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Word: legality (lookup in dictionary) (lookup stats)
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...company may have sold his property twice. "I thought Dubai looked like the safest place to invest in the Middle East," he says. "They appeared to have laws that would protect investors." But Dubai's real estate regulatory body was set up just two years ago. And Dubai's legal system gives no right to bring class-action suits, leaving Knight and his group drawing names out of a hat to see which of them gets to go first...

Author: /time Magazine | Title: Dubai's Sand Castles | 5/25/2009 | See Source »

...country accustomed to surprises from its government, Nicaraguans received another curiosity on May 15 when they awoke to find that the Central Bank, moving in the night as stealthily as the Tooth Fairy, had snuck a new legal tender into their economy while the markets were sound asleep...

Author: /time Magazine | Title: For Nicaraguans, New Currency Is a Hot Potato | 5/23/2009 | See Source »

...public's suspicion of the new bills has been validated by serious legal concerns by economists and opposition lawmakers. Several legislators have pointed out that the new bills were printed without the signature of the Minister of Finance, as required by the country's Monetary Law, effectively making them fake bills. "These bills are illegal and worthless and should only be used to play Monopoly," says opposition legislative leader Wilfredo Navarro. "President Daniel Ortega is a counterfeiter. That's the level things have gotten to in Nicaragua these days." The lawmaker, a member of the legislature's Economic Commission, says...

Author: /time Magazine | Title: For Nicaraguans, New Currency Is a Hot Potato | 5/23/2009 | See Source »

...know what the laws say, including the government. "In this country, we pass laws and we don't know what they say and we don't care," he says. "This is an outlaw country." Still, Aguirre predicts, the issue of the new currency and whether it's legal or not is a case of a "tempest in a teapot" - an issue that will fade away as soon as the inevitable next crisis comes around. (Read a story about Nicaragua's vampire problem...

Author: /time Magazine | Title: For Nicaraguans, New Currency Is a Hot Potato | 5/23/2009 | See Source »

...other than procedural decisions and the final verdict. That same month, a defense lawyer for Moustafa confirmed to CNN that his client had been romantically involved with the singer, and that he had been unable to take Tamim as a second wife because his family had objected. (Polygamy is legal in Egypt...

Author: /time Magazine | Title: Hisham Talaat Moustafa: Egypt's Condemned Tycoon | 5/22/2009 | See Source »

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