“Commercial Awareness Is Global.”
By: Ainsley Brown The Russian central bank, the Bank of Russia, announced today that it will begin to further diversify its foreign currency reserves by buy Canadian dollar dominated deposits and securities. The move is in response to the falling value of the US dollar and the appreciation of commodity based currencies such as the Canadian and Australian dollars. While it was
By: Ainsley Brown India has needs to improve its corporate governance regime; so says, the Hong Kong based advocacy group, Asian Corporate Governance Association (ACGA). The ACGA’s report comes in the wake of the Satyam Computer Services scandal where the companies head admitted to defrauding the company for many years. The scandal helped expose so of the obvious as well
First posted on Law is Cool on Jan 9, 2010. This is a blog post by current University of Western Ontario third year law student and Law is Cool blogger, John Magyar that I just had to share. It is a perfect illustraion of why here at Commercial Law International we say that: Commercial Awareness Is Global. The story featured in the post is
By: Ainsley Brown It is now official the Banana Wars are now at an end. The protracted – 16 years – trade dispute over bananas between the European Union (EU), Latin American countries and the United States is now officially over. The Banana Wars, as they have come to be known even if somewhat inaccurately because while banana are the
By: Ainsley Brown “Old pirates, yes they rob I.” The opening words to Redemption Song are as hard hitting now as they were when first bellowed by the iconic musical legend – Bob Marley – years ago. These words however may be taking on a new meaning in this era digitization and globalization where information is king. This era is
By Charles Wanguhu A lot of column inches have been taken up trying to dissect the emerging Sino-African relations. In Africa more and more Chinese goods as well as people are visible. The Africa -West relationship has been largely characterized as an aid relationship or “carrot stick diplomacy”. Experimental policies such as the structural adjustment programmes have been imposed
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 Office of Fair Trading (OFT), the agency charged with policing trade practices – read unfair trade practices – has launched a study into the high cost associated with business insolvency. The study will focus on the way insolvency practitioners, namely accountants and lawyers are appointed and how they set their fees. The importance of the study
By: Ainsley Brown The European Union (EU) voted this week to continue the anti-dumping duties it put on certain Chinese and Vietnamese footwear imported in the EU. In a previous post, I speculated that the EU would vote to discontinue the tariffs – boy was I ever wrong. And the EU’s decision has not gone unnoticed in the EU and
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