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Jurisdictional arbitrage is the practice of taking advantage of discrepancies between competing legal jurisdictions. It takes its name from arbitrage, the practice in finance of purchasing a good at a lower price in one market and selling it at a higher price in another. Just as in financial arbitrage, the attractiveness of jurisdiction arbitrage depends largely on its transaction costs, here the costs of switching legal service providers from one government to another. The lower the Departure tax, exit costs for leaving the jurisdiction (unrestricted emigration, cheap travel, liquidity of assets) the more desirable and feasible it is. Conversely, high entry costs into the more favourable jurisdiction are an inhibitor on jurisdictional arbitrage; certain tax havens such as Andorra grant permanent residency rights to immigrants only if they meet certain criteria. Jurisdictional arbitrage is a significant concept in modern free market anarcho-capitalism. Applications The practice ...
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Jurisdiction
Jurisdiction (from Latin 'law' and 'speech' or 'declaration') is the legal term for the legal authority granted to a legal entity to enact justice. In federations like the United States, the concept of jurisdiction applies at multiple levels (e.g., local, state, and federal). Jurisdiction draws its substance from international law, conflict of laws, constitutional law, and the powers of the executive and legislative branches of government to allocate resources to best serve the needs of society. International dimension Generally, international laws and treaties provide agreements which nations agree to be bound to. Such agreements are not always established or maintained. Extraterritorial jurisdiction is exercised through three principles outlined in the UN charter. These are equality of states, territorial sovereignty and non-intervention. This raises questions of when can many states prescribe or enforce jurisdiction. The ''Lotus'' case establishes two key rules t ...
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The New York Times
''The New York Times'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of the longest-running newspapers in the United States, the ''Times'' serves as one of the country's Newspaper of record, newspapers of record. , ''The New York Times'' had 9.13 million total and 8.83 million online subscribers, both by significant margins the List of newspapers in the United States, highest numbers for any newspaper in the United States; the total also included 296,330 print subscribers, making the ''Times'' the second-largest newspaper by print circulation in the United States, following ''The Wall Street Journal'', also based in New York City. ''The New York Times'' is published by the New York Times Company; since 1896, the company has been chaired by the Ochs-Sulzberger family, whose current chairman and the paper's publ ...
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Idi Amin
Idi Amin Dada Oumee (, ; 30 May 192816 August 2003) was a Ugandan military officer and politician who served as the third president of Uganda from 1971 until Uganda–Tanzania War, his overthrow in 1979. He ruled as a Military dictatorship, military dictator and is considered one of the most brutal Despotism, despots in modern world history. Amin was born to a Kakwa people, Kakwa father and Lugbara people, Lugbara mother. In 1946, he joined the King's African Rifles (KAR) of the British Colonial Army as a cook. He rose to the rank of lieutenant, taking part in British Empire, British actions against Somali rebels and then the Mau Mau rebellion, Mau Mau Uprising in Kenya Colony, Kenya. Uganda gained independence from the United Kingdom in 1962, and Amin remained in the Uganda Army (1962–1971), army, rising to the position of deputy army commander in 1964 and being appointed commander two years later. He became aware that Ugandan president Milton Obote was planning to arrest ...
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Mohammed Reza Pahlevi
Mohammad Reza Pahlavi (26 October 1919 – 27 July 1980) was the last Shah of Iran, ruling from 1941 to 1979. He succeeded his father Reza Shah and ruled the Imperial State of Iran until he was overthrown by the Iranian Revolution, which abolished the Iranian monarchy to establish the present-day Islamic Republic of Iran. In 1967, he took the title (), and also held several others, including () and (). He was the second and last ruling monarch of the Pahlavi dynasty. His vision of the " Great Civilization" () led to his leadership over rapid industrial and military modernization, as well as economic and social reforms in Iran. During World War II, the Anglo-Soviet invasion of Iran forced the abdication of Reza Shah and succession of Mohammad Reza Shah. During his reign, the British-owned oil industry was nationalized by the prime minister Mohammad Mosaddegh, who had support from Iran's national parliament to do so; however, Mosaddegh was overthrown in the 1953 Iranian ...
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Cyber Warfare
Cyberwarfare is the use of cyber attacks against an enemy state, causing comparable harm to actual warfare and/or disrupting vital computer systems. Some intended outcomes could be espionage, sabotage, propaganda, manipulation or economic warfare. There is significant debate among experts regarding the definition of cyberwarfare, and even if such a thing exists. One view is that the term is a misnomer since no cyber attacks to date could be described as a war. An alternative view is that it is a suitable label for cyber attacks which cause physical damage to people and objects in the real world. Many countries, including the United States, United Kingdom, Russia, China, Israel, Iran, and North Korea, have active cyber capabilities for offensive and defensive operations. As states explore the use of cyber operations and combine capabilities, the likelihood of physical confrontation and violence playing out as a result of, or part of, a cyber operation is increased. However, ...
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Money Laundering
Money laundering is the process of illegally concealing the origin of money obtained from illicit activities (often known as dirty money) such as drug trafficking, sex work, terrorism, corruption, and embezzlement, and converting the funds into a seemingly legitimate source, usually through a front organization. Money laundering is illegal; the acts generating the money almost always are themselves criminal in some way (for if not, the money would not need to be laundered). As financial crime has become more complex and financial intelligence is more important in combating international crime and terrorism, money laundering has become a prominent political, economic, and legal debate. Most countries implement some anti-money-laundering measures. In the past, the term "money laundering" was applied only to financial transactions related to organized crime. Today its definition is often expanded by government and international regulators such as the US Office of the Comp ...
