Word: settlements
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Could the credit crunch get you out of paying that pesky divorce settlement? That's the teaser before London's Court of Appeal after Brian Myerson, a fund manager in the city, asked a panel of judges Wednesday to nix the $15.2 million agreement reached last March with his ex-wife Ingrid. The reason: turmoil in the markets has effectively wiped out his share of the couple's spoils. A ruling in Myerson's favor could see a tide of wealthy divorcees heading back to court in search of sweeter deals...
...will be key to Myerson's case. While Pointer, his lawyer, claimed in court recent events were indeed "unforeseeable and unforeseen", Nicholas Mostyn, representing Myerson's ex-wife, hit back that "the present downturn was totally foreseeable and indeed well under way" at the time of the couple's settlement a year ago. Moreover, Mostyn argued, as a fund manager, Brian Myerson knew as well as anyone that shares can go up as well as well as down. "He agreed in exchange for having a majority of the assets to assume the risk," Mostyn argued. "It is too late...
...United States has reconfirmed and recognized the fact that such disputes will not be settled by a single country. In other words, when it comes to an exercise of power by the United States alone, then Japan is not able to go along. But if the international dispute settlement is arranged within the U.N. framework, with the cooperation of the international community, then my view is that Japan should be proactive in rendering support as much as possible. That position is starkly different from the position taken...
...Japan has," Ozawa puts some daylight between himself and Washington. He told TIME: "When it comes to an exercise of military power which will be implemented or carried out by the U.S. alone, then Japan is not able to go along with the U.S. But if the international dispute settlement is to be arranged within the United Nations framework, with the cooperation of the international community, then ... Japan should be proactive in rendering support as much as possible...
Three years ago, on a desperately cold day in the Himalayan winter of 2006, Tashi and his two friends reached Lhasa after a long trek from their nomadic settlement in Tibet's Ambdo province. From there, they telephoned their families to tell them they were going across the border, to Dharamsala in India, to see the Dalai Lama and get an education. The families were worried - in addition to the risk of being caught fleeing Tibet, the boys faced an even more arduous, monthlong trek through innumerable snow-covered passes. Each was barely out of his teens and had paid...