Morning Docket: 10.31.19

(Photo by Jason Kempin/FilmMagic)

* Johnny Depp has settled a lawsuit against his former attorney who allegedly bilked him out of millions. In other words: Jack Sparrow has bested another pirate. [Bloomberg]

* Hillary Clinton told an audience at Georgetown Law yesterday that she played a pivotal role in the selection of RBG to the Supreme Court. Maybe she’ll play herself in the next RBG movie. [CNN]

* Actor Cuba Gooding Jr. has been charged with unlawfully touching a third woman. [Yahoo Entertainment]

* Attorneys handling the Equifax data breach class action are asking for $77M in fees. I’m still waiting for the money AOC promised me! [Daily Report]

* The Second Circuit has upheld the conviction of Martin Shkreli’s lawyer for his role in helping Shkreli defraud investors. [Reuters]

* R. Kelly skipped a hearing relating to his federal charges because he allegedly had an infected toenail. This excuse is even worse than saying he had to wash his hair. [People]


Jordan Rothman is a partner of The Rothman Law Firm, a full-service New York and New Jersey law firm. He is also the founder of Student Debt Diaries, a website discussing how he paid off his student loans. You can reach Jordan through email at jordan@rothmanlawyer.com.

International Treaties Bill – The Zimbabwean

It has also been difficult to find out the terms of agreements the government has concluded with foreign banks and other entities, for example the “mega deals” which ‒ so it is claimed ‒ will flood the country with foreign investment.  These agreements are likely to have a greater impact on the economy than international treaties.

In an attempt to alleviate at least the first of these difficulties the government has published an International Treaties Bill, which can be accessed on the Veritas website [link].  Before discussing the provisions of the Bill we shall outline the constitutional background against which it has been drafted.

The Constitutional Background to the Bill

Section 327 of the Constitution sets out the procedure to be followed for international treaties to become binding on Zimbabwe ‒ and “international treaties” in this context covers conventions, protocols, charters and other agreements between States and international organisations such as the IMF.

Section 327 may be summarised as follows:

  • An international treaty which has been signed by or on behalf of the President does not bind Zimbabwe until it has been approved by Parliament (i.e. by both the Senate and the National Assembly) [section 327(2)(a)].  Once that approval has been obtained, the procedure is for the Government to send documents called “instruments of ratification” to the other State that is a party to the treaty or, if the treaty so requires, to a body such as the United Nations.  Instruments of ratification are a formal statement that the treaty has become binding on Zimbabwe in international law.
  • Even if a treaty has been approved by Parliament and has become binding in international law, it will not affect Zimbabwe’s internal or domestic law until it has been incorporated into the law by an Act of Parliament [section 327(2)(b)].
  • An agreement other than a treaty which is entered by the government with a foreign organisation and which imposes “fiscal obligations” on Zimbabwe is not binding until it has been approved by Parliament [section 327(3)].  Fiscal obligations are financial obligations, so parliamentary approval is required for any agreement with a foreign bank or foreign trading entity if the agreement requires the government to pay out any money, either immediately or at a future date.  Hence loan agreements must be approved by Parliament, and so too must agreements by which the government guarantees debts of parastatals because if the parastatals default on their obligations the government will have to pay the creditors in terms of its guarantees.

That is the background against which the International Treaties Bill must be assessed.

The Contents of the Bill

The Bill is a short one of 12 clauses and its provisions are explained in an unusually helpful memorandum.  What follows is an outline of Bill’s major provisions:

Scope of the Bill

According to clause 3, the Bill will not affect double-taxation agreements, bilateral trade agreements and other treaties which are negotiated and published under statutes such as the Income Tax Act and the Customs and Excise Act, which contain adequate provisions for publishing and enforcing the agreements and treaties.

Archive of treaties

Under clause 4 the Ministry of Foreign Affairs and International Trade will be the custodian and national depositary of all treaties to which Zimbabwe is currently a party.  The treaties will all be available for inspection by interested persons on payment of a fee prescribed in regulations or fixed by the Minister.

