THINGS YOU MAY HAVE MISSED – SEPTEMBER 22

Back on wanderings again, so forgive any shortcomings, repetitions, delays etc…

22nd September 2019

 ANTI-NARCOTICS POLICE IN PANAMA BURN 26 TONS OF COCAINE AND MARIJUANA

On 22nd September, the Daily Mail reported that the haul – 24.3 tons of cocaine and 1.8 tons of marijuana – had been seized by the authorities in different operations between June and September and was probably destined for the US.  It was the biggest single destruction of drugs in Panama’s recent history. 

https://www.dailymail.co.uk/news/article-7490425/Anti-narcotics-police-Panama-burn-26-tons-cocaine-marijuana.html

Meanwhile –

COSTA RICA SEIZES 2.5 TONS OF COCAINE IN OPERATIONS ON PANAMA BORDER

The Tico Times on 21st September reported that Costa Rican authorities seized 2.5 tons of cocaine in 2 separate operations carried out on the Pacific and Caribbean coastlines – 1½ tons of cocaine in a container that arrived at the Caribbean port of Moín from Panama; and a ton of cocaine was confiscated by the Border Police from a boat that ran aground in Punta Burica, in the South Pacific, near the border with Panama.

https://ticotimes.net/2019/09/21/costa-rica-seizes-2-5-tons-of-cocaine-in-two-operations

And –

TON OF COCAINE SEIZED IN MANGROVE GROVE IN PANAMA

Newsroom Panama reported that Panama’s National Aeronaval Service  seized a ton of cocaine in 1,998 packages on 1st September, just after the destruction of 26 tons of narcotics (above), in 3 stashes in underground caves in a mangrove area.  It says that, so far in 2019, the security body has seized about 29 tons of drugs, mainly cocaine, in 50 operations on the Caribbean and Pacific coasts.  

https://www.newsroompanama.com/news/ton-of-cocaine-seized-in-mangrove-grove

 PANAMA: THE BLUE APPLE BRIBERY SCANDAL

On 19th September, Newsroom Panama reported that many of the 59 people charged in the Blue Apple bribery case were part of the inner circle of former President Ricardo Martinelli or had strong ties to his administration.  These included his wife and 2 sons. It says that, in total, there are 50 people charged with money laundering, 10 for corruption, 1 for falsification of documents and 24 for illegal association to commit crimes; and many of the accused have already been investigated for other high-profile cases such as the Odebrecht scandal.  Blue Apple Services Inc, was established in 2003 and opened accounts in Panamanian banks in which a group of constructors deposited money, was a company set up to receive bribes from companies bidding for government contracts 2009-14.  The scandal appeared in 2017, following the Panama Papers and Odebrecht bribery revelations.  On 16th September, it was reported that $35 million had been recovered, chiefly through agreements.

https://www.newsroompanama.com/news/martinelli-family-and-friends-head-list-of-59-bribery-suspects

 INDIA: AUTHORITIES SEIZE 3 CHIMPANZEES AS ASSETS IN MONEY LAUNDERING CASE

One India on 22nd September reported that the Enforcement Directorate has “attached” 3 chimpanzees and 4 marmosets under the Prevention of Money Laundering Act as part of a money laundering probe against a suspected wildlife smuggler.  The animals were seized at the suspect’s house. 

https://www.oneindia.com/india/why-the-ed-decided-to-attach-3-chimpanzees-as-part-of-its-money-laundering-probe-2951972.html

 THE SAMER FOX NETWORK SUPPORTING THE ASSAD REGIME IN SYRIA

C4DS has produced a report on the network involving Samer Foz, 46, his siblings Amer and Husen Foz, and 10 of their businesses in Syria, Lebanon, and the UAE.  The article says that C4ADS was able to identify 18 unsanctioned companies – in Turkey, Lebanon and UAE – that are likely linked to Samer Foz using OFAC and other publicly-available information.  These could enable the Foz network to continue its support for the Assad regime and profit despite US sanctions, it says, and could also help the Foz siblings protect their assets from Assad’s regime and benefit from the Syrian reconstruction process.  He has not always had a low profile, in August 2018, for example, the Wall Street Journal profiled him, saying that “Samer Foz has managed the rare feat amid the ravaged nation’s wartime economy of getting rich without getting sanctioned”.  However, OFAC did then list him. In June 2019, The Times reported that Samer Foz was the director of a UK company that acts as his agent but also apparently runs a TV station and propaganda website through 2 other companies.  He was said to profited from land taken from families who have fled the Syrian war.

