Traditional concept of domicile in accordance with English Law Essay

Traditional concept of domicile in accordance with English Law - Essay Example Many have observed that with the growing modernity, the rules regarding the loss and acquisition of domicile have become increasingly artificial and complex. Indeed it is correct to conclude that despite the significance of the concept of domicile, the rules for determining a persons domicile is unnecessarily complicated, technical, and sometimes leading to absurd results (Law Reform Commission 2004). The division of the concept of domicile into three types (domicile of origin, dependency, and choice) is one of the reasons for legal complications. The distinctions do not provide smooth and intelligible rules. Hence this unnecessary complexity led to calls for needed reforms, mostly premised on the idea that one general concept may suffice as a connecting factor in determining a person’s status and affairs. A radical yet widely supported proposal is the abolition of the domicile of origin and dependency. North believed that the abolition of domicile of origin and dependency in favor of one concept has the positive effect of simplifying the position (as cited in Law Reform Commission 2004). As a result, certain gaps in the existing common law rules will be settled. For instance, there is a gap with respect to determining the domicile of dependency of a child without parents. It must be noted that under the general rule a legitimate child follows the domicile of the father, while an illegitimate child that of the mother. There is however no clear rules with respect to those children without mother and father. Furthermore, it has been rationalized that there is no clear justification at least in principle for making a child’s domicile dependent on the parent’s marital status or whether the child is legitimate or not (Law Reform Commission 2004). There are those who voiced that the proposed changes in the law on domicile is a significant

HSBC Plc Essay Example | Topics and Well Written Essays - 2500 words

HSBC Plc - Essay Example rce capability, HSBC provides a comprehensive range of financial services: personal, commercial, corporate, investment and private banking; trade services; cash management; treasury and capital markets services; insurance; consumer and business finance; pension and investment and management; trustee services; and securities and custody services. financial services in 83 countries and territories. It provides its customers with a wide range of banking and other financial services, selected to complement its strategy in each market. Where HSBC enjoys large scale – or, in the case of emerging markets, where scale can be built – it offer a full range of personal financial products. In other markets, it participates more selectively, meeting the needs of customers with strong international connections. Sometimes it innovates and at other times, it relaunches some products as per the need of the market. HSBC has adopted a unified brand, using HSBC and its hexagon symbol nearly everywhere it operates, with the aim of enhancing recognition of the Group and its values by customers, shareholders and staff throughout the world. The branding initiative allowed HSBC to develop new services and products on a worldwide scale, all bearing the Group’s identity. Since 2002, the HSBC identity has carried the strap line â €˜the world’s local bank’ emphasising the Group’s experience and understanding of a great variety of markets and cultures. HSBC follows the Product Invention Strategy(Kotler,422) . This means that either it develops new products or reintroduces earlier product forms and promotion does not change. It could be diagramatically represented as follows: Managing for Growth Strategy: This strategy provides HSBC with a blueprint for organic growth and development. This strategy was launched in 2003 and would continue up to 2008. The plan aims at guiding the Group to achieve management’s vision to be the world’s leading financial services company. The company