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Old 21.01.2012, 08:37
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Re: Fund management entity structures: Is this legal?

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Well he lost the first case in a normal court then appealed on Human Rights grounds.

So letter of law says ilegal but the it changed ruling due to human rights , was due to rite to work
So. A lower court ruled against. A higher court ruled in favour, because the lower court hadn't considered an important point: human rights. So the law is: it is legal. It cannot be the "letter of the law says illegal". In order for the verdict to be overturned by a higher court, the initial law must have had ambiguity.

It's also important to differentiate between something not being legal, and something actively being criminal. For example, the Home Secretary in the UK has occasional issued some decree which turns out not to be lawful. That doesn't make him a criminal (under law, at least!)

The reason why this is important, is that declaring someone broke the law, or they've done something criminal, when they haven't, is libel. Which is something you really don't want to commit.

But it is good that Reb77Br raised this important information, which may well have an effect on someone wishing to invest with his man's business. He may well be perfectly capable of acting with complete propriety even in the face of the apparent conflict of interest, but I wouldn't risk it. Reb77Br has shown that a little bit of investigation into perfectly public information can reveal some very interesting facts.
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