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Article
Publication date: 1 March 1992

Spence Marlow and Sue Rivers

Provides some background to new proposals in the UK to introducelegislation which would give existing long leaseholders ininterdependent properties the collective right to…

Abstract

Provides some background to new proposals in the UK to introduce legislation which would give existing long leaseholders in interdependent properties the collective right to purchase the freehold interest. Sets out to examine the management structure of commonhold properties, with particular emphasis on the dynamics of collective management, in three countries where it is well established: Australia, France and the USA.

Details

Property Management, vol. 10 no. 3
Type: Research Article
ISSN: 0263-7472

Keywords

Article
Publication date: 1 January 1997

Joanna Gray

The Plaintiffs were depositors who had lost monies in the collapse of Bank of Credit and Commerce International (BCCI). BCCI itself was named as a Plaintiff since it was an…

Abstract

The Plaintiffs were depositors who had lost monies in the collapse of Bank of Credit and Commerce International (BCCI). BCCI itself was named as a Plaintiff since it was an assignee of the claims of Plaintiff depositors. The Plaintiffs made a very large number of allegations against the Bank of England (the Bank) with regard to its exercise of its powers and discretions under the statutory scheme of Banking Supervision contained in the Banking Acts of 1979 and 1987. These allegations related to, inter alia, the Bank's decision to grant a full licence to BCCI in 1980, its failure subsequently to revoke that licence and various other acts and omissions in its supervisory role up to BCCI's collapse in 1991.

Details

Journal of Financial Regulation and Compliance, vol. 5 no. 1
Type: Research Article
ISSN: 1358-1988

Article
Publication date: 6 April 2021

Majed R. Muhtaseb

The purpose of this paper is events and analysis of present a hedge fund collapse, offer lessons to investors and hedge fund industry stakeholders and propose a possible remedy…

Abstract

Purpose

The purpose of this paper is events and analysis of present a hedge fund collapse, offer lessons to investors and hedge fund industry stakeholders and propose a possible remedy for mitigating operational risks and associated potential losses.

Design/methodology/approach

This study focused on one hedge fund case study and conducted a thorough investigation of the events that led to the collapse and eventual filing of the Securities and Exchange Commission (SEC) complaint. All articles and publications used for this research are available in the public domain and accessible.

Findings

Wood River Capital Management had concentrated the portfolios of its two hedge funds into one stock, EndWave Corp. Fund Manager violated terms of offering memorandum. Investors were not made aware of and did not discover the operational risks. Stock price of EndWave plummeted. There was no independent oversight over the funds. The values of the two funds dropped significantly. Investors attempted to redeem but the funds were not liquid. The SEC filed a complaint. Mr Whittier was sentenced for three years in jail.

Research limitations/implications

It is an analysis of US-based hedge fund, not an empirical paper. The article presents critical analysis and offers many valuable lessons to hedge fund industry stakeholders.

Practical implications

This paper helps investors in terms of identifying a hedge fund’s operational risks and conducting more effective due diligence while vetting a hedge fund. This could potentially save investors and constituents billions of dollars, by avoiding potential hedge fund collapses. This paper suggests that the scope of fiduciary duty be expanded to cover hedge fund industry vendors.

Originality/value

Thorough research of a hedge fund that collapsed because of poor investment decisions, not self-enrichment at expense of fund investors. This paper provides lessons to investors in terms of identifying a hedge fund’s critical operational risks and conducting value preserving due diligence. This could potentially save hedge funds investors billions of dollars, by avoiding potential hedge fund collapses. This paper recommends that the scope of fiduciary duty be expanded to cover hedge fund industry vendors.

Details

Journal of Financial Crime, vol. 28 no. 3
Type: Research Article
ISSN: 1359-0790

Keywords

Article
Publication date: 1 April 1992

S. Marlow and S. Rivers

Examines the French approach to residential commonhold management,the over‐regulation in commonhold management in France and the problemsthat this causes. Considers the…

Abstract

Examines the French approach to residential commonhold management, the over‐regulation in commonhold management in France and the problems that this causes. Considers the implications of the French system for the introduction of commonhold in the UK. Concludes that UK commonhold management is likely to follow a less highly regulated path than France, having more in common with the legislation in Australia and the USA.

Details

Property Management, vol. 10 no. 4
Type: Research Article
ISSN: 0263-7472

Keywords

Article
Publication date: 4 January 2011

Martina Flörke, Ellen Teichert and Ilona Bärlund

The aim of this study is to analyze future changes of freshwater needs in the electricity production sector and to identify hotspots where future cooling water needs may not be…

Abstract

Purpose

The aim of this study is to analyze future changes of freshwater needs in the electricity production sector and to identify hotspots where future cooling water needs may not be fulfilled.