https://c4ads.org/blogposts/2019/9/16/the-henchmans-dilemmas-the-logic-of-the-samer-foz-network

https://www.wsj.com/articles/out-of-syrias-chaos-a-tycoon-builds-a-fortune-1534100370

https://insidearabia.com/samer-foz-the-syrian-tycoon-who-built-a-fortune-on-the-misfortune-of-his-people/

 

THE SAMER FOX NETWORK SUPPORTING THE ASSAD REGIME IN SYRIA

C4DS has produced a report on the network involving Samer Foz, 46, his siblings Amer and Husen Foz, and 10 of their businesses in Syria, Lebanon, and the UAE.  The article says that C4ADS was able to identify 18 unsanctioned companies – in Turkey, Lebanon and UAE – that are likely linked to Samer Foz using OFAC and other publicly-available information.  These could enable the Foz network to continue its support for the Assad regime and profit despite US sanctions, it says, and could also help the Foz siblings protect their assets from Assad’s regime and benefit from the Syrian reconstruction process.  He has not always had a low profile, in August 2018, for example, the Wall Street Journal profiled him, saying that “Samer Foz has managed the rare feat amid the ravaged nation’s wartime economy of getting rich without getting sanctioned”.  However, OFAC did then list him.  In June 2019, The Times reported that Samer Foz was the director of a UK company that acts as his agent but also apparently runs a TV station and propaganda website through 2 other companies.  He was said to profited from land taken from families who have fled the Syrian war.

https://c4ads.org/blogposts/2019/9/16/the-henchmans-dilemmas-the-logic-of-the-samer-foz-network

https://www.wsj.com/articles/out-of-syrias-chaos-a-tycoon-builds-a-fortune-1534100370

https://insidearabia.com/samer-foz-the-syrian-tycoon-who-built-a-fortune-on-the-misfortune-of-his-people/

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

PANAMA: THE BLUE APPLE BRIBERY SCANDAL

On 19th September, Newsroom Panama reported that many of the 59 people charged in the Blue Apple bribery case were part of the inner circle of former President Ricardo Martinelli or had strong ties to his administration.  These included his wife and 2 sons.  It says that, in total, there are 50 people charged with money laundering, 10 for corruption, 1 for falsification of documents and 24 for illegal association to commit crimes; and many of the accused have already been investigated for other high-profile cases such as the Odebrecht scandal.  Blue Apple Services Inc, was established in 2003 and opened accounts in Panamanian banks in which a group of constructors deposited money, was a company set up to receive bribes from companies bidding for government contracts 2009-14.  The scandal appeared in 2017, following the Panama Papers and Odebrecht bribery revelations.  On 16th September, it was reported that $35 million had been recovered, chiefly through agreements.

https://www.newsroompanama.com/news/martinelli-family-and-friends-head-list-of-59-bribery-suspects

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

THINGS YOU MAY HAVE MISSED – SEPTEMBER 21

21st September 2019

US: CFIUS PROPOSES RULES TO IMPLEMENT FIRRMA

An article in the National Law Review on 21st September says that the Committee on Foreign Investment in the United States (CFIUS) will focus its review on investments in critical technology, critical infrastructure, and sensitive personal data.  It has published 2 separate proposed rules that will implement many of the changes to US foreign investment review outlined in the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA), introduce greater jurisdictional scope to CFIUS while clarifying certain exceptions and carve-outs, and including one clarifying controls on real estate investments.  The article provides detail of the proposals and their effects.

https://www.natlawreview.com/article/cfius-proposes-rules-to-implement-firrma

US: HOW MACHINE VISION COMPANIES CAN STAY FLEXIBLE WITH ITAR AND SIMILAR EXPORT CONTROL FRAMEWORKS

An article in Vision Systems Designs on 20th September recommends that even manufacturers not currently subject to regulatory frameworks under the International Traffic in Arms Regulations (ITAR) and Export Administration Regulations (EAR). Regulations apply, for example, to current products on the US Munitions List (USML) or Commerce Control List (CCL), should have a plan in place.  It says that for machine vision and imaging companies, the aerospace and defence market can represent significant revenue opportunity and even the impetus for design advancements and technological breakthroughs. Companies participating in this market, however, may be subject to regulations such as ITAR and EAR; for example, to current products on the USML or CCL.  Many vision and imaging companies provide products that are often part of larger systems in a supply chain where either the direct customer or ultimate customer is in the defence field.  The article recommends that, even if not bidding for contracts that would include such regulatory concerns, companies should have plans in place, in case of future developments.  It emphasises that the regulations stipulate that any technical data deemed controlled by ITAR or EAR be under export control – i.e. the technical data must not be exported at any point during design or production (or sustaining activities) unless covered under an export licence; and that the regulations ensure that companies have tight control over all regulated technical data, including what’s referred to as controlled unclassified information (CUI).

