“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: Ainsley Brown According to the latest Global Financial Centres Index (GFCI), as conducted by the think tank Z/Yen Group, London and New York City (NYC) remain number one and two respectively as the top financial centres. However, Hong Kong (HK) is closing the gap and is in a respectable third. The twice yearly index ranks 75 cities based on
By: Eran D. Grossman, Esq. More problems are on the horizon between government regulators and local U.S. banks (smaller, regional and/or community banks) over how to handle falling commercial property values. Currently, banks are holding roughly $1.9 billion in commercial real estate loans, which equals about a quarter of all outstanding loans, according to Moody’s. The values of such loans
By: Ainsley Brown Wachovia bank has agreed to pay $160 million to US authorities in order to settle charges brought against it. The bank was accused by the US Justice Department and banking regulators of not having sufficient controls in place to prevent Mexican drug cartels from laundering millions of dollars through the bank using exchange houses –casas de cambio
By: Ainsley Brown Islamic banking and finance (IBF) is a subject that I have longed to blog about here on Commercial Law International and after much procrastination here is a brief commentary. And by brief I mean brief – don’t get me wrong this is by no means all I have to say about the subject, far from it. I
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 The claims advanced by Olint, though ultimately would proven to be groundless is very important because it, gave us a brief glimpse into the subtleties of judicial politics. Before I go any further some context by way of an example I believe would be useful. The words with all due respect, seem quite mundane or you could
By: Ainsley Brown The House of Lords, with its Judicial Council of the Privy Council hat on, as Jamaica´s court of final appeal, handed down a judgment that is set to have repercussions well beyond the interests of the parties involved. In fact the consequences of his judgment go beyond just banking or investing but engages commercial dispute resolution, specifically
By Charles Kamau Wanguhu In the development of new legislation and regulations to keep pace with innovations and developments in a sector of the economy in whose interest are the regulations? Furthermore in keeping pace with innovation should regulation be geared to maintaining status quo or enabling new innovations? What are the opportunities for capture of regulatory authorities by