Design/methodology/approach

To address the goals of this study, a scenario and simulation approach was selected to estimate water availability and water uses in Europe up to 2050. Two SCENES scenarios were selected to cover a wide range of water‐related driving forces including future developments in population, GDP, electricity production, technological and structural changes, as well as climate change.

Findings

Depending on the scenario, water withdrawals in the electricity production would increase by 68 percent or decrease by 33 percent between 2000 and 2050. At the same time, water availability at low flow (Q90) would decrease because of climate change in southern and south‐eastern parts of Europe as well as in Ireland and the UK. Especially in these regions hotspots were identified where water is scarce and where growing water demand promotes water stress that may cause economic losses.

Originality/value

This paper presents hotspots of the thermal electricity production sector in Europe. In these regions water shortages were expected to lead to water stress due to climate change accompanied by increasing water demand for cooling purposes and by competing water use sectors.

Details

Management of Environmental Quality: An International Journal, vol. 22 no. 1
Type: Research Article
ISSN: 1477-7835

Keywords

Article
Publication date: 1 June 2005

Li‐teh Sun

Man has been seeking an ideal existence for a very long time. In this existence, justice, love, and peace are no longer words, but actual experiences. How ever, with the American…

Abstract

Man has been seeking an ideal existence for a very long time. In this existence, justice, love, and peace are no longer words, but actual experiences. How ever, with the American preemptive invasion and occupation of Afghanistan and Iraq and the subsequent prisoner abuse, such an existence seems to be farther and farther away from reality. The purpose of this work is to stop this dangerous trend by promoting justice, love, and peace through a change of the paradigm that is inconsistent with justice, love, and peace. The strong paradigm that created the strong nation like the U.S. and the strong man like George W. Bush have been the culprit, rather than the contributor, of the above three universal ideals. Thus, rather than justice, love, and peace, the strong paradigm resulted in in justice, hatred, and violence. In order to remove these three and related evils, what the world needs in the beginning of the third millenium is the weak paradigm. Through the acceptance of the latter paradigm, the golden mean or middle paradigm can be formulated, which is a synergy of the weak and the strong paradigm. In order to understand properly the meaning of these paradigms, however, some digression appears necessary.

Details

International Journal of Sociology and Social Policy, vol. 25 no. 6/7
Type: Research Article
ISSN: 0144-333X

Keywords

Content available
Article
Publication date: 1 December 2000

755

Abstract

Details

Disaster Prevention and Management: An International Journal, vol. 9 no. 5
Type: Research Article
ISSN: 0965-3562

Content available
Article
Publication date: 1 May 2001

482

Abstract

Details

Disaster Prevention and Management: An International Journal, vol. 10 no. 2
Type: Research Article
ISSN: 0965-3562

Article
Publication date: 1 July 2020

Mereana Barrett, Krushil Watene and Patty McNicholas

This paper aims to set the scene for an emerging conversation on the Rights of Nature as articulated by a philosophy of law called Earth Jurisprudence, which privileges the whole…

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Abstract

Purpose

This paper aims to set the scene for an emerging conversation on the Rights of Nature as articulated by a philosophy of law called Earth Jurisprudence, which privileges the whole Earth community over the profit-driven structures of the existing legal and economic systems.

Design/methodology/approach

The study used a wide range of thought from literature relating to philosophy, humanities, environmental economics, sustainable development, indigenous rights and legal theory to show how Earth Jurisprudence resonates with two recent treaties of Waitangi settlements in Aotearoa New Zealand that recognise the Rights of Nature.

Findings

Indigenous philosophies have become highly relevant to sustainable and equitable development. They have provided an increasingly prominent approach in advancing social, economic, environmental and cultural development around the world. In Aotearoa New Zealand, Maori philosophies ground the naming of the Te Urewera National Park and the Whanganui River as legal entities with rights.

Practical implications

Recognition of the Rights of Nature in Aotearoa New Zealand necessitates a radical re-thinking by accounting researchers, practitioners and educators towards a more ecocentric view of the environment, given the transformation of environmental law and our responsibilities towards sustainable development.

Originality/value

This relates to the application of Earth Jurisprudence legal theory as an alternative approach towards thinking about integrated reporting and sustainable development.

Details

Accounting, Auditing & Accountability Journal, vol. 33 no. 7
Type: Research Article
ISSN: 0951-3574

Keywords

Content available
Article
Publication date: 26 June 2007

404

Abstract

Details

Disaster Prevention and Management: An International Journal, vol. 16 no. 3
Type: Research Article
ISSN: 0965-3562

1 – 10 of 920