Free Essay

Describe the Range of Drugs Traded Illegally and Their Forms of Trading

In:

Submitted By Plymthguy
Words 1722
Pages 7
Describe the range of drugs traded illegally and their forms of trading.

All kinds of drugs can be traded illegally, from alcohol and tobacco through to class ‘A’ drugs such as Heroin, Cocaine and Ecstasy.
Alcohol a depressant and is the oldest and the most widely used drug in the world. In its pure form it is a colourless and tasteless liquid that is produced by fermentation. It is legal to sell alcohol, in the form of beer, wines or spirits in correctly licensed premises to over 18 year olds.

Acording to the UK Border Agency in the last week of November 2010 over 300,000 litres of beer, cider, wine and spirits worth over £1million, were seized at ports across the south of England alone. The alcohol was detained because it is believed that the traders involved were attempting to avoid paying excise duty & VAT. Had the alcohol not been seized it is believed that it would have been sold on the black market resulting in over £900,000 of revenue being lost to HM Treasury.

Amphetamines are synthetic stimulants, under the Medicines Act they are Prescription Only Drugs. In powder, tablet or capsule form they are a class B drugs but if prepared for injection become class A. Methamphetamine can be smoked, snorted, orally digested or injected. Speed is the most common amphetamine and is usually found in powder form, Base is an oily, sticky or waxy paste and Ice (crystal methamphetamine) comes in crystal or crystalline powder form, overall purity can range between 1 and 99% with an average of around 43%.

The majority of amphetamines consumed in the UK are actually produced in the UK in secret laboratories that can be quite small and highly mobile. Amphetamines fall into the category of Party Drugs and would be used and supplied by some people who frequent nightclubs, raves and similar events to excite and enhance their experiences.

Cannabis is the most widely used illegal drug throughout the UK. It is a naturally occurring drug made from the leaves, flowers, stems and seeds of the Cannabis plant (Cannabis sativa and Cannabis indica), it’s a sedative (depressant) and also a mild hallucinogen. Cannabis comes in three forms, Hash which is a black or brown resin, Hash Oil which is a dark-honey coloured sticky oil and Grass or Weed (Herbal) which is the dried components of the cannabis plant that resembles dried herbs, all of which are illegal to cultivate, possess, use or supply. In 2004 Cannabis was reclassified from a class B to a class C drug but as part of the Governments Drug Strategy it was reclassified back up to class B in January 2009.

As all drugs are a generator of profit, organized crime is involved in the cultivation and the distribution of cannabis along with its importation into the UK particularly from the Netherlands and Morocco.

Cocaine is an extremely powerful class ‘A’ drug extracted from the leaves of the coca bush, it rapidly stimulates the brain. Commonly available as a fine white powder (coke) that is snorted up the nose through a straw or rolled up banknote, purity levels of coke average 22% usually cut with sugar, starch or talcum to increase volume. Crack Cocaine comes in the form of a crystallised rock about the size of a raisin (apparently it makes a cracking sound when burnt), usually smoked in a pipe or glass tube or even a simple foil wrap, average purity about 31%. Both powder and crack forms, can be prepared into solution for injection. Coca leaf for commercial distribution is only grown in three South American countries, Bolivia, Colombia and Peru hence there is no local production of cocaine. Powerful, heavily armed Colombian cartels control the production and worldwide distribution of cocaine and there is suggestion that Colombians residing in the UK are involved in its importation, hence ethnic based crime syndicates are involved in its UK distribution.

Ecstasy is a powerful class ‘A’ synthetic, stimulant drug again classed as a Party Drug. Used recreationally especially in the dance scene (raves), ecstasy is a mood changer that speeds up the bodies system, generating a pleasurable energy buzz with an alert wide-awake feeling usually with the urge to dance. Whether or not ecstasy causes hallucinations is arguable. The primary active ingredient is methylenedioxymethamphetamine (MDMA), a white crystalline powder that alone can be known as ecstasy. Ecstasy sold on the street is generally in tablet form of various colours usually with a logo or picture stamped into them. These tablets are very rarely pure, they are cut with cheaper amphetamines or caffeine.

