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Much ink has been spilled, recently, on the subject of insider trading. This follows the high profile legal standoff between a leading Irish Plc, Fyffes, and one of its former directors, Jim Flavin, founder of another high profile quoted company, DCC. A succession of findings issued by the High Court, the Supreme Court, and most recently a High court Inspector, Bill Shipsey, may have left many in a state of some confusion.
The Supreme Court overturned the High Court's not guilty verdict in the most significant insider trading case of recent years in November 2007. It concluded that the High court erred in concluding that information in the possession of Jim Flavin, the Fyffes director accused of insider trading, was not price sensitive. The case is of limited value in interpeting

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Easing of Davos blues..

Easing of Davos blues..

edoyle, Feb 02, 2010

Uncategorized

Many of the elite of international business and politics gather, each year, at the Swiss resort of Davos to feel each others' pulse. The World Economic Forum may attract "the great and the good", but as an event it is less staged than the great organised photocalls of statesmen and women gathered at a G8 or G20 event. This year, an energetic debate took place between some of the West's top bankers and a posse of regulators and economists led by the Chairman of Britain's Financial Services Authority, Lord Adair Turner and the French President Nicolas Sarkozy. It is no surprise that banking was at the top of the agenda. While talk of another Great Depression has disappeared, few anticipate a strong recovery in the countries most hit by the financial crisis.

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