https://www.vision-systems.com/cameras-accessories/article/14040293/how-machine-vision-companies-can-stay-flexible-with-itar-and-similar-frameworks

https://www.jdsupra.com/legalnews/expanding-the-national-security-review-76921/

ITAR

BRITISH COLUMBIA SECURITIES COMMISSION IMPOSES $1.7 MILLION OF FINANCIAL PENALTIES ON 3 MEN AND 2 MORTGAGE INVESTMENT COMPANIES AFTER FINDING THAT THEY COMMITTED FRAUD

On 20th September, Investment Executive reported that Patrick K. Prinster and David Scott Wright were each ordered to pay $250,000 and Donald Bruce Edward Wilson was ordered to pay $150,000 for diverting investors’ funds from mortgages secured by real estate, which was the purpose described in marketing materials.  Prinster, Wright and Wilson were also permanently banned from the various regulated activities.  Financail penalties of $561,479 were also imposed on DominionGrand II Mortgage Investment Corporation, and $500,961 on DominionGrand Investment Fund Inc.

https://www.investmentexecutive.com/news/from-the-regulators/bcsc-imposes-1-7-million-in-financial-sanctions-for-fraud/

TURKEY RETURNS SMUGGLED ARTEFACTS TO IRAQ

Daily Sabah on 21st September reported that Turkish authorities have returned 80 ancient artefacts ranging from silk carpets to candle holders to Iraq, about 11 years after they were seized from smugglers.  They had been sent to a archaeology museum where they were preserved.  After they were identified as Iraqi origin Iraq formally made a request for their return.  Artefacts include 20 silk carpets, 49 pieces of furniture, 2 primitive heaters, 2 pieces of a door, a closet, 2 chests, 4 candle holders.  Also handed over was a cylindrical seal of Iraqi origin dating back to 2,000 BC was also discovered to be Iraqi origin and was kept in a museum in Ankara.

https://www.dailysabah.com/turkey/2019/09/21/turkey-returns-smuggled-artifacts-to-iraq

NEW ZEALAND: AML LAWS COSTING REAL ESTATE INDUSTRY ‘MULTI-MILLIONS’

On 21st September, Radio New Zealand reported that the cost of implementing a raft of new laws has cost the real estate industry tens of millions of dollars, the Real Estate Institute has said.  A survey of 1,861 real estate professionals around the country found 59% cited changing regulation as their top concern, whereas 2 years ago it was 6th on the list.

https://www.rnz.co.nz/news/national/399296/anti-money-laundering-laws-costing-real-estate-industry-multi-millions

UK GAMBLING COMMISSION IMPOSE £1.8 MILLION FINE ON LAND-BASED CASINO OPERATOR FOR AML FAILINGS

On 20th September, CMS Law reported that the Gambling Commission had issued Silverbond Enterprises Limited a £1.8 million fine, an operator licence warning and additional conditions added to its licence following an investigation into the operation of Silverbond’s Park Lane Club for failings relating to money laundering.  In particular, it is mentioned that the licensee had failed to apply enhanced due diligence (EDD) to their top 250 customers – one example was the failure to identify a customer as a Politically Exposed Person (PEP).  There were also findings that the operator failed to fully comply with social responsibilities, and that the operator had failed to recognise the indicators of potential problem gambling.

https://www.cms-lawnow.com/ealerts/2019/09/gambling-commission-impose-1-point-8-million-fine-on-park-lane-club-operator?_ga=2.196473900.1832454755.1569052695-1120114776.1520330292

 

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

OTHER THINGS YOU MAY HAVE MISSED – SEPTEMBER 20

20th September 2019

GERMAN INTELLIGENCE: IRAN ATTEMPTED TO ACQUIRE WMD

On 19th September, Algemeiner carried an article saying that Iranian academics in Germany sought to gain knowledge about nuclear proliferation in attempt by the regime to obtain WMD in 2018, according to a new German intelligence report.  According to an intelligence agency, visiting professors from states such as Iran, North Korea and Pakistan are connected to “proliferation conduct” that is co-ordinated with intelligence services from those countries.

