Where contracts cannot readily be enforced, assets cannot be protected, regulatory processes become tools of self-enrichment and the basic safety of persons and property is not assured.
The ICC will make its own decision on who to prosecute, entirely independently from the UN sanctions committee that is now being set up to enforce the asset freeze and travel ban put in place under resolution 1970.
In Kepler Cheuvreux's April report 'Stranded Assets, Fossilized Revenues', Lewis argued that a pending global climate treaty would seriously endanger the profitability of fossil fuel majors due to emissions restrictions enforcing 'stranded assets' (unexploited fossil fuel reserves that, having become obsolete, are recorded as a loss of profit).
We can no longer afford to ignore the opportunities offered by our under-enforced asset forfeiture laws.
Any ruling could probably be enforced only against assets abroad: a Dubai court has to confirm the decision and is likely to declare any assets in the emirate off-limits.
Since accepting a controversial bailout plan from the European Union, after months of strikes and demonstrations, Greece now faces an enforced sale of assets and cuts to public services.
Enforced sales of new town assets, after the 1979 general election, meant that the town centre was sold to a variety of owners – up to 12, says Taylor, thus undermining coordinated regeneration.
Research from Carbon Tracker, a climate change thinktank, highlights all these areas – the Canadian tar sands, the US Gulf and Alaska – as being at the highest risk from enforced mothballing and becoming "stranded assets" tying up billions of pounds worth of shareholder funds.
While the judgement was passed down in America, where Iran has no assets, it was enforced in Canada Ottawawa cleared out one of the bank accounts, and seized two properties to pay for the judgement.
The basic tools include: packaging assets, distributing assets, generating and issuing usage licenses, enforcing licensed usage, protecting asset and license confidentiality, and managing keys.
