Haiti One Year On

The hopes of a nation were dashed towards the end of the year when the presidential election faltered amid allegations of corruption and vote rigging, despite the efforts of the international community. The increasing weight of the Haitian expat community, many who returned to cast vital votes, appear to be a driving force that includes some controversial figures from Haiti's not too distance past. It is no co-incidence that the political heavyweights are returning for a second bite given the lure of massive potential investment and with it, perhaps, an outside chance of absolution; it would appear that their support is increasing. From the post earthquake graffiti of 'Bring back Aristide', few could have predicted that we could see his return from exile. International sniping from the sidelines did not perturb Jean-Claude Duvalier, aka 'Baby Doc', from boldly presenting himself to the judges earlier in January. This brazen approach has made Haitian expats sit-up and realise that while Duvalier and Jean-Bertrand Aristide may not be the solution, they are answering the rally cry and offering hope to a nation that badly needs a leader to represent them and can shoulder the mantle of rebuilding Haiti and engaging with the international community (in particular France and the USA). Their return should encourage the business elite to follow and fill the void left by the 'classquake' that devastated the Port au Prince business community.
Much has been done to establish the structures needed to channel and cope with the financial tranches that a stable government will bring. Management consultants and financial institutes have all lent their expertise in the theory and gradual implementation of these structures, leaving the Ministries no doubt as to the road ahead. However, the Justice Department and Interior Ministry has yet to receive the attention needed to combat the levels of crime. While Duvalier is charged with embezzlement and corruption the irony is he could serve a sentence in a jail with no bars or stay under costly house arrest in conditions the average voter can only dream of. The police struggle to cope with the overwhelming task of reacting to public demand as well as the daily hunt for the numerous (approximately 4,000) prison escapees still at large and fuelling the ever increasing crime statistics. However, when the investment finally arrives there will be no shortage of volunteers to fill the ranks of the police or any other department. With many leading a 'hand to mouth' existence the prospect of a job and a wage is far off dream but one that they are willing to work towards.
Posted date 14-02-2011
Articles
- Libya
- From Switzerland to Singapore
- Page Group Opens New Middle East Office
- Alan Jenkins Welcomed as Head of Advisory Board
- UK Bribery Act
- The UK Bribery Act The Steps We Should Take
- Kabul City
- Evacuation and Crisis Planning
- Bribery Act Guidance Notes
- Haiti One Year On
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Libya
The spectre of Libya as an attractive market opportunity for foreign investment in the aftermath of regime change does raise difficulties for verifying the sort of information and procedures necessary to protect investors from FCPA and Bribery Act infringements; indeed, to protect them from losing money and reputation.From Switzerland to Singapore
There is an eastward shift underfoot in the world of private banking. As pressure builds in Europe against bank secrecy and tax evasion, parts of Asia are cropping up as the new favoured private banking centres. A report published by PwC in June 2011 estimates that Singapore is set to take the slot as the world’s top wealth manager by 2013Page Group Opens New Middle East Office
Page Group is pleased to announce the opening of our new Middle East office providing due diligence, background checks, asset tracing and investigations along with security advisory and reviews.Alan Jenkins Welcomed as Head of Advisory Board
Alan joined Page Group as head of the advisory board in the autumn of 2011. He has had a long and distinguished legal career, retiring as Chairman of Eversheds LLP in April 2010.UK Bribery Act
The UK's Bribery Act comes into force today.The UK Bribery Act The Steps We Should Take
This month Page Group’s legal advisor takes a practical look at the Bribery Act and what steps businesses can take to prepare themselves. The new legislation will come into force on 1 July 2011. Sensible companies will be reviewing the steps they can take to minimise adverse effects on their business or even, in an extreme case, the risk of a prosecution under the Act. After some delay, government guidance has been provided as to the ‘adequate procedures’ expected to be in place to reduce the risk of their business being adversely affected by bribery.Kabul City
In this and forthcoming newsletters, Page Group will feature on-the-ground accounts by personnel deployed by our company in different regions. This month, our country manager in Afghanistan has provided an insight into what conditions are like in Kabul, filling a gap in many people’s understanding of what actually takes place in the city which is so often the subject of daily headlines.Evacuation and Crisis Planning
Companies, non-governmental organisations and individuals may be surprised to learn how quickly they can become caught up in a crisis caused by hurricanes, floods, tsunamis, volcanoes, hazardous material or nuclear accidents, terrorist activity, kidnappings, civil war, ethnic violence, political turmoil, coups d'état, or uprisingsBribery Act Guidance Notes
The Ministry of Justice has finally released the Guidance Notes linked to the Bribery Act. The full details can be found at the following url: http://www.justice.gov.uk/guidance/bribery.htm. Companies will now have until 1st July 2011 to ensure compliance with the Act.Is South Sudan a Failed State Waiting to Happen
There was widespread relief that the Referendum last month went off peacefully. The fact that the Khartoum regime did not resist the last pledge of the 2005 Comprehensive Peace Agreement (CPA), ending five decades of civil war between north and south, was an indication the world could be welcoming its newest country by the summer. On 7th February 2011, the Southern Sudan Referendum Commission announced that 98.83% of the voters had backed independence and publically accepted the outcome.