Though there is evidence that Ecstasy is being produced in Asia much of the seized ecstasy in this country has originated in Europe, especially the Netherlands, which is the world’s major producer. Drug syndicates and organized crime groups import the drug, often in conjunction with heroin smuggling, dealt down to reach the young party dweller sourced through friends and acquaintances.
Hallucinogens or Psychedelics, mainly class ‘A’ party type drugs, can be naturally occurring such as Mescaline from the peyote cactus and Psilocybin from certain types of mushroom or synthetic such as LSD (Lysergig Acid Diethylamide), produced by chemical process. They are drugs that affect a person's perceptions, sensations, thinking, self-awareness, and emotions. LSD is sold on the street in tablet or capsule form for oral use but it’s more popular form is impregnated onto absorbent paper such as blotting paper and divided into decorated squares, each square representing one dose. It can also be produced into powder or liquid form that can be snorted, smoked or injected. The liquid form can be rubbed onto and absorbed through the skin to attain the same effect. Normally pure, LSD is very complicated to produce and is not believed that any is manufactured in the UK the bulk found in the UK is imported from the US. Alternatives to LSD are Mescaline, not as strong but its effects are similar, usually smoked or swallowed, comes in capsule and tablet form or Ketamine a synthetic class ‘c’ drug, a powerful general anaesthetic that depresses the nervous system and causes temporary loss of body sensation and causes hallucinations similar to those of LSD.

At this moment in time, Magic Mushrooms, whether raw or prepared (dried or stewed) are graded as class ‘A’ drugs, they can be eaten raw, made into a drink or added to food. About 30 varieties of hallucinogenic mushrooms grow naturally in the UK, available free should one know which to pick and where to pick them.

Heroin is a highly addictive class ‘A’ drug derived from morphine, which is obtained from the opium poppy, papaver somniferum. It is a depressant that slows down the activity of the central nervous system and interferes with the brains ability to perceive pain (physical and psychological) and hunger, after injecting the effects are immediate, generating a rush of intense pleasure, warmth and well-being. Pure heroin (diamorphine) is in the form of a white powder but by the time it has reached the streets and the end user it can be any colour from off white to a dark brown due to the additives that are cut with it. Additives in the past have been found to be nutmeg and brick or gravel dust, more commonly though it is cut with powdered milk, sugar or starch. The end user will have no way of determining the purity or the additives. Usually injected though can be smoked, snorted or its vapour after heating up can be inhaled. There is a cruder form of heroin that is made from codeine, known as home bake. There are also substitutes for heroin that have been developed to tread addicts and wean them away from the drug, these include opiate substances like methadone and subutex.
Opium is grown in many parts of the world including the UK. The bulk illicit production areas are the Golden Crescent (Iran, Afghanistan and Pakistan) and the Golden Triangle (Thailand, Burma and Laos) and Mexico and Colombia in South America. Organised crime, Colombian cartels and the Taliban amongst others are involved in the production and importation of heroin and small crime groups are responsible for its local distribution.

Inhalants also solvents, fall into the group of volatile substances whose chemical vapours can be inhaled to produce psychoactive (mind altering) effects. Solvents cover a huge number of everyday substances; cigarette lighter gas, aerosols like hairspray and deodorant, glues, paints thinners and other petroleum products. Most inhalants are depressants; they slow down the brain and central nervous system and create similar effects to alcohol including slurred speech, lack of coordination, euphoria and dizziness.
Most inhalants are everyday products, which have practical uses, and therefore possession of such items is not illegal. What is illegal is for shopkeepers to sell gas refills and solvent products to persons under 18 years old.

Pharmaceuticals are medicines usually obtained from chemist shops either by prescription or over the counter, their intended use is to cure, treat or prevent disease and illness. Their illicit use classes the drugs as class ‘C’. Commonly abused pharmaceuticals include painkillers, such as morphine, diamorphine and methadone, Central Nervous System (CNS) depressants, used to tread anxiety and sleep disorders, including barbiturates and Valium, CNS stimulants (amphetamines), prescribed to increase alertness, concentration and physical endurance, such as benzodiazepines, treatment for insomnia.
Some abusers could mix pharmaceutical drugs into cocktails, without possibly knowing what the resulting effect the cocktail could be? There are various ways that these drugs can be obtained and traded, direct theft or burglary of the drugs, forged or repeated prescriptions or even illicit Internet sites.

