In the current economic climate, perhaps more than ever before, cash is king. Companies supplying goods and services, their debt collection agents and solicitors on their behalf, are all intent on recovering overdue receivables as quickly and effectively as possible. With insolvency staring many debtors in the face, the creditor who is not fast is …
Continue reading “Expedited enforcement in Scotland (and beyond?)”
There is some confusion among practitioners and even regulators with regards to a pledge over ‘commercial premises’ or ‘businesses’. It is important to clarify how a pledge over commercial premises can be legally applied under UAE law from a definition perspective and under basic civil law concepts.
In the recent case of Destiny 1 Ltd v Lloyds TSB Bank plc [2011] the Court of Appeal was asked to consider whether Judge Richard Seymour QC was correct to reject a claim that a legally binding contract had been created where that agreement was one of many in a ‘contractual package’ and the negotiations …
Investment activities between the UK and Germany are substantial. However, until recently, taxpayers resident in these two countries have been encumbered by a rather outdated regime dealing with the avoidance of double taxation. On 30 March 2010, Germany and the UK signed a new version of the Convention for the Avoidance of Double Taxation and …
The European public procurement market is enormous. Governments in the European Union (EU) and in non-EU member states in Europe will invest approximately €4trn in government contracts in 2011. This is also an intriguing market environment for investors outside of Europe, which, as of recently, include those from the United States particularly. Despite these opportunities, …
Continue reading “The FCPA and corruption in government procurement in the CEE”
Legislative drivers and market demands have transformed waste management from a disposal at the lowest price operation to a sophisticated global resource (materials/energy) trading organisation. The transition from disposal to resource recovery and reuse is not without its difficulties, but while the market continues to develop, legislation will continue to drive and encourage the transition …
Businesses and natural persons that trade with Libyan ‘designated persons’ in contravention of the recent targeted economic sanctions, could face prosecution and severe fines. This article focuses on how targeted sanctions have been imposed against Libya by the United Kingdom, United States, European Union and the United Nations, how they operate and what businesses, particularly …