scholarly journals Are Cross Border Acquisitions More Profitable, or Do They Make Profit More Persistent, than Domestic Acquisitions? UK Evidence

2017 ◽  
Vol 10 (6) ◽  
pp. 178
Author(s):  
Abimbola Adedeji ◽  
Maha D. Ayoush
Keyword(s):  
Cross Border ◽  
The Us ◽  
The Cross ◽  
The Uk

Cross border acquisitions were relatively more popular than domestic acquisitions in the UK and many other countries during late 1990s and the beginning of this century (Martynova and Renneboog, 2008, among others).  Apart from attributing it to the wave of globalisation that occurred at the time, hardly any other reason has been given for this phenomenon in the literature. In this paper, we check whether cross border acquisitions were more profitable than domestic acquisitions to bidders, or whether cross border acquisitions made the profitability of bidders to be more persistent than domestic acquisitions, during the period referred to above. Evidence observed from a sample of 199 cross border, and 174 domestic, acquisitions made by firms in the UK during 1996-2003 shows that the cross border acquisitions were significantly less profitable, and that they did not make the profitability of the bidders significantly more persistent, than the domestic acquisitions. These indications are similar to those of the US evidence reported by Moeller and Schlingemann (2005) and raise questions about why cross border acquisitions were relatively more popular than domestic acquisitions during the period referred to above.

Cross-border copyright, complexity and collaboration: Approaching intellectual property across an international consortium of photo archives

2021 ◽  
Vol 46 (1) ◽  
pp. 3-6
Author(s):  
Melissa Gold Fournier
Keyword(s):  
Intellectual Property ◽  
Open Access ◽  
International Consortium ◽  
Cross Border ◽  
The Us ◽  
Research Platform ◽  
The Creation ◽  
The Cross

AbstractWhat are the cross-border intellectual property and copyright issues faced by PHAROS, an international consortium of photo archives, in the creation of an open access research platform? How does the consortium define open access? Are approaches to copyright in reproductive media across the US, UK and EU compatible, and can 14 partners from six countries agree to assess and express rights in the same way? Developments in the field and the consortium's 2020 International Copyright Workshop project have helped PHAROS define and address these issues.

scholarly journals The UK and Digital Trade: Which way forward?

2021 ◽  
Author(s):  
Emily Jones ◽  
Beatriz Kira ◽  
Anna Sands ◽  
Danilo B. Garrido Alves
Keyword(s):  
Global Economy ◽  
Trade Agreements ◽  
Digital Economy ◽  
International Standards ◽  
Policy Implications ◽  
The Internet ◽  
Cross Border ◽  
Data Flows ◽  
The Us ◽  
The Uk

The internet and digital technologies are upending global trade. Industries and supply chains are being transformed, and the movement of data across borders is now central to the operation of the global economy. Provisions in trade agreements address many aspects of the digital economy – from cross-border data flows, to the protection of citizens’ personal data, and the regulation of the internet and new technologies like artificial intelligence and algorithmic decision-making. The UK government has identified digital trade as a priority in its Global Britain strategy and one of the main sources of economic growth to recover from the pandemic. It wants the UK to play a leading role in setting the international standards and regulations that govern the global digital economy. The regulation of digital trade is a fast-evolving and contentious issue, and the US, European Union (EU), and China have adopted different approaches. Now that the UK has left the EU, it will need to navigate across multiple and often conflicting digital realms. The UK needs to decide which policy objectives it will prioritise, how to regulate the digital economy domestically, and how best to achieve its priorities when negotiating international trade agreements. There is an urgent need to develop a robust, evidence-based approach to the UK’s digital trade strategy that takes into account the perspectives of businesses, workers, and citizens, as well as the approaches of other countries in the global economy. This working paper aims to inform UK policy debates by assessing the state of play in digital trade globally. The authors present a detailed analysis of five policy areas that are central to discussions on digital trade for the UK: cross-border data flows and privacy; internet access and content regulation; intellectual property and innovation; e-commerce (including trade facilitation and consumer protection); and taxation (customs duties on e-commerce and digital services taxes). In each of these areas the authors compare and contrast the approaches taken by the US, EU and China, discuss the public policy implications, and examine the choices facing the UK.