Steroids are synthetically produced variants of the naturally occurring male sex hormone testosterone, “Anabolic” refers to muscle-building, and “androgenic” refers to increased male sexual characteristics. They are prescribed legally for treatment of body wasting diseases such as Aids or cancer and to encourage late puberty.
Mainly abused by bodybuilders to increase muscle bulk and strength to enable longer and harder training sessions, usually injected intramuscularly but can also be in oral form. Other than by prescription, the use and supply of steroids is against the law, they are illegally obtained over the Internet, by convincing a doctor or vet of their need or from dealers in gyms.

Similar Documents

Premium Essay

Akiz Group

...Company Overview Akij Group History of Akij Group stretches back to later part of the forties. In its infancy, the Group started in humble way with jute trading which was known as the golden fiber of the country, earning highest amount of foreign exchange. Akij Group's ceaseless efforts with dynamic management and support from our numerous clients have led our Group in diversifying its business activities. In the second phase, the Group went into manufacturing handmade cigarettes popularly known as bidis. This sector gave a real boost to the revenue earning of the Group as well as making a substantial contribution to government exchequer. With the passage of time, the Group undertook new ventures and presently there are 15 units of industries under its umbrella like cigarettes, handmade cigarettes, printing & packaging, textiles, hand board, pharmaceutical, leather processing and real-estate business are in operation, catering jobs for more that 32,000 people in various categories. The Group has plans for setting up more projects. The projects are already in pipeline. Foreign investors have shown keen interest in joining with us for joint ventures. The matter is under our active consideration and will hopefully soon mature. This will also help the nation's economy growth and will create job opportunities to various professionals. Akij Group is also involved in socio-cultural activities. The Group has been operating a sizeable orphanage free of charge in district town...

Words: 14023 - Pages: 57

Premium Essay

Student

...高盛财经词典 - 汉英对照 中文词句 安静申请 English Terms Quiet Filing English Definitions The name given to an IPO filing where important details are intentionally excluded. Sent to the SEC in order to begin the process of issuing a new security, these details must be submitted through amendments. This form of filing generally takes longer than the conventional methods. 安全投资转移 Flight to Quality When investors move their capital to the safest possible investment vehicle. It is usually caused by uncertainty in the financial markets. 按比例 巴黎俱乐部 Pro Rata Paris Club Used to describe a proportionate allocation. A monthly meeting, taking place in Paris, between the creditors of 19 countries for the purpose of discussing debt issues. Among other things, the Paris Club addresses the issue of coordinated debt relief for developing countries that cannot service their debt. 白皮书 White Paper An informational document issued by companies trying to promote or highlight the significance of a planned product or service 白武士 White Knight A company that makes a friendly takeover offer for the control of a target company that is being faced with a hostile takeover from a separate party. 白象 White Elephant Any investment that nobody wants because it is a money loser. 半可变因素 Semi-Variable Cost A cost composed of a mixture of fixed and variable components. Costs are fixed for a set level of production or consumption, becoming variable after the level is exceeded. 半年 保管人 Semi-annual Custodian An event that occurs twice in...

Words: 41444 - Pages: 166

Free Essay

Internship

...Business and management terms dictionary 21-Gun Salute - Traditional honour given to royalty and heads of state, derived from the old signal of peaceful intent, when multiple firing practically removed capability for immediate threat due to re-loading time. 24-Carat/Karat - The purest form of gold (karat is US-English spelling, too soft for jewellery, hence gold jewellery is made of 22-carat, 18-carat, or 9-carat gold, etc., in which other metals such as copper are mixed. Carat is a measure of purity in which 24 parts equate (virtually) to 100% gold. 18-carat is therefore 75% gold. Less than 10-carat gold is generally not sold as gold. The carat measure of diamonds is different, for which carat is a measure of weight (1 carat = 200mg). 24-hour Society - Refers to a way of life available to many in the modern world in which people can work socialize, shop, bank, etc., 24 hours a day. The phenomenon has caused significant new thinking in business, management, marketing, etc., and continues to do so. ...

