23 november in english

This morning’s key headlines from GenerationalDynamics.com Dozens killed in English-speaking Cameroon region by French-speaking government police US Ambassador Peter Barlerin accuses Cameroon government of ‘targeted killings’ Dozens killed in English-speaking Cameroon region by French-speaking government police Twenty-two people were killed on Friday in the Anglophone (English-speaking) region of Cameroon by army and security forces from the Francophone (French-speaking) government of 85-year-old president Paul Biya, who has been in power for more than 35 years. This is the latest violence in a growing civil war in the Southern Cameroons, the Anglophone region of Cameroon. The violence started in November 2016, when peaceful protests began with claims by Anglophone lawyers that the legal and court systems are biased toward Francophones, with many laws passed without even being translated into English. Anglophone teachers joined in, protesting that all courses in the … [Read more...] about World View: Dozens Killed in English-Speaking Cameroon Region by Francophone Government

Following a decision of the French Supreme Court, the Cour de Cassation, in Mme. X v. Banque Privée Edmond de Rothschild,1 the High Court (Commercial Division) has issued a decision confirming that one-sided jurisdiction clauses will be upheld by the English courts. This decision, issued in Mauritius Commercial Bank Limited (MCB) v Hestia Holdings Limited (Hestia) and Sujana Universal Industries Limited (Sujana),2 is of considerable importance to aircraft lessors, lenders and airlines.Nature of the ClauseOne-sided jurisdiction clauses are often included in aviation financing and leasing documents, and provide that:Each of the parties to the document submits to the jurisdiction of the courts of a specified jurisdiction; butAny finance party under a finance document, or the lessor under a lease document, (in either case, Party A) may also pursue the other party (Party B) in any other court.The primary purpose of a one-sided jurisdiction … [Read more...] about English High Court Confirms Enforceability of One-Sided Jurisdiction Clauses in Wake of Rothschild

New Rules, Proposed Rules and GuidanceCFTC Adopts Rule Amendments to Harmonize Compliance Obligations for Commodity Pool Operators of Registered Investment Companies On August 13, 2013, the Commodity Futures Trading Commission (CFTC) adopted final regulations with respect to compliance obligations for commodity pool operators (CPOs) of registered investment companies. The final regulations (the Harmonization Rules) amend Part 4 of the CFTC’s regulations in order to harmonize the disclosure, reporting and recordkeeping compliance obligations of the CFTC and SEC applicable to entities registered with both regulatory agencies. (In February 2012, the CFTC amended CFTC Rule 4.5, which modified the exclusion from the definition of a CPO for funds by imposing limitations on the use of certain commodity interests. For funds no longer able to claim the exclusion from the definition of a CPO, the investment adviser is now required to register with the CFTC, thus becoming subject to … [Read more...] about Investment Services Regulatory Update – November 2013

Spring began last week in the northern hemisphere, inciting optimism that warmer and sunnier days soon lie ahead. Optimism also reigned in the futures industry as a result of the publication of proposed rules by the Shanghai International Energy Exchange that heighten the expectation that non-China-based brokers and traders will soon be permitted to directly trade the exchange’s crude oil futures contract. Meanwhile, ICE Futures U.S. was fined US $3 million by the CFTC for allegedly reporting inaccurate trade, price and other information to the Commission for 325 days, and FINRA proposed a new registration category for algorithmic traders’ top developers and supervisors. As a result, the following matters are covered in this week’s  Bridging the Week :ICE Futures Fined US $3 Million by CFTC for Reporting Errors and Untimely Response to Inquiries;CFTC Grants Hong Kong Part 30.10 Status (includes Compliance Weeds);BIS/IOSCO Delays Rollout of Margin … [Read more...] about Exchange Fined; Algorithmic Traders; Red Flags; China Access- Bridging the Week: March 16 to 20 and 23, 2015

The changes are designed to incentivise businesses to reduce their reliance on migrant workers.On 3 November, the UK government announced changes to the UK immigration rules, implementing revisions that the Migration Advisory Committee previously recommended. The majority of such changes will take effect on 24 November 2016.Tier 2This category allows UK companies to sponsor non-European Economic Area (EEA) nationals to work in a skilled role in the United Kingdom. For some time, the government has been raising the requirements for sponsorship of such workers, and these new changes continue to develop that further. The main changes include the following:The minimum salary threshold for Tier 2 (General) experienced workers will increase from £20,800 to £25,000 (the salary for “new entrants” has been held at £20,800).A temporary exemption to the Tier 2 (General) minimum salary threshold will apply for nurses, medical radiographers, paramedics, and secondary … [Read more...] about November 2016 UK Immigration Update