Internet is “essential” for modern life, according to a German court
"The Internet plays a very important role today and affects the private life of an individual in very decisive ways."
Category: International
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The German Federal Constitutional Court and the European Stability Mechanism
By: Carsten Lexa The German Federal Constitutional Court in Karlsruhe dismissed motions on Wednesday that sought to block the Euro Zone’s permanent bailout fund, the European Stability Mechanism, or ESM. The ESM is designed to handle bailouts and work in tandem with the European Central Bank to buy the bonds of countries, such as Italy and Spain, that are straining… Continue reading "The German Federal Constitutional Court and the European Stability Mechanism"
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Insurance against piracy for shipowners in Germany
By: Carsten Lexa, LL.M. A group of German insurers will help shipowners in cases of war risks. For the first time, shipowners in Germany can get insurance against war risks. Shipowners will be able to insure their cargo ships against the consequences of martial conflict and pirate attacks. Normally, German shipowners insure their cargo ships against these risks in London… Continue reading "Insurance against piracy for shipowners in Germany"
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New Incoterms 2010
By: Carsten Lexa, LL.M. The Incoterms (“International Commercial Terms”) are a series of international sales terms, published by the International Chamber of Commerce (ICC) and widely used in international commercial transactions. These sales terms that govern delivery duties, transportation duties, duties regarding customs clearance and regarding transfer of risk have been revised. They will be published officially at the end of September… Continue reading "New Incoterms 2010"
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Interconnectivity of Continents
By Charles Wanguhu Well with Ash rising over European skies causing all kinds of travel chaos, it is quite suprising and hard to fathom the impact of one volcano is having on the continent of europe and over its neighbours. At the Jomo Kenyatta International Airport in Nairobi a stink has engulfed the main cargo centre where once freshly cut flowers… Continue reading "Interconnectivity of Continents"
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EU and Vietnam Open Formal Trade Talks
By: Ainsley Brown The European Union (EU) and Vietnam have now officially stated free trade talks after Karel De Gucht, the EU Trade Commissioner, met with the Vietnamese Prime Minister, Nguyen Tan Dung in Hanoi. The talks come after the successful conclusion of the 2 year in the making deal signed with South Korea in October of last year. This… Continue reading "EU and Vietnam Open Formal Trade Talks"
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The UK Supreme Court Rules Government’s Terrorist Asset Freezing Powers Illegal
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"
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Will the real Leeds owners please stand up?
By Charles Wanguhu In the current financial crisis the role of offshore havens have been placed in the spotlight and quite rightly so. The lack of transparency in their dealings has meant that these centres have not only been used for tax evasion, money laundering, but also as bases for special purpose entities. The role of British offshore havens has… Continue reading "Will the real Leeds owners please stand up?"