Words: 64727 - Pages: 259

Premium Essay

Coffee Shop Feasibility

...CHAPTER I: Marketing Aspect * Visibility…………………………………………………………………………… * Accessibility to Target Market …………………………………………………. * Accessibility to Raw Materials ………………………………………………….. * Accessibility to Utility Service Providers……………………………………….. * Market Analysis…………………………………………………………………. * Market Survey result……………………………………………………………. * Competitors……………………………………………………………………… * Analysis of Competitors…………………………………………………………..CHAPTER II: Technical Aspect * Land area Description …………………………………………………………… * Layout………………………………………………………………………….. * Equipment/Materials …………………………………………………………. * Pricing Method/Recipe Quantification………………………………………. CHAPTER III: Management Aspect * Organizational Chart………………………………………………………….. * Forms of Management…………………………………………………………. * Job Description …………………………………………………………………. * Job Specification………………………………………………………………. * Employee benefit ………………………………………………………………. * Employee Status………………………………………………………………… * Other company Policies and Procedures …………………………………….. * Offenses / Sanctions …………………………………………………………….CHAPTER IV: Socio Economic Aspect * Contribution to the customers...

Words: 5123 - Pages: 21

Premium Essay

Porter

...The Industry Handbook http://www.investopedia.com/features/industryhandbook/ Thanks very much for downloading the printable version of this tutorial. As always, we welcome any feedback or suggestions. http://www.investopedia.com/contact.aspx Table of Contents 1) The Industry Handbook: Introduction 2) The Industry Handbook: Porter's 5 Forces Analysis 3) The Industry Handbook: The Airline Industry 4) The Industry Handbook: The Oil Services Industry 5) The Industry Handbook: Precious Metals 6) The Industry Handbook: Automobiles 7) The Industry Handbook: The Retailing Industry 8) The Industry Handbook: The Banking Industry 9) The Industry Handbook: Biotechnology 10) The Industry Handbook: The Semiconductor Industry 11) The Industry Handbook: The Insurance Industry 12) The Industry Handbook: The Telecommunications Industry 13) The Industry Handbook: The Utilities Industry 14) The Industry Handbook: The Internet Industry Introduction Industry analysis is a type of investment research that begins by focusing on the status of an industry or an industrial sector. Why is this important? Each industry is different, and using one cookie-cutter approach to analysis is sure to create problems. Imagine, for example, comparing the P/E ratio of a tech company to that of a utility. Because you are, in effect, comparing apples to oranges, the analysis is next to useless. In each section we'll take an in-depth look at the different valuation techniques and buzz words...

Words: 25936 - Pages: 104

Premium Essay

Oecd

...OECD INSIGHTS International Trade Free, Fair and Open? Patrick Love and Ralph Lattimore ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT The OECD is a unique forum where the governments of 30 democracies work together to address the economic, social and environmental challenges of globalisation. The OECD is also at the forefront of efforts to understand and to help governments respond to new developments and concerns, such as corporate governance, the information economy and the challenges of an ageing population. The Organisation provides a setting where governments can compare policy experiences, seek answers to common problems, identify good practice and work to co-ordinate domestic and international policies. The OECD member countries are: Australia, Austria, Belgium, Canada, the Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Japan, Korea, Luxembourg, Mexico, the Netherlands, New Zealand, Norway, Poland, Portugal, the Slovak Republic, Spain, Sweden, Switzerland, Turkey, the United Kingdom and the United States. The Commission of the European Communities takes part in the work of the OECD. OECD Publishing disseminates widely the results of the Organisation’s statistics gathering and research on economic, social and environmental issues, as well as the conventions, guidelines and standards agreed by its members. This work is published on the responsibility of the Secretary-General of the OECD. The opinions expressed...