https://www.algemeiner.com/2019/09/19/german-intel-iran-attempted-to-acquire-weapons-of-mass-destruction/

UKRAINE: THE MOTOR SICH AIRCRAFT ENGINE FACTORY AND ITS COVERT TIES TO RUSSIA

On 19th September, the Eurasia Daily Monitor from the Jamestown Foundation reported that the Security Service of Ukraine (SSU) has launched a pre-trial investigation against representatives of Motor Sich, one of the largest manufacturers of engines for airplanes and helicopters in the post-Soviet space, over its alleged “subversive activities” against Ukraine, alleging that Motor Sich had supplied military hardware and dual-use products to Russia.  Previously, it was alleged that one of its factories funded the Moscow-backed Donetsk People’s Republic (DPR) by paying “taxes” to the militants.  Motor Sich is a producer of turbine blades for helicopters, attack aircraft and civil engines.

https://jamestown.org/program/the-motor-sich-factory-and-its-covert-ties-to-russia/

SMUGGLED ARCHAEOLOGICAL ITEMS TO BE RETURNED FROM GERMANY TO BULGARIA

The Sofia Globe reported that archaeological finds acquired through illegal excavations and illegally exported from Bulgaria are being returned from Germany.  They were confiscated after an attempt to sell them on the antique market.

https://sofiaglobe.com/2019/09/19/smuggled-archaeological-items-to-be-returned-from-germany-to-bulgaria/

FORMER EL SALVADOR PRESIDENT SACA GETS 2-YEAR PRISON TERM FOR BRIBERY

Swissinfo on 20th September reported that Elias Antonio Saca, 54, president in 2004-2009, and who is already serving a 10-year prison sentence for misuse of public funds and money laundering, was found guilty of having offered $10,000 to a court employee to obtain information about a case against him.

https://www.swissinfo.ch/eng/former-el-salvador-president-saca-gets-two-year-prison-term-for-bribery/45242468

BELGIUM JOINS EU MECHANISM TO TRADE WITH IRAN

On 20th September, KYC 360 reported that Belgium’s is to obtain membership of INSTEX, the EU special purpose company that is required to allow trade with Iran despite American sanctions.

https://www.riskscreen.com/kyc360/news/belgium-joins-eu-mechanism-to-trade-with-iran/

BREXIT AND CHEMICALS REGULATION (REACH)

On 19th September, the House of Commons Library published a briefing paper which discusses the EU REACH regulation for chemicals and the potential impacts of Brexit including in relation to a no deal scenario.  It explains that REACH (the Registration, Evaluation, Authorisation and Restriction of Chemicals Regulation) is the main EU legislation for the regulation of chemicals in the EU.  It requires substances that are manufactured or imported into the EU to be registered with the European Chemicals Agency (ECHA).  It then provides a framework to control or restrict the use of hazardous substances based on those registrations. REACH applies in all EEA Member States (the EU plus Norway, Iceland and Lichtenstein).  It also points out that the chemical industry is a key manufacturing sector in the UK, accounting for 8.6% of total UK goods exports.

http://researchbriefings.files.parliament.uk/documents/CBP-8403/CBP-8403.pdf

NO-DEAL BREXIT: FURTHER PORTS WILL BE DESIGNATED FOR MOVEMENT OF CITES PROTECTED ANIMALS AND PLANTS

On 19th September, a news release from DEFRA advised that the UK Government has issued updated advice on moving internationally protected animals and plants, including types of fish, birds and rosewood, in the event of a ‘no deal’ EU exit.  Belfast Seaport, Dover, Eurotunnel and Holyhead will be designated.

https://www.gov.uk/government/news/no-deal-eu-exit-advice-further-ports-will-be-designated-for-movement-of-protected-animals-and-plants

ARGENTINA TRIAL REVEALS CITY CORRUPTED BY MARIJUANA TRAFFICKERS

On 19th September, Insight Crime published an article saying that a high-profile Argentine drug lord is accused of colluding with a vast network of local politicians and police officers to transport large quantities of marijuana in one of the most significant narco-politics trials in the country’s recent memory.  The list of the accused reveals just how thoroughly the local officials were corrupted, and includes a former mayor, a deputy mayor and senior police officials.  The city involved is Itati, on the border with Paraguay.

