Banking - Part 3

Banking, Commercial Awareness, Crime, Government, Government Policy, Human Rights, International, Legislative Process, Litigation, UN
The UK Supreme Court Rules Government’s Terrorist Asset Freezing Powers Illegal

By Ainsley Brown on February 8, 2010

By: Ainsley Brown While terrorism, terror financing and constitutional principles such as the rule of law and Parliamentary supremacy are not the usual subjects covered here at Commercial Law International, this seeming break from tradition is in fact not such a stretch. As our moniker indicates Commercial Awareness is Global – it is important to note and as will soon… Continue reading "The UK Supreme Court Rules Government’s Terrorist Asset Freezing Powers Illegal"
Banking, Investment, Regulation, Securities
TD Fined £7 Million In the UK

By Ainsley Brown on December 17, 2009

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… Continue reading "TD Fined £7 Million In the UK"
Asset Management, Banking, Commercial Awareness, Government Policy, Tax
The UK Extents Tax Amnesty

By Ainsley Brown on December 7, 2009

By: Ainsley Brown In a very surprising move HM Revenue & Customs (HMRC) has extended it tax amnesty program – the New Disclosure Opportunity (NDO). The NDO was set to expire on November 30 of this year but has been extended to January 4 of next. Under the program tax payers with undisclosed offshore accounts nestled away in any number… Continue reading "The UK Extents Tax Amnesty"
Asset Management, Banking, Brand Management, CARICOM, Economy, Entrepreneurial, G-8/G-20, Government Policy, Investment, Law Firms, Tax
Jamaica To Hire Baker & MacKenzie As Financial Centre Consultants

By Ainsley Brown on November 25, 2009

By: Ainsley Brown Jamaica is set to hire global legal giant Baker & MacKenzie (Baker) as its consultant on its new International Financial Centre (IFC). The deal, the details of which are still immerging, is subject to Cabinet approval and would see Baker advising the Jamaican government on the best ways to implement the IFC in this current economic climate. … Continue reading "Jamaica To Hire Baker & MacKenzie As Financial Centre Consultants"
Asset Management, Banking, Commercial Awareness, Crime, Government Policy, Public Policy, Regulation, Tax
UK Taxman Hits YouTube

By Ainsley Brown on November 9, 2009

By: Ainsley Brown The UK taxman is now using YouTube to get its message across. I mean literally the “UK Taxman” – Permanent Secretary for Tax in HM Revenue & Customs (HMRC), Dave Hartnett. And what is his message. Well you guessed it, pay your taxes or else. Yes I know, that’s just a little bit too simplistic but it… Continue reading "UK Taxman Hits YouTube"
Asset Management, Banking, Crime, Government Policy, Litigation, Tax
Russia Drops Two Year Legal Battle Against New York Bank

By Ainsley Brown on November 3, 2009

By: Ainsley Brown The Russian Federal Customs Service has dropped its $22.5 billion suit against Bank of New York Mellon (BNY), the world’s largest custodian of assets. Yes, you read that correctly that 22.5 Billion with a B. The suit was brought by the Russian Federal Customs Service in 2007 alleging that BNY was at the centre of illegal money… Continue reading "Russia Drops Two Year Legal Battle Against New York Bank"
Banking, debt, Economy, Ethics, Finance, Legislative Process, Regulation
The US credit card business – reloaded

By Carsten Lexa on November 3, 2009

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… Continue reading "The US credit card business – reloaded"
Banking, Bankruptcy/Insolvency/Restructuring, Public Policy, Regulation
London Banks Set To Write Living Wills

By Ainsley Brown on October 26, 2009

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… Continue reading "London Banks Set To Write Living Wills"
Banking, Bankruptcy/Insolvency/Restructuring, Commercial Awareness, debt
Lehman Brothers’ Europe Administrator Has A “Plan B” For Creditors

By Ainsley Brown on October 12, 2009

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… Continue reading "Lehman Brothers’ Europe Administrator Has A “Plan B” For Creditors"
Banking, Commercial Awareness, debt, Entrepreneurial, Finance, Securities, Sports
Leicester Tigers To Float Debt

By Ainsley Brown on September 30, 2009

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… Continue reading "Leicester Tigers To Float Debt"

Category: Banking