“Commercial Awareness Is Global.”
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
By: Ainsley Brown The trade skirmish that has erupted between China and the European Union over shoe tariffs has been one that I have being following very closely here on Commercial Law international. And, yes you guessed it, each side continues to exchange salvoes; the latest being China moving from the consultative stage of the World Trade Organization’s (WTO) dispute
By: Ainsley Brown As previously reported in another post, four white farmers who had their farms unlawfully seized under the regime of President Robert Mugabe are to seek and by all accounts gain compensation in South Africa. Well, I am please to report that the farmers have indeed gotten – some measure of – justice in South Africa. Justice for the
By Charles Wanguhu The town of Lamu began life as a 14th century Swahili settlement and is described in the official tourism website: “Lamu is a place like no other, a peaceful tropical island where life is lived at it’s own relaxed rhythm. a beautiful place of rolling dunes and endless beaches, where tiny villages nestle among coconut and mango
By: Eran D. Grossman Yes that’s right. With growing concern about a commercial real estate bust and home prices continuing to fall, real estate stocks are soaring. What you say? Shares of Real Estate Investments Trusts, a/k/a REITs, are lucrative investment vehicles thus far in 2010. The IShares Dow Jones Real Estate exchange-traded fund, which owns about seventy-five real estate
By: Ainsley Brown The investment banker who turned down €7.9 million in severance to sue for over €10 million has won his case against the French bank Société Générale (SocGen). The banker in question, Mr. Raphael Geys, was the head of SocGen’s London based European fixed income financial sales division until 2007 when he was given the sack. Mr. Geys
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 Judge David Hammerschlag – German for hammer blow – does just that, delivers a hammer blow to the investment bank JP Morgan. In the case of JP Morgan Australia Limited v. Consolidated Minerals Limited, Judge Hammer Blow , sorry I just couldn’t resist, I mean Judge Hammerschlag has ruled that the fees the bank charged Consolidated Minerals
By: Omar Ha- Redeye and posted on Slaw on March 23, 2010. Luxury good maker Louis Vuitton Moet Hennessy (LVMH), who produces Moet & Chandon champagne and Dior perfume, claimed that Google’s advertising polices violated their trademark. The practice in question was the use of key words related to brand names by counterfeiters, who would then link to online stores. Based on
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