“Commercial Awareness Is Global.”
By: Ainsley Brown The question that faces Australian securities regulators is what to do about two or more Chinese state owned enterprises together owing substantial shareholdings in an Australian company? At first blush it would appear that this is a case of China take over fear, however there is much more to the story than this. Indeed, there is a
By: Ainsley Brown In Canada an Ontario Superior Court of Justice ruling (McKenna v. Gammon Gold Inc.) has the potential to go viral like the latest YouTube sensation and challenge what can only be called one of the most incestuous relationships in the commercial world. What am I talking about? Well I am referring to the relationship, the very close
By: Ainsley Brown The US securities regulator, the Securities and Exchange Commission (SEC), has extended its long arm yet again. This time it was as a part of an operation to locate and then freeze the personal and company assets of Sir Allen Stanford and his Stanford International Bank (SIB). Mr. Stanford – oh sorry I should say Sir Allen
By: Ainsley Brown The very colorful Texan billionaire, dual citizen and Knight from Antigua, and oh yeah cricket enthusiast, has been charged in the US with fraud allegedly amounting to $9.2 billion. Just like Bernard Madoff, Stanford – sorry, I should say Sir Allen – stands accused of operating a Ponzi Scheme. According to the US Securities and Exchange Commission
By: Ainsley Brown Christian Milton, a former vice-president of American International Group Inc. (AIG) was sentenced last week to 4 years for his part in a US $597 Million fraud scheme. The scheme which began in 2000 defrauded AIG shareholders by the aforesaid amount by allowing AIG to improve its balance sheet. Mr. Milton can count himself luck for
By: Ainsley Brown Yes, that’s right, you read correctly: human rights cases are being brought by companies not against them. Well, at least this is the case in the UK, as a story in the Times explains. A new survey has revealed that while the overall human rights cases brought in 2008 is down over 2007, there has being an