Archive for June, 2008
Next Entries »UK Banks now responsible for Overseas Credit Card purchases
Saturday, June 7th, 2008Quite a number of our readers (about 30% I believe) are UK residents. Those who travel outside the UK will be interested to read this case, which makes it much easier to sue your UK credit card company in the case of any problems overseas…
Date:
19 February 2008
Specialist travel and tourism solicitor Andrew Morton at Manchester [...]
Grenada to re-open for Offshore Banking
Friday, June 6th, 2008The Caribbean island of Grenada, one of the more scandal-plagued offshore banking centres, is trying to get back into the business. So reports the Christian Science Monitor this week, anyway.
That said, I couldn’t find any other source referring to this, which is odd. Maybe that’s because Grenada hasn’t yet decided which niche to go for:
Angus [...]
Borrowing and Lending Money: Do it the Right Way
Wednesday, June 4th, 2008Recent mails from clients reporting unfortunate experiences, and items in the news reminded me of the saying “neither a borrower nor a lender be.” How many of you knew that this quotation is from Shakespeare’s Hamlet? And how many of you knew how the phrase continues?
For loan oft loses both itself and friend, And borrowing [...]
Panama’s answer to the LLC
Monday, June 2nd, 2008An SRL, or Sociedad de Responsibilidad Limitada, is a Panamanian structure comparable to a limited liability partnership (UK) or a Limited Liability Corporation (USA). It is less known internationally than the normal Panama S.A. corporation, but can offer some significant advantages in certain cases.
Legal Foundation of Panamanian SRL
SRLs are governed by the Commercial Code and [...]