The Avanti Law Group: Legal Fraud of the Century
2 views | +0 today
Follow
Your new post is loading...
Your new post is loading...
Scooped by Craig Wilkins
Scoop.it!

The Avanti Group Reviews Tokyo Laws: En offensiv tegn for Casino investorer

The Avanti Group Reviews Tokyo Laws: En offensiv tegn for Casino investorer | The Avanti Law Group: Legal Fraud of the Century | Scoop.it
This May, the Japan Gaming Conference is showing why investors should be more bullish than ever on gaming in Japan. - Bradley Seth, McNew - Consumer Goods
Craig Wilkins's insight:

Maj, er industriens ledere i Japan vært for den første nogensinde internationale konference for at fremme viden og ledelse omkring den kommende gaming lovgivning i Japan. Mens individuelle investorer ikke kan være i stand til at deltage i konferencen at lære første hånd af japansk gaming regler og lovgivningsmæssige initiativer kommer som konferencen vil koste omkring $1800 til at deltage i, de kan helt sikkert vinde fra den overordnede følelse at gaming i Japan videre hurtigt.

 

Alle ønsker

Sidste år, casino selskaber som Las Vegas Sands (NYSE: LVS), MGM Resorts International (NYSE: MGM), Wynn Resorts (NASDAQ: WYNN), og Melco Crown (NASDAQ: MPEL) alle gjort overskrifter, når de hver især gjorde dristige påstande om hvor meget de ville straks investerer i Japan, hvis regeringen indvilget i at ændre sine love og åbne land op til legaliseret kasinoer. Las Vegas Sands CEO Sheldon Anderson førte den bullish krav ved at sige, han ville investere 10 milliarder dollar, hvis nødvendigt.

 

På tidspunktet var investorerne usikker på, hvorvidt påstandene blev investeringer værdig. Der var jo stadig den truende forhindring af den japanske regering faktisk lovgivning for at tillade gaming. Mens regeringen har helt sikkert syntes støttende i det sidste år med udtalelser i håb om at gaming indtægter kunne finansiere en del af 2020 Olympiske Lege i Tokyo, det var altid stadig usikkert, hvor sandsynligt det er, at ville lovgivningen passere.

 

Japan Gaming konference, taler som om det er en sikker satsning

Som konferencen introduktionsside påstår, medlemmer af den japanske regering, industrien ledere lokale turistindustri, og både lokale og internationale casino virksomhedens ledere er alle indstillet til at præsentere den seneste udvikling med hensyn til hvilke analytikere er enige om at være en potentiel $10 milliarder på markedet.

 

Konferencen også hævder at være begyndelsen af regeringen og industrien arbejder sammen i de kommende 18 måneder til at forme denne nye lovgivning og industrien i Japan. Konferencen vil give mulighed for internationale og lokale virksomheder inddrages i hele forsyningskæden, kommer sammen for at hjælpe med at bestemme, hvordan integreret Resorts (IRs) vil fungere og vokse i Japan.

 

more...
No comment yet.
Scooped by Craig Wilkins
Scoop.it!

The Avanti Law Group: Legal Fraud of the Century

The Avanti Law Group: Legal Fraud of the Century | The Avanti Law Group: Legal Fraud of the Century | Scoop.it

There are plenty of candidates for that title, but after Tuesday the prize belongs to attorney Steven Donziger. Federal judge Lewis Kaplan ruled that the environmental activist had engaged in a massive racketeering scheme and declared that a $9.5 billion judgment against Chevron CVX -0.89% in an Ecuadorian court cannot be enforced in the United States.

 

As our readers know, in 1993 Mr. Donziger sued Texaco (now merged with Chevron) for what he said was the company's failure to clean up oil pits it drilled in Lago Agrio in the 1970s with state oil company PetroEcuador. Chevron had signed proof that it had cleaned its portion of the pits and had been absolved of any liability, but Mr. Donziger sniffed the potential windfall of a media-ready environmental "disaster" and sued the company for $113 billion. He enlisted all manner of celebrity helpers, including actress Daryl Hannah.

 

He won in Ecuador, but only thanks to what Judge Kaplan found were "dishonest and corrupt" measures including bribery, coercion and engaging an American consulting firm to ghostwrite an independent expert's reports. In a 485-page opinion, the judge called the case "extraordinary," calling the actions of Mr. Donziger and his legal team "offensive to the laws of any nation that aspires to the rule of law, including Ecuador." The corrupt extortion was intended to "instill fear of a catastrophic outcome in order to increase the amount Chevron would pay to avoid the worst," Judge Kaplan wrote.

 

Chevron refused to give in, and now the case may serve as an example of how companies can fight back if they have the nerve and the cash. Mr. Donziger says he'll appeal, but on the factual record he stands discredited. Another worthy casualty may be financially strapped Washington law firm Patton Boggs, which got involved on behalf of Burford Capital's BUR.LN -0.44% effort to provide litigation financing to the plaintiffs. Tuesday's opinion means the firm won't collect any plunder, which couldn't happen to a nicer crowd.

 

Mr. Donziger is a pioneer of the foreign environmental tort, trying to exploit Third World juries to bleed U.S. companies regardless of the merits. We're glad to see his dishonesty face American justice. `

 

 

more...
No comment yet.