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Oxford Analytica
Oxford Analytica is an international consulting firm providing strategic analysis of world events. It was founded in 1975 by David Young, an American employee of the National Security Council during the Nixon administration. Clients of Oxford Analytica consist of governments, international institutions, and public sector bodies, as well as financial institutions, corporations, and other private sector organizations. The company has access to a network of over 1,400 academics and specialists around the world. Its main activities are in the areas of geopolitics and macroeconomics, and its principal work comprises advisory work and a daily analysis service known as ''The Oxford Analytica Daily Brief''. Notable former staff * Michael Bates – Conservative ex-Minister who at one time ran Oxford Analytica's Consultancy & Research department. * Giulio Regeni – an Italian graduate student kidnapped, tortured and killed in Egypt in 2016 who briefly worked at Oxford Analytica as a ...
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Terrorists
Terrorism, in its broadest sense, is the use of violence against non-combatants to achieve political or ideological aims. The term is used in this regard primarily to refer to intentional violence during peacetime or in the context of war against non-combatants. There are various different definitions of terrorism, with no universal agreement about it. Different definitions of terrorism emphasize its randomness, its aim to instill fear, and its broader impact beyond its immediate victims. Modern terrorism, evolving from earlier iterations, employs various tactics to pursue political goals, often leveraging fear as a strategic tool to influence decision makers. By targeting densely populated public areas such as transportation hubs, airports, shopping centers, tourist attractions, and nightlife venues, terrorists aim to instill widespread insecurity, prompting policy changes through psychological manipulation and undermining confidence in security measures. The terms "terrori ...
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Mohammed Bin Rashid Al Maktoum
Sheikh Mohammed bin Rashid Al Maktoum (; born 15 July 1949) is an Emirati politician and royal who is the current ruler of Dubai, and serves as the Vice President of the United Arab Emirates, vice president and Prime Minister of the United Arab Emirates, prime minister of the UAE. Mohammed succeeded his brother Maktoum bin Rashid Al Maktoum as UAE vice president, UAE prime minister, and ruler of Dubai following the latter's death in 2006. A billionaire, Mohammed generates most of his income from real estate and is described as "one of the world's most prominent real estate developers". There is a blurred line between the assets of the Government of Dubai and those of the ruling House of Maktoum, Al Maktoum family. Land which is owned by him is managed as an asset of the state. He oversaw the growth of Dubai into a global city, as well as the launch of a number of government-owned enterprises including Emirates Airline, DP World, and the Jumeirah Group. Some of these are held by ...
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Sharia
Sharia, Sharī'ah, Shari'a, or Shariah () is a body of religious law that forms a part of the Islamic tradition based on Islamic holy books, scriptures of Islam, particularly the Quran, Qur'an and hadith. In Islamic terminology ''sharīʿah'' refers to immutable, intangible divine law; contrary to ''fiqh'', which refers to its interpretations by Ulama, Islamic scholars. Sharia, or fiqh as traditionally known, has always been used alongside urf, customary law from the very beginning in Islamic history; has been elaborated and developed over the centuries by fatwa, legal opinions issued by mufti, qualified jurists – reflecting the tendencies of Schools of Fiqh, different schools – and integrated and with various economic, penal and administrative laws issued by Muslims, Muslim rulers; and implemented for centuries by Qadi, judges in the courts until recent times, when secularism was widely adopted in Islamic societies. Traditional Principles of Islamic jurisprudence, theory o ...
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Forced Marriage Protection Order
The Forced Marriage (Civil Protection) Act 2007 (c 20) is an Act of the Parliament of the United Kingdom. It seeks to assist victims of forced marriage, or those threatened with forced marriage, by providing civil remedies. It extends to England and Wales and Northern Ireland – it does not extend to Scotland, as this is a devolved competence. Forced marriage protection order The centrepiece of the Act is the forced marriage protection order (FMPO). A person threatened with forced marriage can apply to court for a forced marriage order can contain whatever provisions which the court finds would be appropriate to prevent the forced marriage from taking place, or to protect a victim of forced marriage from its effects, and may include such measures as confiscation of passport or restrictions on contact with the victim. The subject of a forced marriage order can be not just the person to whom the forced marriage will occur, but also any other person who aids, abets or encourages t ...
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Non-molestation Order
A non-molestation order is, in English law, a type of injunction that may be sought by a victim of domestic abuse against their abuser. It is one of two types of injunction available under Part IV of the Family Law Act 1996, the other being an occupation order. A non-molestation order is aimed at stopping harassment from a partner or ex-partner and also applies to any children that a victim of abuse may have. A breach of such an order is considered a criminal offence in English law. See also *Injunctions in English law Injunctions in English law are a legal remedy of three types. Prohibitory injunctions prevent an individual or group from beginning or continuing actions which threaten or breach the legal rights of another. Mandatory injunctions are rarer and co ... References English family law Injunctions in English law {{UK-law-stub ...
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