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The Australian High Court has ruled in favour of protecting Australians, including Australian business, from the over reaching power exerted by quasi-judicial bodies and tribunals. The High Court has kicked in the teeth of the NSW WorkCover Authority,…
Zimbabwe’s Prime Minister Morgan Tsvangirai rejected legislation signed into law by President Robert Mugabe that forces companies to sell more than half of their shares to black investors, saying it would “scare off” foreigners. “The regulations would have…
Transparency International’s 2009 Corruption Perceptions Index (CPI) shows 180 countries ranked according to their perceived level of public sector corruption. The Corruption Perceptions Index (CPI) table shows a country’s ranking and score, the number of surveys used to…
For the purpose of protecting domestic interests, most states limit taxpayers’ ability to recognize interest on loans or credits as expenses reducing corporate profit tax payments, particularly where such interest is paid to a related entity outside the…
The Australian government approved legislation to tighten rules preventing foreign investors from using complex takeover arragements to bypass relevant laws to gain control of an Australian company. The changes, approved yesterday, mean financial instruments such as convertible…
In the summer of 2009, the Russian legislative authorities amended the federal legislation in order to recognize the validity of agreements among shareholders of Russian joint-stock companies. The Amendments recognize shareholders agreements as a special contractual type and…
The Rudd government appears to be changing its tune, when the Minister for Corporate Law, Chris Bowen, released a set of proposals to reform insolvency law to give company directors more protection from distressed companies and enhance the…
Following the inextricable match towards the socialist utopia, and the destruction of the Venezuelan economy, President Hugo Chavez announced the seizure of French-Colombian supermarket chain Exito, on the grounds that it had broken the law by raising prices…
A standoff between Argentina’s government and central bank has sharpened debate in neighboring Brazil over the need for Congress to pass a bill making the country’s central bank formally independent. While most developed nations struggle to ascertain the…