Words: 62072 - Pages: 249

Premium Essay

Adv Appeals

...company shares, and partnerships W5 W1.1.4 Other contracts W6 W1.1.5 Restitution to children W6 W1.1.6 The liability of children W6 W1.2 Mental incapacity, drink, and drugs W8 W1.3 Companies W10 W1.4 Public authorities W11 Web 2 Illegality and public policy W13 W2.1 What are illegal contracts? W14 W2.1.1 Statutory illegality W14 Diagram W2A Overview: Categories of illegal contracts W15 W2.1.2 Common law illegality W16 W2.1.2.1 Contracts to commit a crime W17 W2.1.2.2 Contracts made for the deliberate commission of a civil wrong W17 W2.1.2.3 Contracts interfering with the administration of justice W17 W2.1.2.4 Contracts to oust the jurisdiction of the courts W18 W2.1.2.5 Contracts prejudicial to the state W18 W2.1.2.6 Contracts which further sexually immoral purposes W19 W2.1.2.7 Contracts prejudicial to family life W19 W2.1.2.8 Contracts unduly restrictive of personal liberty W20 W2.1.2.9 Contracts in restraint of trade W20 W2.1.2.10 Restrictive trading and analogous agreements W24 W2.1.3 Illegality and unfairness W24 W2.2 The effects of illegality W25 W2.2.1 The enforceability of the contract W26 W2.2.1.1 Illegality at formation W26 web contents ii WEB CONTENTS Diagram W2B The enforceability of illegal contracts W27 W2.2.1.2 Intention to achieve an illegal purpose or perform illegally W28 W2.2.1.3 Subsequent illegality of means W30 W2.2.1.4 Severance W31 W2.2.2 The availability of restitution W31 Diagram W2C Restitution of benefi ts transferred under...

Words: 18849 - Pages: 76

Premium Essay

Josh

...Español | Français | Русский | USINFO > Publications An Outline of the U.S. Economy Related Item USA Economy in Brief CONTENTS Continuity and Change This volume was prepared for the U.S. Department of State by Christopher Conte, a former editor and reporter for the Wall Street Journal, with Albert R. Karr, a former Wall Street Journal reporter. It updates several previous editions that had been issued by the U.S. Information Agency beginning in 1981. How the U.S. Economy Works The U.S. Economy: A Brief History Small Business and the Corporation Stocks, Commodities, and Markets The Role of the Government in the Economy Monetary and Fiscal Policy American Agriculture: Its Changing Significance (Posted February 2001) Labor in America: The Worker's Role Other Language Versions: Foreign Trade and Global Economic Policies Afterword: Beyond Economics Glossary Executive Editor: George Clack | Editor: Kathleen E. Hug | Art Director: Barbara Long Illustrations: Lisa Manning | Internet Editor: Barbara Long This site is produced and maintained by the U.S. Department of State's Bureau of International Information Programs. Links to other internet sites should not be construed as an endorsement of the views contained therein. Home | About USINFO | Site Index | Webmaster | Privacy Topics | Regions | Resource Tools | Products | | Continuity and Change How the U.S. Economy Works The U.S. Economy: A Brief History Small...

Words: 49743 - Pages: 199

Free Essay

Cams

...Study Guide for the Certification Examination Fifth Edition ACAMS.org ACAMS.org/español ACAMSToday.org MoneyLaundering.com Study Guide for the Certification Examination Fifth Edition a publication of the association of certified anti-money laundering specialists Study Guide for the Certification Examination Fifth Edition Executive Vice President John J. Byrne, CAMS Editor Robert S. Pasley, CAMS Co-Editor Kevin M. Anderson, CAMS Contributors Joyce Broome, CAMS Heather Brown, CAMS Aub Chapman, CAMS Vasilios Chrisos, CAMS David Clark, CAMS Jurgen Egberink, CAMS Michael D. Kelsey, CAMS Saskia Rietbroek, CAMS Nancy J. Saur, CAMS Mansoor Siddiqi, CAMS Daniel Soto, CAMS Timothy White CAMS Production Assistant Catalina Martinez We would like acknowledge the following individuals for their contributions to the CAMS Exam, and the Online and Live Preparation Seminars: Kevin M. Anderson, CAMS Joyce Broome, CAMS Aub Chapman, CAMS David Clark, CAMS Josue Garcia, CAMS Hoi Luk, CAMS Ira Morales Mickunas, CAMS Robert S. Pasley, CAMS Karim Rajwani, CAMS Mansoor Siddiqi, CAMS Saskia Rietbroek, CAMS Ed Rodriguez, CAMS Nancy J. Saur, CAMS Wendy Steichen, CAMS Brian J. Stoeckert, CAMS Charles Taylor, CAMS Will Voorhees, CAMS Natalie Ware, CAMS Peter Warrack, CAMS Amy Wotapka, CAMS Crispin Yuen, CAMS Copyright © 2012 by the Association of Certified Anti-Money Laundering Specialists (ACAMS). Miami, USA. All rights...

