“Commercial Awareness Is Global.”
By: Ainsley Brown The Organization of the Petroleum Exporting Countries (OPEC) announced that there will be no cut in oil production. This is a status quo-hold-wait and see strategy by OPEC. By keeping oil production as is OPEC hopes to keep oil prices at exsting levels in the further hope that this will have no adverse effect on any pending
By: Ainsley Brown The French cosmetics giant, L’Orèal is suing eBay alleging that eBay is putting its customers at risk by failing to adequately address the sale of fake products on its website. The case opened in High Court this Monday in London. According to L’Orèal its issues with eBay stem from the sale of counterfeit products, parallel imports, unboxed
A British solicitor, Jeffrey Tesler, was arrested at his North London business address after US authorities requested his extradition. US prosecutors have charged Mr. Tesler and another Briton, Wojciech Chodan, with taking part in a scheme to bribe Nigerian officials to secure lucrative natural gas contracts, according to the Times. Both men are each charged with ten counts of violating
By: Ainsley Brown The Ontario Court of Appeal upheld a lower court ruling that the law firm Lerners LLP did not have to withdraw on a case involving a supposed third party conflict. This supposed conflict arose after the law firm acted for a lawyer, a one Mr. Harold Springer, who provided business advice to G. Raymond Chang Ltd. (GRCL).
By: Ainsley Brown Contango! What is a contango? No it’s not an even more exotic version of the sultry Latin dance, nor is a tropical fruit. Then what is it? Contango, as explained on Money Morning, “denotes a normal and very specific condition associated with futures contracts in which the price of oil for distant delivery months from now exceeds
By: Ainsley Brown In a judicial review case in the UK, a small importer of low alcohol sparkling “wine” was told by the court that it could no longer market its products as such. And why? It did not meet the European regulations for minimum alcohol content. According to the regulations to legally qualify as wine a drink has to
By: Ainsley Brown For a $6, 000 flat rate companies and individuals that agree can now have their disputes resolved within a 2 and half month – now that is both cheap and speedy. The new services launched by ADR Chambers Inc. looks to resolve business disputes an expeditious and cost-effective manner. By agreeing to an expedited arbitration process disputants
By: Stephane Apitha In most jurisdictions, the legislators have laws to restrain the problem of money laundering. In addition to that nowadays most Off Shore Management companies “OMC’s” are equipped to carry out compliance checks. In order to understand what money is laundering we have to look at the definition of same; however, as at date there is no definition
BY: Ainsley Brown The Caribbean Community and Common Market (CARICOM) or as it is now known, CARICOM Single Market and Economy is moving towards greater harmonization. The Single Markets’ members have either completed or are in the process of having their laws and administrative practices and procedures reviewed in order to facilitate the objectives of the Revised Treaty of Chaguaramas.
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