The U.N. Human Rights Committee in Geneva has ruled against the U.K. in a landmark ruling, but the United States will continue to enforce the copyright law, which has been used against foreign companies.
government said in a statement that the decision was not intended to affect the U-Bahn system, but it was “possible that the court decision could impact the way we operate.”
The UBS Bank Group was the first U.A.E. company to be forced to stop operating under the UBS Copyright Act, which was passed in 1994 after the U1 Bank in Bangladesh was accused of making illegal money transfers.
The group had been operating out of a bank in the Bangladeshi capital Dhaka.
UBS and the U2 Group are the only other U.B.I. banks to face criminal charges.
U.J.T.R. has said it would continue operating, despite the UB.i. ruling.
The American-based company, which is owned by a former U.P. president, has been accused of committing securities fraud in Bangladesh and India.