Archive for the ‘Miscellaneous’ Category

The Life and Work Balance Concept is Outdated

Thursday, December 22nd, 2011

Although this is not a tax topic, it will influence the way we think and will probably make life less taxing. The authors of Tribal Leadership declare work-life balance as a nonsense concept. According to them if you let it, it will damage your career, hurt your family, make your life mediocre and make you feel guilty all the time.

The article published recently in Money Watch is included below.

In 2000, my Tribal Leadership co-author John King and I devoted a chapter in The Coaching Revolution to why work-life balance was an idea whose time had passed. More than a decade later, with global social and economic problems on the rise, it’s time to leave the “work-life balance” concept on the scrap heap of history and move on to a better model. For those who have been living in a cave for the last 20 years, work-life balance is the idea that work and life are two different spheres, both wanting more time than you have to give.

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U.S. Court Rules Email Interception Order Violates Public Policy

Monday, December 19th, 2011

As reported in Conflict of Laws the interception of email communications by any Government may be deemed illegal in the US.

On July 22, 2011, the U.S. Bankruptcy Court for the Southern District of New York held in In re Dr. Jürgen Toft, Debtor in a Foreign Proceeding that a German Mail Interception Order issued in the context of German insolvency proceedings violates U.S. public policy and would thus be denied recognition. (more…)

Tax Inspections are More Frequent and Aggressive

Friday, November 25th, 2011

Audits are more frequent and aggressive, and thus more costly to defend or litigate; assessments and penalties have now entered the realm of billions of dollars; and companies face unprecedented scrutiny and reporting of their tax affairs by advocacy groups and the news media, often hurting brand reputation and — in the worst cases — shareholder value, even when such coverage is unwarranted or inaccurate.

We surveyed all three parties in July and August 2011, and their responses form the basis of the Ernst & Young 2011–12 Tax risk and controversy survey.

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Middle East HNWIs Trust Their Children Highly in Management

Monday, November 21st, 2011

The latest report from the Barclays Wealth Insights series - The Transfer of Trust: Wealth and Succession in a Changing World said that high net worth individuals (HNWIs) in the Middle East showed the highest levels of trust in their children to manage and protect their wealth.

Based on a global survey of more than 2,000 high net worth individuals, the report provides an in-depth examination of wealthy individuals’ attitudes toward wealth transfer and succession planning, as well as offering an insight into what the future holds for the next generation. It also looks at how wealth in many cases can act as a double-edged sword, leading to distrust and conflict. (more…)

ICC Launch Revised Rules of Arbitration

Wednesday, September 14th, 2011

The International Chamber of Commerce (ICC) has launched a revised version of its Rules of Arbitration. The new Rules will come into force on 1 January 2012. (more…)

Jurisdiction for domain names

Thursday, August 11th, 2011

From Conflicts of Law Net I got this interesting case discussing the jurisdiction applicable to a domain name dispute. What are the potential tax consequences of this case?

If a domain name jurisdiction is that of its registration, may we infer that a tax presence could be deemed too? The legal reasoning of this case pave the road for this concluding statement. (more…)

Writing Off Debt of dubious provenance vs Raising taxes to asphyxiate the Economy

Wednesday, August 10th, 2011

Events are moving quickly in Europe this week and  politicians are talking rubbish about raising taxes in a state of desperate panicking, instead of addressing the fundamental problem, which in my view is writing off effective bad debt.

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Professor Paul Lagarde to receive Hague Prize for International Law 2011

Monday, August 8th, 2011

The Hague Prize for International Law 2011 will be awarded to Professor Paul Lagarde, from Paris, France, “in view of [his] outstanding contribution to the study and promotion of private international law”.

The award was announced by Dr. Bernard Bot, Chairman of The Hague Prize Foundation. Dr. Bot said: “Mr. Lagarde is one of the most important contributors to the work of the Hague Conference on Private International Law. Professor Lagarde also performed an important role in the development of private international law within the European Union, for which his Hague work was an important source of inspiration.” Amongst his many other activities Professor Lagarde enriched the work of the Hague Conference through his participation as expert, delegate, chairman and reporter for the Conference.

This prestigious prize was established in 2002 by the municipality of The Hague and is awarded by the independent Hague Prize Foundation, ”to physical persons and/or legal persons who – through publications or achievements in the practice of law – have made a special contribution to the development of public international law and/or private international law or to the advancement of the rule of law in the world”. The prize consists of a medal of honour, a certificate and a monetary amount of € 50,000.

The first recipient of the prize was Professor Shabtai Rosenne in 2004. Professor M. Cherif Bassiouni received the prize in 2007, and in 2009 the prize was awarded to Dame Rosalyn Higgins.

Mayor Jozias van Aartsen of The Hague will present the prize to Professor Lagarde on Wednesday 21 September 2011 at a ceremony to be held in the Peace Palace.

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