The International Dimension: Cross-border Groups

2016 ◽  
Author(s):  
Michael Schillig
Keyword(s):  
Global Financial Crisis ◽  
Applicable Law ◽  
Cross Border ◽  
The Us ◽  
Key Issues ◽  
The Cross ◽  
Model Law ◽  
The Global Financial Crisis ◽  
Financial Groups ◽  
Group Law

The difficulties associated with the supervision and failure resolution of cross-border financial groups were among the key issues that came into renewed focus as a result of the global financial crisis. The cross-border dimension affects the recovery and resolution process in its entirety from the initial planning phase right through to liquidation. The chapter summarizes the elements of cross-border group law mentioned in previous chapters. It looks briefly at the US framework and the changes introduced through the Dodd–Frank Act. It discusses international jurisdiction of authorities and courts, the applicable law that governs proceedings, and the recognition and effects of foreign proceedings, in particular, in accordance with Directive 2001/24/EC on the reorganization and winding up of credit institutions and investment firms and the UNCITRAL Model Law on Cross-Border Insolvency. It also analyses the new European framework for co-operation in the cross-border group resolution context.

North Korea Olympic thaw will not address other issues

2018 ◽  
Keyword(s):  
North Korea ◽  
Border Security ◽  
Content Type ◽  
South Korean ◽  
Cross Border ◽  
The Us ◽  
The Cross

Significance Seoul anticipates a North Korean delegation of 400-500 people, including not only athletes but also reporters, observers and officials. Impacts Pyongyang's Olympic olive branch is a major tactical change, but it is premature to see it as a strategic shift. Military talks will address the cross-border security implications of Pyongyang joining the Games, but probably not broader issues. South Korea's president will try to extend the Olympic thaw into other spheres, but wider engagement will prove tricky. The US president is supportive, claiming credit for the breakthrough, but Washington may see further South Korean concessions as excessive.

scholarly journals EXPORT OF SERVICES: IS DATA LOCALIZATION A BARRIER?

2020 ◽  
pp. 22-32
Author(s):  
A. A. Koval ◽  
A. D. Levashenko
Keyword(s):  
Personal Data ◽  
Vital Role ◽  
Cross Border ◽  
Digital Services ◽  
Foreign Countries ◽  
Data Flows ◽  
The Us ◽  
The Cross ◽  
The Impact ◽  
The Eu

The export of services is not related to the physical movement of goods across the border but is directly dependent on the cross-border movement of data. Cross-border data flows play a vital role in the cross-border provision of digital services. The international community pays particular attention to issues regarding the application of data localization policies. Indeed, this requirement significantly affects global trade in services. The data localization policy provides, according to the WTO, limiting the ability of companies to transfer data about internal users to foreign countries. Developing countries (Russia, China, etc.) involve the application of the localization requirement, i.e., first records in the country, personal data of citizens, while the EU and the US consider the total need of data localization as a barrier to international trade. The article assesses the impact of data regulation requirements on the export and import of digital services.

scholarly journals US exceptionalism and UK localism? Cross-border insolvency law in comparative perspective

Legal Studies ◽  
2016 ◽  
Vol 36 (1) ◽  
pp. 136-162 ◽  
Author(s):  
Gerard McCormack
Keyword(s):  
American Exceptionalism ◽  
Comparative Perspective ◽  
Insolvency Law ◽  
Cross Border ◽  
The Us ◽  
Us Exceptionalism ◽  
Model Law ◽  
The Uk

This paper addresses how the UNCITRAL Model Law on Cross-Border Insolvency has been implemented and interpreted in the US and the UK. The Model Law has attained a measure of international acceptance and is intended to achieve greater efficiencies in the administration of insolvency cases with transnational dimensions. But different manners of implementation in different countries and differing interpretations may hinder the prospects for harmonisation and coordination of laws. The paper will address in particular whether US interpretations differ from those in the UK and whether the US decisions are so infused with ‘American exceptionalism’ that they cannot be relied upon as sure guides in other countries.

