The Legal Edge

Debt in Developing Countries   As Mr. Outtara (MD World Bank) said in Zubair Iqbal, Ravi Kanbur, External Finance for Low Income Countries, “globalisation holds extraordinary promise for us all: of faster growth, greater poverty reduction, and a better quality of life for more people.   But it also poses considerable risks, particularly that of a "two-speed" world emerging: on the one hand, those countries that are rapidly becoming integrated into the new global economy of expanding trade, private capital, and information flows; and on the other hand, those countries that are being left behind—unable to make the necessary connections with the new global trends. The rise in public debt has been accompanied by an increase in corporate debt, particularly in middle-income countries, as many large companies took advantage of the long period of unusually low international interest rates. Further increases in global interest rates could create concerns for financial stability and, ...

How Do Global, International, Transnational, and National Concepts Interplay? The notions of global, international, transnational, and national are very intertwined, and they influence each other. For instance, a company (national) will exist across a number of countries (transnational), is subject to rules in the field of international business (international), and is affected by global macroeconomics (global). Within its borders, a national government may regulate transnational corporations and negotiate international treaties to deal with sweeping international issues like climate change. Digital technologies Global: With the advent of the internet and digital technologies, a global digital space in which information and ideas could flow freely emerged. This interconnectedness is exemplified by how global phenomena can change the interactions between nations, organisations, and individuals. International: Technology, for example, 5G and artificial intelligence (AI), have internation...

Real Estate Bill and  impact both Ba nk Project Financing Legal Impact  Real Estate Agents Registration of Real Estate Agents  25. A person who wishes to be registered as a real estate practitioner must  apply as a estate agent once the Act comes into play and they shall apply to the Board in the prescribed form and upon payment of the prescribed fee. Practicing Certificate Requirement  28. (1) A person shall not practice as a real estate Practicing license agent unless that person has been issued a practicing license by the Board of Directors and has complied with the requirements of this Act. Penalty-5M/ 2 years Developers   (HFDI)  Registration of Developers  32. (1) No developer shall advertise, market, book, sell, offer for sale or invite persons to purchase any plot, apartment or building in any real estate project that is not registered in accordance with this Act. Compliance measures  A developer proposed pr...