Procedure for Ratification of treaties

Under clauses 5 and 6 international treaties that have been negotiated on behalf of the government will have to be sent for examination to PAAC, a four-person committee of civil servants chaired by a representative of the Attorney-General.  After examining draft treaties PAAC will recommend whether they should be renegotiated or altered, or approved by “the President in Cabinet” [i.e. by the Cabinet presided over by the President].  If PAAC recommends approval, the treaties will be submitted to the Cabinet and, if Cabinet approves them, they will be sent to Parliament for approval.  Finally, if Parliament approves the treaties the Ministry that negotiated them will be responsible for sending instruments of ratification to the other party to the treaty or to the appropriate depositary, as the case may be.

Although the Bill does not say so, much the same procedure will presumably be followed when, as sometimes happens, the President himself signs a treaty:  the treaty as signed will be examined by PAAC before being submitted to Parliament for approval.

Publication of treaties

Under clause 7 of the Bill, PAAC may recommend that a treaty be published in the Gazette for public information before it has been approved by Parliament;  it is not clear if the President must accede to such a request or if he has a discretion in the matter.  The lack of clarity persists later in the clause where it states that every international treaty that has been approved by Parliament must be published in the Gazette, except any treaty that “falls within the scope of the prerogative powers of the President in the sphere of international relations”.  The Constitution does not appear to give the President “prerogative powers” in relation to treaties or anything else, so where does he get them?  Be that as it may, all treaties have to be approved by Parliament so they must be published at least to the extent of being distributed to parliamentarians, whether or not they are gazetted later.

Domestication of treaties

Under clause 7 of the Bill, when a treaty is published in the Gazette after being approved by Parliament, PAAC must publish a notice indicating whether the treaty is self-executing, i.e. that it is enforceable in Zimbabwe without the need for legislation, or whether it needs to be domesticated, i.e. incorporated into the law of Zimbabwe by legislation.  If the latter, the Ministry responsible for negotiating the treaty will have to send the treaty to the Attorney-General’s Office for the necessary legislation to be prepared [clause 7(6)].

This is a welcome provision because it will help to ensure that the government gives effect to treaties it has signed.  All too often in the past, the government has ratified treaties and then, as with the Convention on the Elimination of all Forms of Discrimination Against Women [CEDAW], failed to incorporate their provisions into our law.

Unfortunately, however the Bill does not lay down time-limits for treaties to be domesticated.  It would be better if Parliament were given the power to specify time-limits for the domestication of particular treaties, and were able to hold the Government to them.

Treaties lists

Under clause 8 of the Bill PAAC will be responsible for maintaining treaties lists and will be able to publish the lists in the Gazette.

Conclusion

This is a welcome Bill which, provided it is complied with, should bring clarity and order to the process of negotiating and ratifying international treaties.  We have to add those words “provided it is complied with” because, as the Public Accounts Committee of Parliament has discovered, government Ministries have not been punctilious in complying with existing constitutional provisions which require them to bring treaties to Parliament for approval.  But let’s be hopeful:  with new legislation, the government may turn over a new leaf ‒ at least in regard to treaties.

Veritas makes every effort to ensure reliable information, but cannot take legal responsibility for information supplied.

JAPAN PLEDGES US$2.7 MILLION TO PROVIDE FOOD ASSISTANCE

Post published in: Featured

JAPAN PLEDGES US$2.7 MILLION TO PROVIDE FOOD ASSISTANCE – The Zimbabwean

Poor harvests have left many in need of humanitarian aid

The announcement was made during a handover ceremony in Mount Darwin. The new
contribution further builds on previous contributions provided earlier this year, including
US$500,000 to support food assistance and community resilience-building activities, as well as
US$350,000 towards emergency relief efforts following Cyclone Idai. In total, Japan has
generously supported WFP in Zimbabwe with US$3.5 million in 2019.

