scholarly journals The Role of the Agent Bank and the Specificity of Its Legal Status in the Syndicate Loan (A Comparative Study)

2018 ◽  
Vol 11 (4) ◽  
pp. 123
Author(s):  
Mohammed Shein Al-kateb ◽  
Noor Akief Al-Dabbas ◽  
Qais Enizan Al-Sharaiyri
Keyword(s):  
Comparative Study ◽  
Legal Status ◽  
International Markets ◽  
Loan Contracts ◽  
Legal Principles ◽  
Syndicated Loan ◽  
Loan Contract

This study dealt with one of the most important parties to the syndicate loan contract which is the agent's bank, which is entrusted with the task of managing the daily loan. The task of this bank begins immediately after the end of the work of the organized bank and signing of the loan contract by its parties. The role of the agent's bank in the syndication loan was determined through this study, starting from appointing it through the tasks entrusted to it and ending with the termination of its powers and throughout the term of the loan, the role of this bank is a set of legal relations. The parties to the loan contract have certain specificity with respect to the responsibility of each party towards executing the contract in accordance with the agreed provisions and the required standards. This research requires the legal status of this bank in accordance with the different legal principles in the countries in which this loan originated, as well as the orientations of banks in the international markets. Accordingly, these relations were rooted in Jordanian law in the absence of legislation regulating syndicated loan contracts and the role of the agent bank. This study concluded that this bank is considered a special agent unless the Bank makes the same agent expressly - conclusively or factually - in a position that renders it liable to one of the parties for the duties of the agency for which the confidence of the secretariat is subdivided.

Provision of Remedies for Violation of Economic, Social and Cultural Rights: A Comparative Study of the United Nations, Inter-American and African Human Rights Systems

2020 ◽  
Vol 28 (2) ◽  
pp. 298-318
Author(s):  
Roman Girma Teshome
Keyword(s):  
Human Rights ◽  
United Nations ◽  
Comparative Study ◽  
Economic Rights ◽  
Regional Monitoring ◽  
Cultural Rights ◽  
The Past ◽  
The United Nations ◽  
To Receive

The effectiveness of human rights adjudicative procedures partly, if not most importantly, hinges upon the adequacy of the remedies they grant and the implementation of those remedies. This assertion also holds water with regard to the international and regional monitoring bodies established to receive individual complaints related to economic, social and cultural rights (hereinafter ‘ESC rights’ or ‘socio-economic rights’). Remedies can serve two major functions: they are meant, first, to rectify the pecuniary and non-pecuniary damage sustained by the particular victim, and second, to resolve systematic problems existing in the state machinery in order to ensure the non-repetition of the act. Hence, the role of remedies is not confined to correcting the past but also shaping the future by providing reforming measures a state has to undertake. The adequacy of remedies awarded by international and regional human rights bodies is also assessed based on these two benchmarks. The present article examines these issues in relation to individual complaint procedures that deal with the violation of ESC rights, with particular reference to the case laws of the three jurisdictions selected for this work, i.e. the United Nations, Inter-American and African Human Rights Systems.

cAbdullah Yūsuf cAlī & Muhammad Asad: Two Approaches to the English Translation of the Qur'an

2000 ◽  
Vol 2 (1) ◽  
pp. 107-123 ◽  
Author(s):  
Muzaffar Iqbal
Keyword(s):  
Twentieth Century ◽  
Comparative Study ◽  
Life Experiences ◽  
Academic Career ◽  
British India ◽  
Human Understanding ◽  
English Translations ◽  
Political Milieu ◽  
The Times

This article attempts to present a comparative study of the role of two twentieth-century English translations of the Qur'an: cAbdullah Yūsuf cAlī's The Meaning of the Glorious Qur'ān and Muḥammad Asad's The Message of the Qur'ān. No two men could have been more different in their background, social and political milieu and life experiences than Yūsuf cAlī and Asad. Yūsuf 'Alī was born and raised in British India and had a brilliant but traditional middle-class academic career. Asad traversed a vast cultural and geographical terrain: from a highly-disciplined childhood in Europe to the deserts of Arabia. Both men lived ‘intensely’ and with deep spiritual yearning. At some time in each of their lives they decided to embark upon the translation of the Qur'an. Their efforts have provided us with two incredibly rich monumental works, which both reflect their own unique approaches and the effects of the times and circumstances in which they lived. A comparative study of these two translations can provide rich insights into the exegesis and the phenomenon of human understanding of the divine text.

THE ROLE OF ATMOSPHERICS AS AN ANTECEDENT OF AIRPORT AND COUNTRY IMAGE: A COMPARATIVE STUDY

2020 ◽  
Vol 2020 ◽  
pp. 1457-1461
Author(s):  
Pantelitsa Yerimou ◽  
◽  
George Panigyrakis
Keyword(s):  
Comparative Study ◽  
Country Image

THE ROLE OF LOCAL GOVERNMENT IN STRENGTHENING DEMOCRACY

2016 ◽  
Vol 3 (1) ◽  
pp. 115-131
Author(s):  
Mbuzeni Mathenjwa
Keyword(s):  
European Union ◽  
Local Government ◽  
United Nations ◽  
Public Interest ◽  
Legal Status ◽  
African Union ◽  
African Countries ◽  
The Status ◽  
Administrative Units

The place and role of local government within the structure of government in Africa has attracted much public interest. Prior to and after independence, African countries used local government as the administrative units of central governments without their having any legal status, to the extent that local authorities were under the strict control of central governments. The autonomy of local government is pivotal in the democratisation of a country. The United Nations, European Union and African Union have adopted treaties to promote the recognition and protection of local government in the state parties’ constitutions. Accordingly, this article explains the status of local government in Africa and its impact on strengthening democracy in African states.

Wilfred Ethier. Modern International Economics. New York: W. W. Norton and Company. 1983. xviii + 588 pp.

1988 ◽  
Vol 27 (1) ◽  
pp. 81-83
Author(s):  
Nadeem A. Burney
Keyword(s):  
International Economic ◽  
New York ◽  
Economic Theory ◽  
International Economics ◽  
International Monetary System ◽  
International Markets ◽  
The Past ◽  
Monetary System ◽  
Recent Developments

Its been long recognized that various economies of the world are interlinked through international trade. The experience of the past several years, however, has demonstrated that this economic interdependence is far greater than was previously realized. In this context, the importance of international economic theory as an area distinct from general economics hardly needs any mentioning. What gives international economic theory this distinction is international markets for some goods and effects of national sovereignty on the character of economic activity. Wilfred Ethier's book, which incorporates recent developments in the field, is an excellent addition to textbooks on international economics for one- or twosemester undergraduate courses. The book mostly covers standard topics. A distinguishing feature of this book is its detailed analysis of the flexible exchange rates and a discussion of the various approaches used for their determination. Within each chapter, the author has extensively used facts, figures and major events to clarify the concepts in the light of the theoretical framework. The book also discusses, in a fair amount of detail, the existing international monetary system and the role of various international organizations.

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