Words: 105184 - Pages: 421

Premium Essay

Summary of Diversity Amid Globalization

...Domain-----------------------------------------------------------------39 Central Asia-----------------------------------------------------------------------------42 East Asia---------------------------------------------------------------------------------45 South Asia-------------------------------------------------------------------------------47 Southeast Asia-------------------------------------------------------------------------50 Australia and Oceania---------------------------------------------------------------57 Conclusion------------------------------------------------------------------------------60 Bibliography----------------------------------------------------------------------------61 Introduction Diversity Amid Globalization Project is organized to describe and explain the major world regions of Asia, Europe, Africa, the Americas, and so on. The content is of world regional geography that explicitly recognizes the geographic changes accompanying globalization. With this focus we join the many who argue that globalization is the...

Words: 16166 - Pages: 65

Premium Essay

Investment Bank

...Careers in Investment Banking WetFeet Insider Guide 2005 Edition The WetFeet Research Methodology You hold in your hands a copy of the best-quality research available for job seekers. We have designed this Insider Guide to save you time doing your job research and to provide highly accurate information written precisely for the needs of the job-seeking public. (We also hope that you’ll enjoy reading it, because, believe it or not, the job search doesn’t have to be a pain in the neck.) Each WetFeet Insider Guide represents hundreds of hours of careful research and writing. We start with a review of the public information available. (Our writers are also experts in reading between the lines.) We augment this information with dozens of in-depth interviews of people who actually work for each company or industry we cover. And, although we keep the identity of the rank-and-file employees anonymous to encourage candor, we also interview the company’s recruiting staff extensively, to make sure that we give you, the reader, accurate information about recruiting, process, compensation, hiring targets, and so on. (WetFeet retains all editorial control of the product.) We also regularly survey our members and customers to learn about their experiences in the recruiting process. Finally, each Insider Guide goes through an editorial review and fact-checking process to make sure that the information and writing live up to our exacting standards before it goes out the door. Are we perfect...

Words: 33719 - Pages: 135

Premium Essay

Manager

...calls for a major change in their approach to learning. This introduction is intended to provide students with some basic information about the case method, and guidelines about what they must do to gain the maximum benefit from the method. We begin by taking a brief look at what case studies are, and how they are used in the classroom. Then we discuss what the student needs to do to prepare for a class, and what she can expect during the case discussion. We also explain how student performance is evaluated in a case study based course. Finally, we describe the benefits a student of management can expect to gain through the use of the case method. WHAT IS A CASE STUDY? There is no universally accepted definition for a case study, and the case method means different things to different people. Consequently, all case studies are not structured similarly, and variations abound in terms of style, structure and approach. Case material ranges from small caselets (a few paragraphs to one-two pages) to short cases (four to six pages) and from 10 to 18 page case studies to the longer versions (25 pages and above). A case is usually a “description of an actual situation, commonly involving a decision, a challenge, an opportunity, a problem or an issue faced by a person or persons in an organization.”1 In learning with case studies, the student must deal with the...

