The US credit card business – reloaded

By: Rechtsanwalt (Attorney) Carsten Lexa, LL.M. 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 dept. Now, a new Goverment proposal tries to help customers to reduce their credit card

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Will the real Leeds owners please stand up?

By Charles Wanguhu In the current financial crisis the role of offshore havens have been placed in the spotlight and quite rightly so. The lack of transparency in their dealings has meant that these centres have not only been used for tax evasion, money laundering, but also as bases for special purpose entities. The role of British offshore havens has

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The not so ethical investments

By Charles Wanguhu Financial institutions offering Ethical investment in practice exclude companies with interests in armaments, oppressive regimes, nuclear power, tobacco, vivisection, gambling, alcohol and pornography. Environmental (and ethical) investments also aim to invest in companies with positive effects on the environment. Characteristics of such companies include but are not limited to: socially responsible, environmentally conscious companies, and equal opportunity

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August 1: A Day Of Remembrance

By: Ainsley Brown This is part of the Middle Passage Law Series on Law is Cool. Why am I wearing all black today? Am I in mourning? No, not exactly. Then why? Well it is August 1: Emancipation Day. I am wearing black today not to so much mourn but to remember. To remember that it was today 175 years

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The Cozy Bank-Law Firm Relationship May Not Be So Cozy After All…These days Anyway, Part II.

By: Ainsley Brown McKenna v. Gammon Gold Inc. This is case that has the potential to redefine the very cozy relationship law firms have with their banker clients. No longer will bankers be given blanket coverage under conflict of interest rules to prevent law firms from being representatives in claims brought against them. The operative word here being potential, as

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THE GROWING NEED FOR EXPANDED CORPORATE REPORTING

This article is reproduces with the permission of the author and can be found on AccountancySA (South Africa´s leading Accountancy Journal). There is no doubt that the world we knew before the global economic meltdown will not return. The causes of the meltdown will not disappear, and lurking behind them is another set of even more fundamental issues facing humanity.

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UK Oil Company Accused Of Trying To Buy Witnesses

By: Ainsley Brown It is situations like these that simply go to fuel the general public distain for multinational. I guess the one positive thing that comes out of this and other similar situations is that it provides ample material for Michael Moore– esque films – just great entertainment. Despite the entertainment value of such films they often depict the

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Is tax the new area of concern for Corporate Social Responsibility?

By Charles Wanguhu In early 90’s Nike suffered a huge backlash from the revelations of child labour in use in its factories abroad there was a drive to ensure that clothing was environmentally sound. In early 2000 a push for carbon footprint labelling ensured that the consumer was conscious of the effect of their consumption habits on the climate. In

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