“Commercial Awareness Is Global.”
Note: This article is a collective work by the futurologist Jens Hansen and digital expert Carsten Lexa. Digitization brings us disruptions in a wide variety of industries. Newspaper publishers, video rental companies, retailers, bookstores — all have already undergone a major transformation. The change in the retail business for books was particularly bad especially in the USA. In 2011 the
By: Rechtsanwalt (Attorney) Carsten Lexa, LL.M. A 42-year-old Russian man won an interesting case against a Russian bank. This man received an unsolicited credit card offer from online bank Tinkoff Credit Systems. Unhappy with the credit card terms, the man scanned the term sheet, wrote in some new terms of his own, signed the document and send it back. The bank
By: Ainsley Brown It would seem that yet another Canadian bank has received a wrap on the knuckles in the UK. The latest bank to be disciplined: Canadian Imperial Bank of Commerce (CIBC), who lost an employment age discrimination case. The case was brought by a 42 year old London based banker who was made redundant in 2008 as part of
By: Ainsley Brown The Toronto Dominion Bank (TD), one of Canada’s leading financial instructions has been fined £7 million by the Financial Services Authority (FSA). The FSA, charged with policing financial institutions in the UK, has imposed the fourth highest fine in its history on TD for repeatedly failing “to follow established procedures in ensuring the trader’s books were independently
By: Ainsley Brown This is an update to Shareholders Fail in Human Rights Cases Against UK Government. The Northern Rock shareholder group, lead by the Hedge Funds SRM Global and RAB Capital, last week launched their appeal of the decision reach in the High Court about the UK government’s nationalization compensations scheme. The appeal comes in the form of judicial
By: Ainsley Brown Injunction, injunction, what´s your function? Sorry I just could not resist. Despite my lame attempts at a joke, it is a very valid question. What is the function of an injunction? It is a power whereby the court may order positive action be taken or an order to refrain from acts being currently done. It may be