Russian invasion of Ukraine

bluenova said:
1 Still feels like a loophole. I can appreciate a publicly listed multinational (although would they Chairman/CEO be the people who the PL considered owners?), but a privately owned company seems to be a different kettle of fish. Surely it makes the whole set of rules pointless? Wouldn't it mean that effectively City have no owners at all as far as the PL is concerned?

2. Do you have a link to that bit of the constitution. I can see the Federal Supreme Council matching what you've said, but the Council of Ministers appears to be an executive body.
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It is a loophole but for the purposes of sanctions it won't work.

Opaque business and ownership structures have been used to attempt to stay out of the reach of sanctions but it's just stalling for time.

If an individual is sanctioned, their assets are sanctioned.

Chelsea weren't directly owned by Abramovich either. They were still subject to sanctions.
 
bluenova said:
1 Still feels like a loophole. I can appreciate a publicly listed multinational (although would they Chairman/CEO be the people who the PL considered owners?), but a privately owned company seems to be a different kettle of fish. Surely it makes the whole set of rules pointless? Wouldn't it mean that effectively City have no owners at all as far as the PL is concerned?

2. Do you have a link to that bit of the constitution. I can see the Federal Supreme Council matching what you've said, but the Council of Ministers appears to be an executive body.
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1 The PL‘s test is the Owners and Directors test so there is no loophole, the PL can simply go after the Directors without having to change anything. CFG in any case must pass the test in just the same way as an individual.
2. Sorry, it is several years since I researched this, so no link. Maybe things have changed. Don’t be confused by equating names of positions or bodies to the UK equivalent e.g. Deputy PM.
The Council of Ministers is an alternative title to the Cabinet.
In this guise it appears to have a co-ordinating role between the different emirates but it seems that legislation does not originate there, rather some administrative rules.
Note that there is no mention of ‘Prime Minister’ in the constitution, so how do you have a DPM?! All, I think, is deliberately obscure. It’s a fudge to keep all on board the federal train.
If it came to the crunch, I’m sure Mansour’s lawyers could prove he had nothing to do with anything!
 
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The Stockport Iniesta said:
Zelenskyy mentioned the grain ships, so it seems like some sort of protection for them. Air defences would help protect Odessa but the shipping at sea? The only way you could really protect them would be with a naval escort, but that's not happening.
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I'd imagine even a naval escort isn't much protection against modern long range artillery and submarine drones.
 
KS55 said:
1 The PL‘s test is the Owners and Directors test so there is no loophole, the PL can simply go after the Directors without having to change anything. CFG in any case must pass the test in just the same way as an individual.
2. Sorry, it is several years since I researched this, so no link. Maybe things have changed. Don’t be confused by equating names of positions or bodies to the UK equivalent e.g. Deputy PM.
The Council of Ministers is an alternative title to the Cabinet.
In this guise it appears to have a co-ordinating role between the different emirates but it seems that legislation does not originate there, rather some administrative rules.
Note that there is no mention of ‘Prime Minister’ in the constitution, so how do you have a DPM?! All, I think, is deliberately obscure. It’s a fudge to keep all on board the federal train.
If it came to the crunch, I’m sure Mansour’s lawyers could prove he had nothing to do with anything!
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1. That makes more sense. Our chairman is also very much involving in running the UAE Government.

2. There does appear to be a Prime Minister in real life. The DPM role appeared only relatively recently. Prior to that I know there were Vice Presidents, which it was argued were more Charley roles, but pretty sure our "owner" is involved in actually running the country.
 
BlueAnorak said:
Our Sheikh Mansour Is Vice-President and Deputy Prime Minister of the UAE. About as political as you can get in UAE. He wasn't when he bought City but he is now.
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But law making is a separate issue from politics. In this case the question is whether Mansour was active in the decision not to sanction Russia. I think his lawyers would say he was not as he is not a member of the law making Council of Ministers/ Executive Council. Hint: all the press and our enemies go after the wrong man, which shows they don’t do the simplest of homework.
Remember I talked about fudging? The Cabinet is chaired by the prime minister who reports to the President. That is, the Emir reports to himself. The prime minister is not mentioned in the constitution.
 
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