Insolvency and the Recent Changes in the European Union to Question Essay

Insolvency and the Recent Changes in the European Union to Question Whether the Main Aim Is To Maximize the Collective Returns to Credit - Essay Example The researcher states that there have been some interesting changes to Insolvency law in the EU and subsequently in the UK to give more power to the Creditor. The aim, unlike other regulations, is to not to protect the consumer but to let the creditor maximize the collective returns to credit.   In most circumstances regime shopping within the EU is frowned upon, because there needs to be equality and protection for both parties under the law; however with insolvency law this does not seems to be the case in cross-border insolvency cases, especially with the definition of the centre of the debtor’s main interest (COMI). This concept of COMI has been used to allow the more powerful creditor to choose the regime that best suits their needs to maximize their return on credit. In the US insolvency law seems to more geared towards the creditor regaining their money back, because in good faith they have lent it out. Jackson argues that the assets of the individual should be pooled together and divided amongst the creditors on the strict economic basis to maximize the return of credit to the creditor. This would mean that the laws that offer this maximization of credit should be applied, even if there are different jurisdictions because the debt crosses state or international borders. Therefore this will be illustrated as the approach taken by the EU in regard to the new trans-border insolvency regulations, rather than individual actions for each creditor in differing jurisdictions. The enforcement of individual creditors needs versus the individual debtor's needs is the soft approach that the UK system of law takes and NOT in the best interests of creditors because they should be able to get the maximum return of credit because they are already a loss. Jackson argues this hard economic approach, rather than an approach that considers the interests of the debtor. This is fair because the creditor in good faith has lent this money to the debtor expecting its r eturn; therefore in the case that this is not possible the maximization of this return should be available.

Government Essay Example | Topics and Well Written Essays - 750 words

Government - Essay Example strialized City in heart of this country, a highway was constructed, cutting across the major watershed supporting the City’s underground water supply to reduce into half the travel time from the Export Processing Zone to the International Ship-building Yard on the other side of the island. Hundreds of trees were cut to give way to the approximately 100-kilometer road traversing the mountain ridges. Since, the mountains were already cleared and accessible to motor vehicles, affluent City dwellers started building houses on the cleared areas. Soon, a large portion of the watershed turned into a housing and commercial district. A couple of years after the opening of the highway, water supply seriously dropped. It was estimated that with the current rate of extraction will soon overtake the recharging rate and fresh water supply will be gone in less than 15 years. An alarming level of E. Coli bacteria brought about by fecal contamination was also found in the water. This sad reality happening is not only happening in developing countries like the Philippines. Even developed countries have problems of similar nature. A serious review of water governance policies is in order. Water supply plays a vital role for sustainable development, be it in developed countries or developing countries. The use and abuse of water supply and the blatant disregard or ignorance of its management can cost a city even an entire country a fortune. Water shortages and water quality degradation are seriously affecting prospects for economic and social development in countries all over the world. However, most of these fatal mistakes can easily be avoided with a good water governance system. Water governance refers to the range of political, social, economic and administrative systems that are in place to regulate the development and management of water resources and provision of water services at different levels of society. This must be instituted at the regional, national and local

Summary of fixed income securities Essay Example | Topics and Well Written Essays - 1250 words

Summary of fixed income securities - Essay Example Debt securities have two essential components namely interest and principle. Fixed income securities which fall in the category of debt includes bonds, mortgage-backed securities, asset-backed securities and bank loans. Preferred stock obligations can be defined as the stock in which the investors gain ownership interests in an organization. Fixed dividends are paid to the stock holders out of the profits which are earned by the company. Preferred stock holders are different from the common stock holders as they do not have voting rights. Preferred stock holders only can realize fixed dividends at periodical intervals. However, preference stock holders are given more priority when it comes to payment of dividends as compared to common stock holders. If a company becomes bankrupt, the obligations to preference stock holders are cleared off first. Considering such aspects associated with preferred stock, they are termed as form of equity having characteristic features which are similar to bonds (Barnhill Jr and Maxwell 347). Treasury bonds- They are also referred to as government bonds as the federal government of a nation issues such bonds. The government is expected not to default the payments associated with such bonds. Hence, the risks associated with such bonds are perceived to be low. However, since the price of such bonds may fall if the rate of interest rises, they are not completely riskless. Corporate bonds- Such bonds are issued by business organizations. Unlike government bonds, corporate bonds are exposed to high default risks. If the issuing company does not earn adequate profits or is suffering huge losses, it may not be able to make timely payments to the bondholders. The default risks which are associated with the bonds may range on the basis of the characteristics of the company and the terms of the bond. Such default risks are

