Kenya presidential decision crossed out by Supreme Court

Kenya’s Supreme Court has abrogated the aftereffect of a month ago’s presidential race, refering to inconsistencies, and requested another one inside 60 days. The decision commission had announced officeholder Uhuru Kenyatta the champ by an edge of 1.4 million votes. Raila Odinga, Mr Kenyatta’s rival, said individuals from the commission had perpetrated a tremendous wrongdoing. President Kenyatta said he couldn’t…

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An overview of the CFTC’s modernized recordkeeping requirements

Overview On May 23, 2017, the U.S. Commodity Futures Trading Commission unanimously approved a revamped CFTC Rule 1.31, which specifies the form and manner that records must be kept by commodities market participants, and a slight modification to CFTC Rule 23.203, which pertains to swaps record retention. This modernized edition of Rule 1.31 aims to simplify and streamline the CFTC’s…

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Q&A: Where next for Brexit?

Overview Formal Brexit negotiations are starting. Whereas the EU is ready and keen to go, the UK elections have thrown a spanner in the works as far as the UK is concerned. The new Government’s position on Brexit is far from clear and we don’t know to what extent there will be a change in approach from the original negotiating…

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Mark Sellers Allegedly Orchestrated a Ponzi Scheme

Investors who believe they may have lost money in activity related to Mark Sellers’ alleged Ponzi scheme are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options. John Elliott has been registered as a financial advisor with Ameriprise Financial Services from November 2011 to September of 2016. Elliott was terminated by…

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More than 60 countries sign OECD multilateral convention to counter base erosion and profit shifting

Overview This week’s signing ceremony for the OECD Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS marks a new and important milestone in the international tax agenda to tackle perceived abusive techniques used by multinational enterprises to lower their global effective tax rate. The Convention is the first multilateral treaty of its kind that allows jurisdictions to…

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Is it the end of the road for the SFO?

Overview The Conservative Party has pledged in its manifesto to incorporate the Serious Fraud Office (SFO) into the National Crime Agency (NCA). As Home Secretary, Theresa May twice tried unsuccessfully to restructure the SFO. In 2011, she proposed sending the SFO’s investigators to the NCA and its prosecutors to the Crown Prosecution Service. In 2014, reports surfaced of her seeking…

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Is the American Dollar going down?

The dollar has fallen steadily since the beginning of 2017, following a sharp rise immediately after President Trump’s election. For instance, the number of euros that can be obtained for one dollar has declined to the lowest level in more than a year. The dollar has also declined against the British pound, the Japanese yen and the Chinese renminbi. Is…

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Donald Trump – with or without?

Ray Dalio, the founder of the Bridgewater hedge fund company, is cutting his exposure to risk because of his concerns about stability in Washington. “While I see no important economic risks on the horizon, I am concerned about growing internal and external conflict leading to impaired government efficiency (e.g. inabilities to pass legislation and set policies) and other conflicts,” Mr.…

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