Part B Merger, Reorganization, and Insolvency of Banks, 10 Foreign Bank Mergers

2015 ◽  
Author(s):  
Proctor Charles
Keyword(s):  
Foreign Bank ◽  
Bank Mergers ◽  
Cross Border ◽  
The Law ◽  
The Cross ◽  
The Uk

This chapter examines the consequences of foreign bank mergers achieved under the law of another country but which may have consequences in the UK. It discusses the recognition of the merger; the transferred assets and liabilities; consequences for the transferor; consequences for transactions; consequences for transaction counterparties; and the cross-border mergers regulations.

scholarly journals What are acute NHS trusts in England doing to prevent the cross-border spread of carbapenem-resistant Enterobacteriaceae?

2020 ◽  
Vol 21 (5) ◽  
pp. 196-201
Author(s):  
Sharon Mawdsley
Keyword(s):  
Public Health ◽  
Global Public Health ◽  
Cross Border ◽  
Carbapenem Resistant ◽  
Screening Protocol ◽  
Mandatory Participation ◽  
The Cross ◽  
The Uk ◽  
Healthcare Associated ◽  
Carbapenem Resistant Enterobacteriaceae

Background: Carbapenem-resistant Enterobacteriaceae (CRE) pose a significant threat to global public health as these organisms have the potential to cause infections which are easily spread and are associated with high mortality rates. Aim/Objective: The aim of this study was to establish which screening strategies acute NHS trusts in England have chosen to adopt and whether or not that strategy has prevented or is likely to prevent the cross-border spread of CRE. Methods: All acute NHS trusts in England were invited to participate in a multicentre quantitative study. Participants were asked to complete a questionnaire relating to their local CRE screening protocol. Findings/Results: Of the 91 participating trusts, 83 (91.2%) adhere to Public Health England (2013) guidance. However, only 22 (24.2%) trusts have adopted the European Centre for Disease Prevention and Control (2016) recommendations. In total, 31 (34.1%) trusts reported incidences of person-to-person transmission, of which 45.2% were related to foreign travel. Furthermore, 31 (34.1%) trusts reported that patients who have had an admission to a hospital in the UK not known to have a high prevalence of healthcare-associated CRE in the last 12 months had screened positive. Discussion: This study has demonstrated that inter-hospital transmission is as much of a concern as cross-border spread. Mandatory participation in enhanced surveillance could provide PHE with the epidemiological evidence required to support this stance and help to develop new national guidance.

Resolution and Insolvency of Banks and Financial Institutions

2016 ◽  
Author(s):  
Michael Schillig
Keyword(s):  
Financial Institutions ◽  
Legal Framework ◽  
Critical Assessment ◽  
Wall Street ◽  
Cross Border ◽  
Consumer Protection Act ◽  
National Implementation ◽  
The Us ◽  
The Uk ◽  
The Eu

This book provides a detailed analysis and critical assessment of the EU and US resolution regimes for banks and financial institutions on a comparative basis. The book analyses the EU legal framework under the Bank Recovery and Resolution Directive, and considers the challenges in national implementation through the two largest economies within the EU, Germany and the UK. The very influential laws of the US, (Securities Investor Protection Act 1970, and the Wall Street Reform and Consumer Protection Act: Dodd-Franck) are used as a comparative reference point. Through analysis of the new EU framework and of the more mature system in the US, the book considers whether and to what extent the EU framework and national regimes contribute to ensuring resolvability of financial institutions, how their efficacy may be increased with a view, in particular, to the resolution of cross border groups, and what the future may hold, especially in respect of a single European resolution authority.

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