Obama’s new act will prove costly for City firms June 15, 2010 PARTNER, WITHERS LLP ON 18 March 2010 President Obama signed the Hiring Incentives to Restore Employment (HIRE) Act, creating far-reaching client identification and disclosure requirements for every City bank, financial institution, brokerage house and fund structure. While the act is intended to boost US employment through tax breaks for US businesses, it also contains revenue-raising [...]
OFT should look at anticompetitive activity June 15, 2010 PARTNER, JONES DAY LLP EARLIER this year the Office of Fair Trading (OFT) published a report looking at the competition implications of firms taking minority interests in their competitors. Now the results are in, it looks likely that the regulator will take a closer look at this area. The report examines minority shareholdings, interlocking directorships [...]
Vroom vroom: say hi to the real deal June 15, 2010 THE first car I owned was a Mini, a 1973 Mini Mk II with an 850cc engine. Even though it was pretty much the only car I had ever driven, I knew it was unusual. If you wound it up it would do 80mph and make a proper car noise getting there. At speed, it [...]
Debut would be a ‘dream’ says Dawson June 15, 2010 MICHAEL DAWSON last night admitted it would be a “dream” to make his England bow against Algeria on Friday night. The uncapped Spurs defender could be thrown into the deep end by coach Fabio Capello and fill in for club mate Ledley King, who suffered a groin muscle injury in the 1-1 draw with United [...]
Hughes leads dad Hannon to Ascot double June 15, 2010 JOCKEY Richard Hughes was the toast of Royal Ascot after leading Canford Cliffs to victory in the big race of the day, the St James’s Palace Stakes, on his way to an opening day double. The Richard Hannon-trained three-year-old had been beaten by stablemate Dick Turpin in their two previous encounters, but gained sweet revenge [...]
Stunned Brazil break Korean resolve June 15, 2010 BRAZIL (2) vs NORTH KOREA (1) THEY may be in the so-called ‘Group of Death’, but North Korea are far from dead yet as they gave five-time winners Brazil the fright of their lives in Johannesburg last night. The Koreans defended resiliently to keep their goal in check at the break, only for the top [...]
Sven defends Ivorian bore draw June 15, 2010 IVORY COAST (0) vs PORTUGAL (0) IVORY COAST coach Sven-Goran Eriksson believes both sides would have been happy with yesterday’s bore draw in Port Elizabeth – as neither team wanted to lose. With Brazil red-hot favourites to top Group G, both were desperate to avoid defeat, culminating in a dour stalemate. Cristiano Ronaldo came closest [...]
Flustered Fabio has much to ponder June 15, 2010 IN an ideal world, Robert Green will have held onto Landon Donovan’s tame effort, Emile Heskey would have scored from his one-on-one, England would have beaten the USA 2-0, and we’d all be merrily dancing our way to Cape Town for the Algeria game, dreaming of World Cup glory. But those fine lines in football [...]
Barkley kicks England to first tour win June 15, 2010 AUST. BARBARIANS (9) vs ENGLAND (15) OLLY BARKLEY kicked over two late penalties to help England’s second string secure a first win of their tour Down Under. The Bath fly-half sealed an unconvincing win for the tourists after three Berrick Barnes kicks had overturned Charlie Hodgson’s pair of penalties early on. But despite the result, [...]
Shahzad handed one-day call June 15, 2010 PACE bowler Ajmal Shahzad has been handed an England lifeline after being drafted into the one-day squad for the forthcoming series with Australia. The Yorkshire seamer was a surprise omission from the original 13-man squad selected last week, but gets his chance after Ryan Sidebottom suffered a minor hamstring strain. Shahzad, 24, was hoping to [...]
