The General Agreement on Tariffs and Trade (GATT) 1947 functioned as a means of adjusting trade relationships between countries trying to improve their economies. Contracting parties to this agreement have been bound by it to treat other contracting parties on an equal and reciprocal basis as well as to curb protectionism. At the start of 1995‚ the GATT has been succeeded by the World Trade Organization (WTO) and has since been the most important development in international trade. However‚ it is
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Non-compete or non-disclosure agreements are very common amongst big corporations and many businesses. Its purpose is to restrict employees or former employees of a business from disclosing company information or enter in a similar profession with specific regulations such as a certain distance within the former business or a competitor business. These kind of contracts make sense when it comes to higher up positions within a company but as of recently the controversy has risen about big corporations
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The Sarbanes-Oxley Act of 2002 (Public Company Accounting Reform and Investor Protection Act‚ Pub.L. 107-204‚ July 30‚ 2002‚ 116 Stat. 745‚ July 30‚ 2002) was enacted by Congress in the wake of corporate and accounting scandals that led to bankruptcies‚ severe stock losses‚ and a loss of confidence in the Stock Market. The act imposes new responsibilities on corporate management and criminal sanctions on those managers who flout the law. It makes Securities fraud a serious federal crime and also
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high level executives‚ the imposition of very small fines and no prison time for devastating frauds‚ and a lack of independence of external auditors and the board of directors. With this in mind‚ I believe five advantages of the Sarbanes-Oxley Act of 2002 to be: 1. That it holds CEO’s accountable for internal controls so that they cannot claim that they did not know or understand what was happening in their company and place the responsibility for fraud on lower level staff (Section 302 and 404). 2
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corporations such as Enron‚ WorldCom‚ and Hollinger International‚ lawmakers sought to provide regulations that provide oversight on the way corporations report financial data and to ensure that stockholders were protected. The Sarbanes-Oxley Act of 2002 was put in place to combat deceit‚ improve the consistency of financial reporting‚ and reestablish the confidence of investors (Wagner & Dittmar‚ 2006). One of the declaring regulation within this major law is that the management of a company is
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anti-Semitism and Gentleman’s agreement have made their lives hard as Jews. The movie “Gentleman’s Agreement” and “Goodbye‚ Columbus” explore what it is to be a Jew in America in post-World War II. Nevertheless‚ not all Jewish literature is religious; in “Gentleman’s Agreement” and “Goodbye‚ Columbus” we see how deception is used to accomplish their goals conscious and subconsciously deceiving themselves and other along the progression of the text/film. In the film “Gentleman’s Agreement” main character Phillip
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Item IV. Utilizing Emotions Degree of Agreement 1. When my mood changes‚ I see new possibilities. Apabila mood saya berubah‚ saya melihat kemungkinan baru. 1 2 3 4 5 2. When I am in a positive mood‚ solving problems is easy for me. Apabila saya berada dalam mood yang positif‚ menyelesaikan masalah mudah bagi saya. 1 2 3 4 5 3. When I am in a positive mood‚ I am able to come up with new ideas. Apabila saya berada dalam mood yang positif‚ saya dapat datang dengan idea-idea baru. 1 2 3 4 5 4. When I
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ISSUE: Is there a legally enforceable contract for the sale of gold between Terry and Susan? RULES: 1. Social and domestic agreements have a presumption against legal obligations (Balfour v Balfour ). The presumption can be rebutted in a domestic agreement if there is sufficient evidence to demonstrate an intention to create legal relations (Beswick v Beswick ; Errington v Errington ; Parker v Clark ; Riches v Hogben ; Wakeling v Ripley ). 2. An offer must be clear‚ unambiguous‚ and have sufficient
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the advantages and disadvantages‚ in this case‚ of conditional fee arrangement (or conditional fee agreement) The main advantage is cost to the state. Conditional fee agreements cost the state nothing – the costs are entirely borne by the solicitor or the losing party‚ depending on the outcome. By removing huge number of personal injury cases from state funding and promoting conditional fee agreements for them instead‚ the government claims it can devote more resources to those cases which still need
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CONTENTS * WHAT IS GATT ? * HISTORY.. * OBJECTIVE * GATT AFTER 1986 * INDIAS BLUNDER(15TH DEC 1994) * REASON * GATT IN ACTION(ENGULFING INDIA) * PREVENTIVE MEASURES WHAT IS GATT * GATT-General agreement on TRADE and TARRIF. * Older version of WTO. * Formed to solve the international trade disputes. HISTORY OF GATT Following World War II‚ the victor nations sought to create institutions that would eliminate the causes of war. Their principles were
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