“The timely funding from Japan this year received in times of great need, have been crucial to
WFP’s operational capacity amidst two climate-related disasters,” said Eddie Rowe, WFP Country
Representative and Director. “This new contribution will ensure that the progress we have made is
not lost, but rather that these communities continue to build their resilience for the future.”
Projects will be implemented in partnership with WFP, World Vision Zimbabwe and PLAN
International, including Food Assistance for Assets, support to the government’s Home Grown
School Feeding programme, and nutrition in maternity waiting homes.

“Japan will continue to provide support so that the basic needs of the rural communities are met,
especially those of women and children,” said H.E. Mr Toshiyuki Iwado, Ambassador of Japan to
Zimbabwe. He encouraged the Government of Zimbabwe to further tackle the issue of food
insecurity, as Japan and other donor countries could only support the efforts of Zimbabweans. He
also mentioned that the project would contribute to Japan’s goal of promoting gender equality,
by providing nutritional support to women and children.

Japan’s support has enabled the construction of weir dams and nutrition gardens, mainly in
Manicaland, Matabeleland North and South, and Mashonaland Central provinces, as well as
providing much-needed nutritional support to expectant mothers at maternity waiting homes
across the country.

The United Nations World Food Programme – saving lives in emergencies and changing lives for millions through sustainable development. WFP works in more than 80 countries around the world, feeding people caught in conflict and disasters, and laying the foundations for a better future.

International Treaties Bill
Maria Ribeiro UN Resident Coordinator Meeting with President

Post published in: Featured

Maria Ribeiro UN Resident Coordinator Meeting with President – The Zimbabwean

  • Building on the longstanding engagement in Zimbabwe based on a relationship of trust and mutual respect with all stakeholders, together with the UN Country Team in Zimbabwe – I look forward to supporting the Government and the people of the Republic of Zimbabwe to build a peaceful and inclusive society for sustainable development and inclusive economic growth.
  • Having just arrived, it is immediately clear to me that there is a need to help change the narrative of Zimbabwe, recognizing the need for reforms but also the progress made that we can continue to build upon.
  • As a result of unprecedented climate and economic shocks, the humanitarian needs have unfortunately increased in Zimbabwe. The UN is working closely with the Government and the humanitarian partners to meet the priority life-saving multi-sectoral needs of the most vulnerable people affected by the humanitarian situation.  The development partners have demonstrated great solidarity, and the Revised Humanitarian Appeal is 51% funded with USD 240 million mobilized to date. Equally important is to continue building the necessary linkages between humanitarian and development support in which the United Nations has been delivering over USD 400 million annually (representing over 60% of Official Development Assistance to the country) under 2016 -2021 Zimbabwe UN Development Assistance Framework in a form of various development projects in social services, HIV, food and nutrition security, gender equality, good governance, and poverty reduction.
  • I recognize the ambitious and difficult economic reform measures undertaken by the Government under the Transitional Stabilisation Programme and the IMF Staff-Monitored Program. I also recognize the critical importance of social safety net for the vulnerable groups to cushion the impact of the economic austerity measures.  The UN is jointly working with the Government to strengthen the social safety net – including the provision of basic services in health and education – and scale up social protection programmes as well as efforts to build the resilience of at-risk communities.
  • I commend the Government for inviting several Special Rapporteurs to assess different human rights issues in Zimbabwe. I look forward to supporting the Government to take forward the recommendations resulting from these Special Rapporteurs’ visits, as well as continued support to the implementation of the Universal Periodic Review recommendations.
  • I recognize that the national development planning process provides an important opportunity for convergence of national visioning through dialogue and inclusive citizen participation. Together with partners, the UN stands ready to support the preparation of the next five-year National Development Plan (2021-2025) that is also fully aligned with the Sustainable Development Goals.

