Rencontre 60360

25 December 2018

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Legal difficulties of associated with financial innovation in Moscow and Tokyo have already be mentioned in this report. While Moscow may have time-zone advantages, they are only partial because of competition from places like Dubai.

It is a blend of different cultures and nationalities. New York got there because of its huge domestic markets. By default, geolocation only give the distance between you and another user xx km from my position.

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A Memorandum of Understanding between the MIFC Taskforce, TheCityUK and Vnesheconombank was signed in Moscow in 2011 in the presence of President Dmitri Medvedev and Prime Minister David Cameron. Subsequently a number of reports were produced, mainly by TheCityUK and the IBRD. Right from the beginning there were fundamental delusions. It is a blend of different cultures and nationalities. While Moscow may have time-zone advantages, they are only partial because of competition from places like Dubai. Every innovation, therefore, requires enabling legislation. Nor is a single law sufficient: in each case, amendments must be made to the Civil Code, the Tax Code, the law on Joint Stock Companies, the law on Securities Markets, the law on Insolvency Bankruptcy , the law on Foreign Currency Regulation, and the law on Banks and Banking Activity. The creation of a separate legal environment for the financial markets would make innovation much easier. It also has its own courts, with judges taken from the common law world including England, Singapore and HK. In any case, Dubai is an exception. New York got there because of its huge domestic markets. Hong Kong and Singapore got there through a combination of being international trade hubs, luck ie much the same luck that London had and sure-footedness. In reality, the idea of Moscow as an IFC was almost dead from the start, and the 2014 events in the Ukraine should have completely killed it. Legal difficulties of associated with financial innovation in Moscow and Tokyo have already be mentioned in this report. Leave a Reply Your email address will not be published.
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