Home Depots Nightmarish EXIT from China Assignment

Home Depots Nightmarish EXIT from China - Assignment Example Thirdly, Home Depot wanted to get rid of the distribution network by eliminating middlemen and leverage worldwide supplier network which was hard. Lastly, Home Depot had been suffering from declining profits and only the change of the business model for example e-commerce (Saporta). The Chinese consumers haggle too much when doing their shopping which is unfavorable to the retailer. Furthermore, they do not buy some of the products for instance garage tools because they hire someone to do it for them (Saporta). In addition, Chinese do not shop alone without assistance which required Home Depot to hire and train tradesmen to meet their desired standards. A safe exit strategy from a foreign market would be liquidation because there is no worry about change of control and no negotiations are involved (Cross). From the article, I derived that closing some of the retail slowly is a safe exit strategy. Selling the retail stores to a friendly buyer would also serve as a safe exit strategy because the buyer is known. Lastly, offering an Initial Public Offer (IPO) for it would increase the worth of the company

Situation Analysis and Marketing Objectives Assignment

Situation Analysis and Marketing Objectives - Assignment Example The report ends with a concise statement of marketing objectives for Subway that it needs to follow in order to achieve its goals. Table of Contents Situation Analysis and Marketing Objectives 1 Executive Summary 2 Introduction 4 Situation Analysis 5 Internal Environment 5 â€Å"Product, Pricing, Promotion, and Placement†: 5 Target Market: 6 Value-addition: 6 External Environment: 7 Competitors: 7 Technology: 7 SWOT Analysis: 8 Strengths: 8 Weaknesses: 8 Opportunities 9 Threats: 9 Marketing Objectives 9 References 11 Situation Analysis and Marketing Objectives 1 Executive Summary 2 Introduction 5 Situation Analysis 6 Internal Environment 6 â€Å"Product, Pricing, Promotion, and Placement†: 6 Target Market: 7 Value-addition: 7 External Environment: 8 Competitors: 8 Technology: 8 SWOT Analysis: 9 Strengths: 9 Weaknesses: 9 Opportunities 10 Threats: 10 Marketing Objectives 10 References 12 Introduction Subway, the world’s number one sub-marine sandwich franchise of 2011, was started by Fred DeLuca in 1965 to make money for being able to pay his medical college’s tuition fee. Fred borrowed $1000 from Dr. Peter Buck, a family friend who later on became his partner, to open his first sub-marine sandwich shop in Bridgeport, Connecticut. ... The menus of Subway franchises vary from location to location as it adapts to the cultural differences and preferences of its target consumers. The report presents a situational analysis of both the internal and external environments of Subway to highlight the company’s target market, its objectives, competitive advantages, overall market analysis and its marketing strategies. It also presents a competitor analysis followed by a SWOT analysis of the company that indicates the strengths, weaknesses, opportunities and threats presented by the internal and external environments of Subway. Marketing objectives will follow the SWOT analysis, laying the foundation for helping the company meet its objectives (Solomon et al, 2011). Situation Analysis Internal Environment Subway’s main objective is to provide its customers with fresh and high quality sandwiches at all times. It also aims at establishing itself as a fresh and healthy sandwich maker in the fast-food industry. â₠¬Å"Product, Pricing, Promotion, and Placement†: Subway mainly deals in submarine sandwiches that are promoted like healthy and fresh sub-sandwiches. This was what Fred DeLuca started initially when he opened his first sandwich shop in Bridgeport. The company, however, expanded its product offerings with the passage of time and thus increased its menu from only sandwiches and salads to breakfast, sandwiches, salads, catering services, coffee, cookies and Kids’ meals. Subway has always targeted the upper and upper-middle class segments of the market; therefore, their sandwiches do not come cheap. One of the franchisees, however, set out to increase his franchise’s sales and popularity by offering $5 Foot-long sandwiches which was later adopted by the company as a

