IIp3_0609.qxd 23/6/09 15:13 Page 3
June 2009
03
Investment
INTERNATIONAL
Comment
Contents
Jonathan Ball, editor
4 News
7 Letter from America
S
o Gordon Brown clings onto power, despite the appalling
election results for the Labour Party. In the end nobody was
Assuming he
9 Investment and Tax Clinic
willing to challenge him, perhaps because the prospect of
In the first of a new series
being Premier for little more than a year in a country going
does win,
international tax through economic turmoil is not a great enticement.
consultants Milestone It remains to be seen whether someone makes a further effort
Cameron’s
chart a course through this
to unseat the Prime Minister in the autumn, especially if Labour
complex area
remains deeply rooted at their current abysmal poll rating.
room for
11 Life in Dubai But whoever leads the Labour Party it looks increasingly likely
Halifax International
that the man depicted on this month’s cover, David Cameron,
manoeuvre
provide an in-depth
will become Prime Minister at some stage in 2010. The
analysis of life in the
Conservatives continue to command a dominating lead in the
will be
Emirate
opinion polls, a lead of such magnitude it is difficult to see them
15 Bupa International
relinquishing it before the election.
greatly
Dr Sneh Khemka, Medical
And what does this mean for the investor?
Director at Bupa
Already there are signs of a pick-up in the global economy.
curtailed
International, continues
with the organisation’s
Activity across the world fell savagely in the wake of the credit
articles on the medical
crunch, and markets are slowly but surely beginning to increase
facts of life
their operations.
18 HSBC expat survey
But global economic activity is at nothing like the same level as
The final part of the HSBC
it was before the crunch hit. Whoever is Prime Minister – and the
Bank International expat
same applies to the leader of any major Western power – will be
survey
faced with unprecedented financial difficulties. The policy of
22 Focus on property
quantitative easing is storing up immense levels of debt that will
AB Property with an
eventually have to be repaid. Assuming he does win, Cameron’s
analysis of the current
room for manoeuvre will be greatly curtailed. It will be interest-
state of the Spanish ing, to say the least, to see how Cameron copes with the myriad
property market of problems he will face. Let us hope he proves worthy of the
23 Inheritance Tax
challenge. Reputedly, Barack Obama described him as a ‘light-
A leading law firm with a weight’ after their meeting. Cameron still has a lot to prove.
critique of what is arguably Untried and untested, he will face greater challenges than any
the most unpopular tax
previous incoming Prime Minister of recent times.
25 Banking in Paris
A French bank
summarises its recent
Editor Issue 226: June 2009
commercial activity Jonathan Ball, 0207 490 0739
27
Jonathan@thepublishinggroup.co.uk
ADVICE TO READERS
International mortgage
Information carried in Investment International is
Investment
Head of PR & Events
checked for accuracy, but we recommend that you make
INTERNATIONAL
plans
Charlotte Sayer, 0207 490 0693
enquiries and, if necessary, take legal advice before
Adrian Wright provides a
Charlotte@thepublishinggroup.co.uk
entering into any transactions. Any views or opinions
expressed in this magazine are solely those of the author
typically robust
Publisher
and do not necessarily represent those of The Publishing
Group Ltd.
Marco Callegari, 0207 490 0703
assessment of the current
Marco@thepublishinggroup.co.uk
All rights reserved in respect of all articles, drawings, pho-
tographs etc published in Investment International any- Printed in England by The Magazine Printing Company
state of play
Managing Director
where in the world. Reproduction or imitations of these are Distributed by Norwood Mailing
Ramesh Sharma, 0207 490 0719
expressly forbidden without permission of the publishers.
29 Comment and analysis
Ramesh@thepublishinggroup.co.uk
Editorial contributions requiring an answer should be The text and cover papers used in this publication are
accompanied by a stamped self-addressed envelope. No sourced from sustainable forest products and are fully
responsibility can be taken for contributions lost or dam- recyclable.
from Internaxx/Fortis
Subscriptions
aged in the post. Conditions of sale and supply: this period-
Andrew Goldsmith, 0207 490 0622 ical is sold subject to the following conditions, namely that
31
Andrew@thepublishinggroup.co.uk
it shall not without the prior written consent of the publish-
Offshore Funds Tables
ers be lent, resold, hired out or otherwise disposed of in a
Head of Production
mutilated condition or in any unauthorised cover by way of
Melanie Jones, 020 8290 4999
trade or affixed to any advertising, literary or pictorial mat-
ter whatsoever. All advertising is subject to the terms of
melanie@em-jays.co.uk
our current rate card.
www.investmentinternational.com June 2009 Investment International
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36