16 March 2021 | On March 5, 2021, it was announced that the Germany had reached an agreement with the Swedish state company Vattenfall to settle a claim valued at up to €7 billion, over the phase-out of nuclear energy in the wake of Fukushima. The government pay Vattenfall €1.4 billion, much too much, argues Juan Carlos Boué in this guest comment.
13 December 2020 | Investor State Dispute Settlement, those special tribunals which foreign investors can use to sue a host government for alleged infringement on their rights, have drawn criticism for being one sided. Investors can sue governments, but not vice versa. Arbitration counsel Juan Carlos Boue describes a case, which drives this to the extreme. An investor drags a government in front of a tribunal because the government is suing the investor at regular courts.
10. 11. 2020 | Few other documents have been sent to me as often as the recent deliberations of the European Central Bank (ECB) on a digital euro. There is obviously a great deal of suspicion with regard to plans of a digital euro. The following analysis will try to answer the question if this suspicion is justified.
May 21, 2020 | In his path-breaking history of central banking in Europe, a high-ranking manager of the European Central Bank shows central banking to be much older than the Anglo-Saxon historiography would admit, and that central banks have historically quite often served the purpose of financing public expenditure.
February 9, 2020 | If the trend of the last two decades continues, index funds could control 40 percent of the voting rights in the largest corporations by 2040.The share is already up to 25 percent in the US. There a two perspectives on this. Some scholars say it threatens shareholder value, others fear it will lead to too much of it. I side with the latter. …
Jens Berger, editor of the popular progressive German Website “NachDenkSeiten”, has just published an eye-opening book on the power of the three asset management giants BlackRock, Vanguard and State Street (in German). I have obtained permission to publish the first chapter as an appetizer, which translates as “Breakfeast with BlackRock & Co.”….
By Milford Bateman. One microcredit institution in Cambodia has in recent years been highlighted not just as a best practice example of the microcredit model in action, but as a leading example of ‘inclusive capitalism’ composed of ‘social enterprises’ that aim to do good in the community. Now AMK had been acquired for a cool $US150 million by the Taiwan-based Shanghai Commercial and Savings Bank, one of Asia’s most aggressive financial institutions.What is making the former owners of AMK wealthy, is very bad news for its already suffering creditors.