Words: 239776 - Pages: 960

Premium Essay

Diamond Essay

...MIcroeconomics: Markets, Methods & Models Douglas Curtis and Ian Irvine | Version 2014/2015 $ ADAPTED OPEN TEXT FORMATIVE ONLINE ASSESSMENT COURSE SUPPLEMENTS COURSE LOGISTICS & SUPPORT a d v a n c i n g l e a r n i n g www.lyryx.com Copyright This work is licensed under a Creative Commons AttributionNonCommercial-NoDerivs 3.0 Unported License. http://creativecommons.org/licenses/by-nc-nd/3.0/deed.en_GB Douglas Curtis and Ian Irvine Edition 1.11 This edition is differentiated from the first edition solely by minor editorial adjustments. Content has not been altered. Microeconomics: Markets, Methods and Models About the Authors Doug Curtis is a specialist in macroeconomics. He is the author of twenty research papers on fiscal policy, monetary policy, and economic growth and structural change. He has also prepared research reports for Canadian industry and government agencies and authored numerous working papers. He completed his PhD at McGill University, and has held visiting appointments at the University of Cambridge and the University of York in the United Kingdom. His current research interests are monetary and fiscal policy rules, and the relationship between economic growth and structural change. He is Professor Emeritus of Economics at Trent University in Peterborough, Ontario, and Sessional Adjunct Professor at Queen’s University in Kingston, Ontario Ian Irvine is a specialist in microeconomics, public economics, economic inequality...

Words: 118779 - Pages: 476

Free Essay

Thesis

...[pic] Frank G. Madsen Queens’ College University of Cambridge International Monetary Flows of Non-Declared Origin This dissertation is submitted to the University of Cambridge to Fulfil the Requirements for the Degree of Doctor of Philosophy April 2008 Ambrogio Lorenzetti, Effetti del Buon Governo Siena, Palazzo Pubblico Sala dei Nove 1337-1340 Declaration This dissertation is the result of my own work and includes nothing, which is the outcome of work done in collaboration. Chapter 3, “Complexity, TOC and Terrorism”, was presented in an embryonic form at the ISA conference in Chicago, USA, March 2007. Chapter 4, “Organised Crime”, is the further elaboration of a chapter of the same title published in 2007 in the Oxford Handbook on the United Nations Statement of Length The dissertation does not exceed the word limit of 80,000 words Fieldwork Thailand (money laundering); Indonesia and Burma (deforestation); New York (US money supply); Washington DC and Fort Worth, Texas (Organised Crime linked to terrorist funding); Australia (Sydney, (APG) and Canberra (money laundering, South Pacific); and Rome, Italy (Chinese organised crime). Contact Frank.Madsen@cantab.net Abstract Through an analysis of the presence and nature of international monetary flows of non-declared origin and their relation to deviant knowledge, the thesis...

Words: 99119 - Pages: 397

Premium Essay

Corporation (Fisch) Outline Penn Law

...) Agency and Partnership Law 2 II.) INTRODUCTION TO THE CORPORATE FORM 16 A.) Formation and Structure 16 B.) Debt, Equity, and Valuation 22 III.) CONTROL OF CORPORATE DECISIONS 32 A.) The Role of the Shareholder 32 B.) Management Obligations 50 1.) Duty of Care 51 2.) Duty of Loyalty 56 3.) Duty of Fairness: Parent-Subsidiary Relationships 63 4.) Duty of Good Faith 64 5.) Management Obligations Under Federal Securities Laws 67 C.) Shareholder Litigation 76 IV.) Structural Changes 85 A.) Transactions in Control 85 B.) Mergers and Acquisitions 86 1.) Mergers 87 2.) Sale of Assets 93 3.) Asset Purchase or Tender Offer 94 C.) Public Control Contests 96 1.) The Poison Pill 100 2.) Enhanced Review When Business is Up for Sale 103 3.) Proxy Contests for Corporate Control 106 4.) Protecting the Deal: Shareholder Lockup Agreements 109 I.) INTRODUCTORY PRINCIPLES • Definitions o Corporate Law: The allocation of rights and power within a corporation; the internal body of law ▪ Addresses the creation of economic wealth through the facilitation of voluntary, ongoing collective action ▪ Flexible- expectation that market discipline will weed out what is not working ▪ Principle aim- reduce agency costs of all sorts o Securities Law: Regulates capital markets that corporations use to obtain funding o Firm: A form of business relation that has a temporal dimension, a social identity...

Words: 62796 - Pages: 252