“Commercial Awareness Is Global.”
By: Ainsley Brown In Canada an Ontario Superior Court of Justice ruling (McKenna v. Gammon Gold Inc.) has the potential to go viral like the latest YouTube sensation and challenge what can only be called one of the most incestuous relationships in the commercial world. What am I talking about? Well I am referring to the relationship, the very close
By Charles Wanguhu In original multinational thinking the lack of a significant middle class meant that investment in some emerging markets was considered not viable. The financial crisis has sprung up some few suprises. While AIG parent company has been largely reliant on US government funds their subsidiaries in Kenya, South Africa and Uganda have been financially strong and have
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
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
29th April 2009 By Charles Wanguhu Corruption only offers two instances for regulators to step in: at the looting stage where the individuals may seek bribes, dispose of public resources or subvert funds. In an ideal world they are then charged and any monies returned. The second stage is at the laundering stage, where the monies are placed into the
By: Ainsley Brown Switzerland´s second largest bank, Credit Suisse, in a sign of generosity – oh sorry, let me re-phrase that – in a sign of commercial awareness and good customer relations, has decided to compensate clients who suffered losses as a result of the collapse of Lehman Brothers. It is the first investment bank to put forward such a
By: Ainsley Brown The US securities regulator, the Securities and Exchange Commission (SEC), has extended its long arm yet again. This time it was as a part of an operation to locate and then freeze the personal and company assets of Sir Allen Stanford and his Stanford International Bank (SIB). Mr. Stanford – oh sorry I should say Sir Allen
By: Ainsley Brown The troubled – nationalized – UK mortgage lender is back in the news yet again. I guess the headline should have been: Northern Rock, The Never Ending Story. However, the good news this time is that it’s not about shareholders trying to use the Human Rights Act to bring a case against the government for compensation. No,
By: Ainsley Brown I must say that I consider myself a relatively intelligent person – though admittedly not an economic guy – I believe myself able to grasp practically any concept once explained. And the Obama toxic asset plan, I just don’t get it. Please do not read this as either a general criticism of the President or the specific