bullish above, bearish below
The yield on US 10-Year Treasury bond.has just broken above the trendline that has guided it lower for the last 25 years.
Decision No. 03/2020/NQ-HDTP
of December 31, 2020
of the Judicial Council of the Supreme People's Court on Guidelines for the Application of a Certain Provisions of the Criminal Code in Proceedings of Corruption and Other Related Offenses Position
Issuing Bodies: The Judicial Council of the Supreme People's Court Effective Date: Known
Official Number: 03/2020/NQ-HDTP Signatory: Nguyen Hoa Binh
Legislative Type: Resolution Expiration: Update
Issue date: 12/30/2020 Impact: Known
Areas: criminal law, savings - anti-corruption protection SUMMARY
Provide guidance to voluntarily return at least 3/4 of embezzled assets or accepted bribes
On December 31, 2020,
the Judiciary Council of the Supreme People's Court issued Decision No. 03/2020/NQ-HDTP on Guidelines for the Application of a Set of Provisions of the Criminal Code in Trials of Corruption and Other Related Offenses The Indictment.
The voluntary return of at least three quarters of the embezzled or bribed property is to be understood in particular as the case in which the perpetrator voluntarily returned at least three quarters of the embezzled or bribed property after committing a criminal offence. The voluntary return of at least three-quarters of the embezzled or bribed property can also be considered if the perpetrator, after committing the offence, caused his father, mother, spouse, children, siblings or other relatives to give his parents, his Spouse, children, siblings or other relatives who return at least three quarters of the property embezzled or bribed.
In addition, during the course of the proceedings,
the embezzled or bribed offender who voluntarily returned at least three-fourths of the embezzled property or accepted it by bribery will not be punished with the heaviest sentence in the criminal section for the crime he committed. she is prosecuted or convicted.
In the event that a case is separated for processing at different stages (in several cases), criminal liability will be examined and the verdict will be decided as follows: the fact that the accused was convicted in the previous case will not be as “double or multiple commissions of the offence” unless the offenses considered and investigated for criminal liability in the phases are independent of each other; The fact that the prisoner was convicted in the previous case is not considered a bad personal record, so as not to suspend the execution of his sentence; Etc
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