“Commercial Awareness Is Global.”
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
By: Ainsley Brown Banks in London, England are set to roll out their living wills by the end of the year. The living wills are a direct consequence of the financial – bank – meltdown experienced in the UK. The pilot scheme is set for a trial run in London before being expanded to the rest of the country will see
By: Ainsley Brown The cosmetics giant, L’Oreal, seeks to expand in the largely untapped African market – or I should say African markets, as the continent is made up of many individual national and regional markets. I must say that I find this a very interesting business strategy by a global titian. There is also, I must admit a touch
By: Ainsley Brown A 47 year old former engineer from the Ford Motor Company has been charged with stealing some of the company’s trade secrets. The engineer, a one Xiang Dong Yu, also known as Mike Yu, was charged last week after traveling from China to the US. Mr. Yu is accused of unauthorized computer access; theft, and attempted theft
By Charles Wanguhu The caveat emptor rule dictates that an individual seeking to purchase land should ensure that he is dealing with the rightful owner. Therefore upon inspection of the register kept at the ministry of lands, an individual seeking to ensure the ownership of land would request the registrar for an official confirmation of search, the advantage of the
By: Ainsley Brown Philip Morris – yes that Philip Morris – the tobacco giant is set to sue the Irish government. And, why? The substance of Philip Morris’ claim is that the new Irish law that came into force on July 1 banning the display of cigarettes in stores is anti-competitive. As a public health measure the new law was
By: Ainsley Brown PricewaterhouseCoopers (PwC), the administrator for the European outfit of Lehman Brothers, has come up with a ‘Plan B’ to give out $17 billion to creditors. This after the High Court in England rejected a plan by PwC in August that would have freed up over $13 billion worth of assets. The court rejected the earlier plan because
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
By: Ainsley Brown How do you enforce a law that doesn’t make clear what is to be enforced? Well, this is the dilemma facing US regulators, namely the Department of Justice, the Federal Reserve and Treasury Department, when the internet gambling law comes into force on December 1. The Unlawful Internet Gambling Enforcement Act of 2006, part of the Security and Accountability For Every Port Act of
By: Ainsley Brown Yes that right, I am referring to the English Rugby team – the Leicester Tigers. Sorry but I just had to do this, being a rugby fan and all, I will make any excuse to write on the subject. The Leicester Tigers, the current Guinness Premiership – the English Rugby Union’s top competition – it would seem are planning to