Commercial Law International

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A contract is a “good” contract, if…

Contract negotiations are a demanding but also fascinating part in a project, no matter what the project is. A “good” contract as the result of the negotiations improves the relationship between the parties and ensures a high quality performance on both sides. Many people, however, do not pay attention to the contract to be signed…

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More Recognition for Pre-Nups?

By: Emma Peart The decision in Radmacher has potentially given even more credibility to Pre-nuptual agreements in the UK. The case concerns a German industrial heiress and her Ex-Husband, a Former Investment Banker, who entered into a Pre-Nuptial agreement with the idea of protecting the interests they would inherit through family business. The Judgement itself…

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Australia’s National Consumer Protection Law Comes Into Effect

By: Ainsley Brown Talk about kicking off the New Year with a bang: it is official as of January 1, 2011 Australia now has its first national Consumer Law. The new law ushers in a comprehensive national consumer protection regime that mandates quick remedies – repair, replace, refund – to customer complaints.  It replaces a…

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Art As An Option: An Alternative Form of Investment

By: Ainsley Brown The use of art as an investment is not a new concept, whether it is commissioning a piece for your self or buying existing works, art as an investment is centuries old. But what about investing in the right to buy an artist’s future works; that is as yet to be conceptualized…

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As companies battle the recession, bartering comes in handy

By: Carsten Lexa Money helps a lot when it comes to exchanging goods. One buys the goods, pays with cash and takes the goods away. So far, so good. But what if free cash to spend is a rare thing? For example in times like today, when the economy is not doing well and money…

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JP Morgan Case Down-Under Is Set To Shine The Spotlight On Investment Banking Fees…But Not So Fast

By: Ainsley Brown The stage was for a very interesting court battle in Australia pitting advisor against former client; at stake the fees that the advisor could charge. While the case remains interesting the deep probing spotlight that it promised on investment banking fees alas may not materialize. JP Morgan Chase, the investment bank is…

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The US credit card business – Credit CARD Act 2009

By: Carsten Lexa On August 13th, 2009, I wrote an article here on Commercial Law International about the “secrets” of the US credit card business and about how the existing rules make it hard for customers to pay off their credit card debt. On November 3rd, 2009, I wrote in a the second article about a Goverment…

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LVMH Wins Latest Battle Against Ebay

By: Ainsley Brown EBay was fined yesterday €1.7 million by the Paris Commercial for violating an injunction prohibiting the sale of LVMH products on the online auction site. The injunction was imposed on eBay last year after it was taking to court by LVMH for allowing the sale of its products on its site. LVMH,…

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Commerzbank sued for millions by former Dresdner Kleinwort traders

By: Rechtsanwalt (Attorney) Carsten Lexa, LL.M. A group of 72 former Dresdner Kleinwort traders have sued the new owner of Dresdner Bank AG, Commerzbank AG, claiming it reneged around 34 million Euros of guaranteed bonus payments. The traders argued that their bonusses were guaranteed before Commerzbank Bank´s 5 billion Euros takeover of Dresdner Bank and…

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“Secrets“ about the US credit card business

By: Rechtsanwalt (Attorney) Carsten Lexa, LL.M. I´m not sure whether the following are really “secrets”. Very likely they are not. But they are definitely not commonly known – even to US-Americans, who use, on average, about 8 credit cards per person. Especially the Germans always wonder about the problems the US-Americans have with credit cards…

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