ARGENTINA

https://www.insightcrime.org/news/analysis/argentina-itati-trial-narco-politics/

AUSTRALIAN GOVERNMENT ANNOUNCES FOREIGN INFLUENCE TASKFORCE FOR UNIVERSITIES

On 19th September, Baker McKenzie reported that, in August, Australia’s Minister for Education announced the establishment of the Taskforce to Protect Universities from Foreign Interference (Taskforce) which will target 4 key strategic areas include: cybersecurity, research and intellectual property, foreign collaboration, culture and communication.  The announcement comes amidst growing concerns around the targeting of research and intellectual property at Australian universities by foreign adversaries.

https://globalcompliancenews.com/australian-government-announces-foreign-influence-taskforce-universities-20190912/

FIRST UK CONVICTION FOR FIREARMS MANUFACTURE USING A 3D PRINTER

On 19th September, Police professional reported that a man has been jailed for 3 years in what is believed to be the first conviction and sentencing in the UK for manufacturing a firearm using a 3D printer.  Tendai Muswere, 26, was arrested in October 2017.

https://www.policeprofessional.com/news/first-uk-conviction-for-firearms-manufacture-using-a-3d-printer/

US: HYUNDAI TO PAY $47 MILLION FINE FOR ILLEGAL DIESEL ENGINE IMPORTS

American Shipper on 19th September reported that the manufacturer installed diesel engines in construction equipment that failed to meet emissions standards under the Clean Air Act when imported into the US from 2012 to 2015.  The DoJ and Environmental Protection Agency (EPA) have reached an agreement with Hyundai Construction Equipment Americas and Hyundai Industries Co Ltd. for the companies to pay a $47 million civil penalty for importing diesel engines that were not certified to meet Clean Air Act emissions standards.

https://www.freightwaves.com/news/hyundai-to-pay-47-million-fine-for-illegal-diesel-engine-imports

US: ENTRY INTO FORCE OF TAX PROTOCOLS WITH LUXEMBOURG AND SWITZERLAND

On 20th September, a news release from the US Treasury advised that the protocols bring the existing tax treaties with Luxembourg and Switzerland into closer conformity with current US tax treaty policy to allow for greater tax information exchange that will enhance efforts to bolster tax compliance and combat tax evasion; and, with protocols with Japan and Spain, are the first updates to US income tax treaties in nearly 10 years.

https://home.treasury.gov/news/press-releases/sm781

US AIR FORCE PUSHES 3D PRINTING TO BOOST READINESS

On 20th September, Breaking Defense reported that the USAF is working to ensure that far-flung depots eventually can print their own parts – with a recent first being at Travis AFB, using a brand, spanking new laser printer to print those toilet seat covers built of a new-fangled polymer from its own brand-new printer.

https://breakingdefense.com/2019/09/air-force-pushes-3d-printing-to-boost-readiness

CHINA DETAINS FORMER US AIR FORCE PILOT FLYING FOR FEDEX

On 20th September, the Wall Street Journal reported that a former USAF colonel named Todd A Hohn, was held while waiting for a commercial flight to his home in Hong Kong after flying deliveries throughout Asia from the FedEx regional hub in Guangzhou, people familiar with the matter say.  He was said to have been carrying non-metallic pellets used in low-power replica air guns in a checked bag.

https://www.wsj.com/articles/fedex-pilot-detained-by-police-in-southern-china-sources-11568906801

US: SALES OF ILLICIT VAPING PRODUCTS FIND HOME ONLINE

On 20th September, the Wall Street Journal reported that a market for illicit cannabis-vaping products and the tools to create counterfeits with users offer products from cannabis oils to vaping devices and packaging materials, and third-party sellers offering empty packaging for vape products.  Other sellers offer vaping products containing THC.

https://www.wsj.com/articles/sales-of-illicit-vaping-products-find-home-online-11568971802

LAUNCH OF HONG KONG’S NEW X-RAY SCREENING RULE FOR AIR CARGO HAS BEEN DELAYED 

On 20th September, Loadstar reported that the delay was due to concerns over the city’s ailing economy and potential supply chain disruption and that the phased implementation of the ICAO security requirement – starting with 25% screening of all shipments – would be postponed from November until January 2020.  

https://theloadstar.com/hong-kong-delays-air-cargo-screening-programme-as-economy-and-air-trade-falter

