December 2009

What Will 2010 Yield For Mexico’s Banking Industry?

by Shu December 29, 2009 Finance

QThe head of HSBC’s Mexican unit, Luis Pena, said Dec. 2 that he expects a return to growth at Grupo Financiero HSBC as the country emerges from its recession, suggesting that although Mexico’s recovery will be slow, ’2010 will be better than 2009.’ Will Mexico’s banks indeed see growth next year? If so, how strong [...]

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Tribunal Set Up for Claims Related to Dubai World

by Shu December 27, 2009 Alternative Dispute Resolution

Mary Nammour and Zoe Sinclair 15 December 2009 DUBAI – His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, in his capacity as the Ruler of Dubai, issued on Monday a decree establishing a tribunal to settle financial disputes related to Dubai World and its subsidiaries.  The decree came [...]

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China: State Council Spells out Consumption Policies for 2010

by Shu December 9, 2009 Trade

The State Council meeting yesterday spelled out eight consumption policies in 2010. Most of them are in line with market expectations. But two changes can be viewed as negative by the market or some market participants: an effective increase in the auto purchase tax by 2.5ppts, and the resumption of the business tax for sales [...]

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Dubai: A High Rise, Then a Steep Fall

by Shu December 9, 2009 Finance

By CHIP CUMMINS, STEFANIA BIANCHI and MIRNA SLEIMAN DUBAI — As financial crisis roiled much of the world in October 2008, the head of Dubai’s biggest state-owned developer unveiled his latest megaproject: a $38 billion development that would include a tower nearly two-thirds of a mile tall. "I’m sure most of you are asking why [...]

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Judge’s Pursuit of Pinochet Funds Could Open Legal Avenues for Asset Forfeitures

by Shu December 7, 2009 Litigation

A Spanish judge’s use of universal jurisdiction in a case involving a bank’s alleged role in laundering money for Augusto Pinochet could affect how countries cooperate in prosecuting financial crimes. Madrid-based judge Baltasar Garzon has called on the former wife of the deceased Chilean dictator and three employees of Santiago-based Banco de Chile to pay [...]

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The Time Is Now: Chinese Investment In Latin American Infrastructure

by Shu December 3, 2009 Investment

 Xiaomin (Samantha) Hu, Esq. and Chad S. Purdie, Esq.             Infrastructure is what most of us take for granted – roads, utilities, airports, and healthcare sites, and educational facilities. In Latin America, where governments face the age-old problems of budget deficits and strained public debt markets, the trend over the past few decades has been to [...]

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Fraud, Felony and Corruption: Michael Diaz Jr.

by Shu December 1, 2009 Litigation

By Vanessa Garcia   Michael Diaz Jr. doesn’t get much sleep. As an asset hunter, Diaz has been concentrating on the types of cases that have been blaring through news networks nationwide: Ponzi schemes. Through his firm Diaz, Reus & Targ, Diaz assists clients who are trying to recuperate their assets from the likes of [...]

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