Brief Bio of Ms. Maria Ribeiro

The Secretary General has appointed Ms Maria do Valle Ribeiro (Ireland) as United Nations Resident Coordinator for the Republic of Zimbabwe, with the host country’s agreement.

Ms Ribeiro brings to the position over 30 years of humanitarian and development leadership experience in Africa, Asia and the Caribbean with the United Nations and International NGOs.  She served as UN Deputy Special Representative UNSMIL, January 2017 until September 2019.

Prior to joining UNSMIL, Ms. Ribeiro served as the Deputy Special Representative in Guinea-Bissau and was the United Nations Resident Coordinator and UNDP Resident Representative in Angola and Mauritania.

Ms. Ribeiro held various senior positions with United Nations Children’s Fund (UNICEF), including Regional Chief of Planning, Monitoring and Evaluation in the Regional Office for West and Central Africa from 2006 to 2008; Representative for Guyana, Suriname and Trinidad and Tobago from 2004 to 2006, Deputy Representative in Algeria from 2002 to 2004 and Chief of Planning in Angola from 2000 to 2002.

Prior to entry in the UN, Ms Ribeiro worked extensively with INGO’s, namely Save the Children UK in Liberia, Burkina Faso, Angola and the Caribbean and with Concern in Bangladesh and Mozambique.

Born in Portugal, Ms. Ribeiro holds a Master of Economic Science degree in Development Policy and Planning from the University of Wales (United Kingdom).

JAPAN PLEDGES US$2.7 MILLION TO PROVIDE FOOD ASSISTANCE
The fundamentals are just not right for a new currency

Post published in: Featured

All Hallow’s Eve Eve — See Also

Cramming for the CCPA

Cramming for the CCPA

The California Consumer Privacy Act, the most significant privacy regulation ever enacted in the United States, takes effect in January 2020. Join us for a free webinar to learn more.

The California Consumer Privacy Act, the most significant privacy regulation ever enacted in the United States, takes effect in January 2020. Join us for a free webinar to learn more.

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From the Above the Law Network

The Columbia Law School Grad Responsible For A National Anthem

Which Columbia Law graduate brought global attention throughout the 1940s to a song from a 1935 Chinese film called “March of the Volunteers”? Due in part to its worldwide popularity based on these performances, the song would go on to become China’s national anthem in 1949 and was personally performed by this law school grad at the World Peace Conference.

Hint: The song’s translated English lyrics were so popular that it was part of the canon of American elementary school musical education until everyone decided it was too Communist… which wasn’t a problem for this famous performer, who would be targeted during the McCarthy era.

See the answer on the next page.

Tesla Smashes Profit Expectations, Stock Price Soars, Hobbled Elon Musk Critics Pause Decade-Long Whine

(Photo by Justin Sullivan/Getty Images)

As of last Thursday, Tesla was the second most shorted stock on Wall Street, right after Apple Inc. Short sellers had $10.5 billion bet against Tesla.

These vampires, er, I mean noble champions of marketplace accountability who are in no way systematically draining the platelets out of what remains of capitalism, took a collective bath to the tune of $1.4 billion last Thursday morning, when Tesla’s stock price skyrocketed by 17 percent. Tesla shares continued their upward trajectory as they crept steadily higher on Friday, to end the week at just above $328 per share.

Tesla stock closed out 2018 at a price of $332.80 per share, so as of the end of last week, the short sellers who hung on for the ride these last 10 months are still just barely in the black year-to-date. But given the reasons for Tesla’s precipitous October climb, it’s not looking good for those betting against the electric automaker.

After hours last Wednesday, Tesla reported a profit of $1.86 per share, crushing the anticipated loss of 42 cents per share predicted by analysts. Tesla also posted a cash balance increase to $5.3 billion, and CEO Elon Musk promised continued advancements in self-driving technology and the 2020 rollout of a more affordable Tesla SUV model. With production of Model 3 sedans set to begin in the near future at Tesla’s new Shanghai factory, and another Gigafactory in the works in Europe, Tesla certainly has costs to control, but also a growing platform for continued expansion.