CANADA: LEGAL UNCERTAINTIES HAMPERS TRANSPORT OF CANNABIS PRODUCTS BY AIR

On 20th September, Loadstar reported that since Canada legalised the recreational use of cannabis a year ago, airfreight carriage is booming, including an 800,000 sq ft production facility located at Edmonton International Airport.  However, much of its output is not for domestic consumers but medical grade cannabis shipped to international destination markets that have legalised the medical use of the substance.   Some airlines are nevertheless not getting involved due to legal uncertainties, and IATA is not likely to address this issue any time soon.  For example, Air Canada carries cannabis on domestic sectors but has not taken it on international flights.

https://theloadstar.com/clouds-fog-cannabis-shipments-causing-headache-for-carriers

BRITISH AMERICAN TOBACCO ISSUED WITH £900 MILLION DUTCH TAX BILL: ACCUSED OF AVOIDING TAX ON MONEY CHANNELLED VIA NETHERLANDS

On 20th September, the Guardian reported that BAT is said to owe £902 million in unpaid taxes, as the maker of Rothmans, Camel and Lucky Strike cigarettes is accused of avoiding tax on money channelled through the Netherlands 2003-16, and concerns internal fees paid by Dutch subsidiaries for loans provided by its UK holding company.

https://www.theguardian.com/business/2019/sep/20/british-american-tobacco-issued-with-900m-dutch-tax-bill

TAIWAN HAS PROPOSED AMENDING ITS LAWS TO CRIMINALISE ONLINE GAMBLING

On 20th September, Calvin Ayre reported that Taiwan has proposed amending its laws to criminalise online gambling, potentially exposing individual gamblers to fines of up to $1,600 and to make it a crime for any citizen to gamble using “telecommunications equipment, electronic communications, internet or other similar means”.  The Ministry was reportedly prompted to act after several court cases involving individuals accused of gambling online were overturned on appeal, due to the country’s pre-Internet laws.  Meanwhile, police arrested 67 local residents and 7 Chinese nationals operating a China-facing online gambling operation, thought to be Chinese-funded.

https://calvinayre.com/2019/09/20/business/taiwan-stiffer-fines-online-gamblers/

OECD: TAXES ON POLLUTING FUELS ARE TOO LOW TO ENCOURAGE A SHIFT TO LOW-CARBON ALTERNATIVES

A news release from OECD on 20th September said that taxing polluting sources of energy is an effective way to curb emissions that harm the planet and human health, and the income generated can be used to ease the low-carbon transition for vulnerable households – but 70% of energy-related CO2 emissions from advanced and emerging economies are entirely untaxed, offering little incentive to move to cleaner energy, according to a new OECD report.  The report also says that taxes on road fuel are relatively high yet rarely fully reflect the cost of environmental harm, especially with some road transport sectors offered preferential rates.  Taxes on coal – which is behind almost half of CO2 emissions from energy – are zero or close to zero in most countries.  Taxes are often higher on natural gas, which is cleaner.  For international flights and shipping, fuel taxes are zero, meaning long-haul frequent flyers and cargo shipping firms are not paying their fair share.

TEU2019_en-420

http://www.oecd.org/newsroom/taxes-on-polluting-fuels-are-too-low-to-encourage-a-shift-to-low-carbon-alternatives.htm

WHAT IS A ‘REASONABLE ENDEAVOURS’ OBLIGATION, AND IS IT A SENSIBLE SOLUTION?

A briefing from law firm Walker Morris LLP on 18th September explains what a party needs to do to comply with a ‘reasonable endeavours’ obligation under a contract, and considers whether endeavours clauses are always a sensible solution.  It poses the question of what can be learned from recent endeavours obligation cases?

https://www.walkermorris.co.uk/publications/what-is-a-reasonable-endeavours-obligation-and-is-it-a-sensible-solution/

HONG KONG: COUNTERFEIT GOODS SEIZED AT JEWELLERY FAIR

On 20th September, Inside Retail Hong Kong reported that Customs has conducted an operation against the sale of counterfeit goods at a fair held at AsiaWorld-Expo and seized suspected counterfeit jewellery, having received information alleging that counterfeit jewellery was displayed for sale at a booth of the Hong Kong Jewellery and Gem Fair held at AsiaWorld-Expo.  3 company directors were detained.

https://insideretail.hk/2019/09/20/counterfeit-goods-seized-at-jewellery-fair/

NORTH KOREA PLANS ITS OWN BITCOIN

Fintech Futures on 20th September reported that DPRK is in the early stages of developing its own cryptocurrency in a bid to avoid crippling international sanctions and to circumvent the US-dominated global financial system.

https://www.fintechfutures.com/2019/09/north-korea-plans-its-own-bitcoin/

 

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y