Cultural Tourism Essay Example | Topics and Well Written Essays - 3250 words

Cultural Tourism - Essay Example A thriving cultural economy can often improve the socio-economic status of a city and contribute positively to local community life. An improved packaging and marketing of The Thames Gap which consists of the Hampton Court Palace, the Richmond Park, the Kew Gardens and the view from Richmond Hill will result in higher revenues in the form of higher visitor arrivals for this cultural venue. Hence, the management of The Thames Gap must derive useful inputs from the SWOT Analysis which is tackled in this paper. A better and improved marketing strategy will redound to higher revenues and ultimately, the greater well-being of the residents of the City of London. Various tourism studies have highlighted the importance of cultural tourism and its contribution to the socio-economic development of the City of London. Von Eckardt (1980:140) has emphasised that culture is something that rises up from below. This development is a result of the new cultural planning which leads to community development. Fox-Przeworski et al. (1991:250) suggest that there is no single set of measures that can bring about successful urban economic regeneration for all cities. Hence, a cultural planning approach aims to combine cultural planning with other urban policies covering the. economic, environmental, social, political, educational, symbolic parts to ensure a more integrated development (Bianchini, 1993). Evans (2001) provides a complete analysis of the development of arts and cultural planning within the context of urban renaissance. Von Eckhardt (1980:142) again emphasised the integral nature of cultural planning by emphasizing that the art of architecture, the art of urban design, the art of winning community support, the art of transportation planning, and the art of mastering the dynamics of economic development.In addition, Harvey (1989) argued that cultural tourism is inextricably linked in the context of urban development. planning has a significant economic dimension, as stated by Von Eckhardt (1980): Good cultural planning is quite similar to good economic planning. Smith (1996:57) suggests that 'the so-called "urban renaissance" has been stimulated more by economic than cultural forces'.In the past, heavy focus been placed on the economic imperative in regeneration strategies. Fox-Przeworski et al. (1991:237) claim that the basic basis for successful local economic regeneration is an honest evaluation of the challenges and opportunities facing the local economy. Social, cultural and welfare issues whic h are crucial to the welfare of local communities has not been neglected by key officials.Cultural tourism requires global competitiveness. For instance, specific measures to enhance the competitiveness of the local economy should consider the entire economic, social and environmental structure. The local population is the priority where jobs are to be created or housing improved. Bianchini (1993:212) also stressed the importance of local community interests in urban regeneration initiatives in Western Europe as a clear goal to revitalise the cultural, social and political life of local residents which should always precede and sustain the formulation of physical and economic

Major Factors Contributing To Habitat Loss Essay Example for Free

Major Factors Contributing To Habitat Loss Essay Fragmentation and degradation are two major contributors that go hand in hand with development. Hillstrom and Hillstrom point out that Inefficient community design is one cause of habitat fragmentation. Another is the haphazardly built system of secondary highways and roads that is both a cause and result of sprawl(12) . When subdivisions go in, more and more often they are homes with one to two acre zoning, resulting in the sprawl for one housing development covering even more area. Throughout the United States millions and millions of miles of these interconnected roads and highways, that serve to connect the housing and the commercial developments, form barriers, creating separated little oasis, of sustainable habitat. As development proceeds, subdivisions, factories, and strip malls spread even further afield, all being connected to each other by this constantly growing network of tar and concrete. It is an endless cycle of human growth and expansion, and connection. Not enough care and planning is being taken to keep wildlife habitat, animal life, and biodiversity alive and thriving. Regarding Fragmentation of habitat, Silberstein and Maser refer to it as The most serious threat to biological, genetic, and functional diversity(13). Maser and Silberstein cite that fragmentation Is the primary cause of not only the often discussed global crisis of the rate of biological extinctions but also the less discussed crisis regarding the rate of local extinction(14). (12) Hillstrom Kevin, Hillstrom Laurie Collier. North America: A Continental Overview of Environmental Issues. Edition: illustrated, Published by ABC-CLIO, 2003. P. 18. (13) Johnson Elizabeth Ann. Klemens Michael W. Nature in Fragments: The Legacy of Sprawl. Edition: illustrated, Published by Columbia University Press, 2005. P. 43. (14) ) Maser Chris, Silberstein Jane, Land-use Planning for Sustainable Development. Published by CRC Press, 2000,p. 43. 5 Fragmentation causes the formation of those islands of refuge, that the animals in the area naturally are drawn, to in search of sustainable habitat. It does not usually take too long, before so many animals are drawn into the enclosed havens, confined by the spiderweb of roads and highways, that the food sources available there become too depleted to support the refugees contained within the man made boundaries. Fragmentation, and the total stripping of vegetation and food sources in these areas destroys the biodiversity of the habitat in a manner it may not ever be able to recover from even after the animals are gone, either starved to death or attempting to migrate elsewhere. Authors Emel and Wolch, in their book, Animal Geographies’ state that Some animals can adapt to such fragmentation and to the human proximity it implies, but more commonly animals die in situ, or migrate to less fragmented areas(15) , and as already noted, migration across the man made roadways is a risk as well. Smaller animals such as bird varieties, and squirrels, lower life forms such as insects and such are able to adapt, and at times even thrive in small park like settings, but foxes, racoon, deer, and other larger predatory animals like bears, and cougars have no place within man’s neighborhoods. Degradation of the habitat is just as bad, it may take a little longer to become apparent, but often when an area is identified, it is already in danger of complete collapse. Many times the corporations are only exposed as guilty of negligent practices resulting in contamination, and or polluting an area, after a major animal die off draws attention to the problem. â€Å" The threats of massive environmental degradation and species extinction and the commodification of billions of animals as the economy goes global have led to turbulent politics surrounding animals(16). Oil spills, chemical releases, water source contamination have all made headlines, and help draw attention to the situation, and create awareness of the plight of animals in our areas. (15) Emel Jody, Wolch Jennifer. Animal Geographies: Place, Politics, and Identity in the Nature-culture Borderlands, Edition: illustrated, Published by Verso, 1998,p. 127. (16) Ibid. p. 8. 6