Author: MGSN

This article is part of the MGSN Global Opportunities series.The NY Fed recently released two reports which underscore the ramifications of educational debt. Millennial are starting to sink under debt loads that commenced the minute they received their diploma.” Total debt balances grew by $394 billion in the fourth quarter of 2022, the largest nominal quarterly increase in twenty years, according to the latest Quarterly Report on Household Debt and Credit from the New York Fed’s Center for Microeconomic Data” The report identifies trends of late debt payments on varied loan products by younger creditors. The upward trends of default in the New York…

Governments and large entity corporations have a duty to citizens to prevent harm in discharging their respective job duties. Climate change litigation refers to legal actions taken by individuals, groups, or organizations against governments, companies, or other entities for their alleged contribution to or failure to address climate change. In recent years, climate change litigation has become increasingly common in the EU, as individuals and groups seek to hold governments and companies accountable for their impact on the environment. One notable recent development in climate change litigation in the EU is the landmark decision by the Dutch Supreme Court in…

Name, image, and likeness (NIL) refers to the right of an individual to control the commercial use of their name, image, and other personal attributes. This includes the right to allow or prohibit others from using their name or image in advertising, endorsements, or other commercial ventures. Monetizing one’s name, image, and likeness (NIL) refers to the practice of earning revenue or other benefits from the commercial use of one’s identity. In recent years, this has become a hot topic in the world of sports and entertainment, as athletes, celebrities, and other public figures seek to capitalize on their personal…

Bootstrap financing refers to the process of starting or growing a business using personal savings, revenue generated by the business, or small amounts of outside capital. It is also sometimes called “bootstrapping.” In other words, bootstrap financing means relying on one’s own resources and creativity to fund a business venture, rather than seeking large amounts of outside investment. Bootstrap financing is often used by entrepreneurs who are starting small businesses and do not have access to significant amounts of outside capital. By using their own funds or reinvesting profits back into the business, entrepreneurs can control the pace of growth…

A Lethbridge judge is set to deliver a verdict in the case of a Calgary pastor who is accused of mischief for encouraging truckers to continue blocking the Canada-U.S. border crossing during a two-week protest. Read More

Canada and the United States have agreed to share more information about the smuggling of guns and drugs across their shared border. Read More

The high cost of medications are one of the factors that are driving up the cost of healthcare. In the USA the number one reason for bankruptcy is getting sick. Social medical delivery systems are also struggling. According to the Italian trade Journal, Farmeconomia, the French agency that is charged with the pricing of medicines, Comité Economique des Produits de Santé, (CEPS), struggles to meet its charge based on production and retail cost. Japan’s prices are decided by the government and subsidized by the country’s public health insurance system. The intensity of drug retail places strains on the subsidization policy. Countries…

Pursuant to New York Lien Law Article 3-A, all funds received by a contractor for a construction project, or by an owner under a construction loan, constitute trust finds. The recipient owner/contractor, as trustee, must pay the contractors downstream who have earned those funds, before diverting the funds for any other purpose. Any application of trust assets for a purpose other than the construction costs specified under New York Lien Law § 71 is deemed an unlawful diversion of trust assets, a larceny, that also pierces the corporate veil. This is an extremely powerful law that every owner/contractor should consider…

By Foo Yun Chee BRUSSELS (Reuters) – EU draft rules aimed at staving off spats over patents essential to key technologies for telecoms equipment and connected cars appear to put the onus and cost on patent owners, which could undermine Europe’s leadership in such areas, Nokia said. The comments from … Read More

There is evidence to suggest that companies with strong ethical compliance programs and a commitment to legal and regulatory compliance may be more economically viable in the long term. This is because these companies are less likely to face costly legal or regulatory issues, which can negatively impact their bottom line and reputation.Strong ethical compliance programs can also help to promote a culture of transparency and accountability within a company, which can improve employee morale and retention, as well as customer loyalty and trust. This can lead to increased productivity, efficiency, and profitability over time. MGSN Legal #ETHICALCOMPLIANCE is good…