Normally, there is no shortage of Tesla and Elon Musk critics, including here at ATL and its sister sites. But they were comparatively quiet late last week.

It makes sense that short sellers want to trash Tesla at every chance they get. They make money when Tesla does poorly, just as Tesla shareholders (like me) make money when Tesla does well. Huge, profitable industries which would be threatened by the success of an electric vehicle maker and clean energy proponent also seem to be unoptimistic about Tesla — analysts at the three biggest banks funding development of fossil fuel resources are, not surprisingly perhaps, pretty negative about Tesla’s prospects. People’s loudly expressed viewpoints tend to gravitate in the direction of their financial interests.

And maybe none of this would be a problem if we just all let go of the illusion that we have to base our decisions on what any of these people say. If you think I’m full of shit and that Tesla sucks, well, then don’t buy any Tesla stock. Likewise, if you think that continuing to burn ancient plankton to go places is the wave of the future, just keep at it. I myself will be looking into a Tesla as soon as I’m done driving my old Chevy into the ground (unless GM or one of the other automakers can convince me otherwise, by coming up with something pretty compelling in their own EV department, which is kind of what capitalism is supposed to be all about in the first place).

Theoretically, the existence of short selling has its benefits. Providing more independent research than the analysts at those big investment banks we were talking about (or at least research biased in the opposite direction), encouraging (inciting?) more vigorous debates in the financial markets which promote transparency, and being more diligent about uncovering corporate fraud have all been touted as services short sellers afford the markets (albeit only as side effects of the pursuit of their own self-interest). Benefits notwithstanding, we still don’t have to like short sellers, short selling, or pessimism.

In my view at least, unlike so many of the other ticker symbols building little mountains and valleys in our brokerage accounts, Tesla is not just a money-making machine. Tesla aims to change something fundamental about our society, for the better, and it has to get consistently profitable to do it. When the first U.S. railway was chartered to transport passengers and freight commercially in 1827, there were plenty of skeptics who said a steam engine could never work along steep, winding grades. As construction commenced, there was probably some guy from the livery stable yelling that this whole railroad thing was doomed to fail. But investors didn’t listen to the naysayers then, and they shouldn’t now. Sometimes progress is built on a little faith. And especially in light of last week’s earnings report, Elon Musk still has mine.


Jonathan Wolf is a litigation associate at a midsize, full-service Minnesota firm. He also teaches as an adjunct writing professor at Mitchell Hamline School of Law, has written for a wide variety of publications, and makes it both his business and his pleasure to be financially and scientifically literate. Any views he expresses are probably pure gold, but are nonetheless solely his own and should not be attributed to any organization with which he is affiliated. He wouldn’t want to share the credit anyway. He can be reached at jon_wolf@hotmail.com.

Mr. Chelsea Clinton Tries Changing His Luck By Doing His Last Job Backwards

Marc Mezvinsky is a TPG man now (for now).

Reports From Clio Cloud Conference: Legal Media React To The Show

Last week’s Clio Cloud Conference offered another opportunity for innovators from across legal technology to come together to meet with users and compare notes.

It’s also an opportunity for the legal media to come together to discuss trends and what they’ve been seeing both at the show and throughout the year. Legal Talk Network’s On the Road podcast gathered a few of us together at the show to chat. In addition to me, the panelists were:

  • Keith Lee of Lawyer Smack;
  • Gregory Pang of Legal Cut Pro;
  • Chelsey Lambert of Lex Tech Review; and
  • Cathy Kenton of Legal Tech Media Group.

HeadshotJoe Patrice is a senior editor at Above the Law and co-host of Thinking Like A Lawyer. Feel free to email any tips, questions, or comments. Follow him on Twitter if you’re interested in law, politics, and a healthy dose of college sports news. Joe also serves as a Managing Director at RPN Executive Search.