Contracts to print money?

Article Abstract:

The Campaign to Clean Up Copier Contracts is pushing for reforms to stop widespread abuses and misleading sales pitch by the photocopier industry. The campaign aims to convince the government to extend to companies the same safeguards protecting private individuals under the Consumer Credit Act. Launched on Feb 1992, the movement has received more than 2,000 protests from duped renters of copying machines. Most victims complain of the cost-per-copy or copy-plan contracts, usually preventing users from hiring the services of other suppliers during the duration of the contract despite inefficiency and exorbitant price of the current dealer. Meanwhile, the Finance and Leasing Assn, whose membership is comprised of finance companies that draft the photocopier contracts, is taking measures to control abuses by its members. Also, investigation of copier and leasing companies that are reported for malpractice are regularly conducted.

Office equipment, Evaluation, Office equipment and supplies industry, Office equipment industry, Contracts, Ethical aspects

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The job brokers

Article Abstract:

A growing number of accountants in the UK are entering the field of recruitment consultancy. The lucrativeness of recruitment stems from the growing number of job applicants that began in the mid-1980s. By the late-1980s, competition within the recruitment consultancy market had encouraged accountants to integrate into their agencies a variety of complex marketing styles to enhance market share. However, the 1980's also brought along with it the disappearance of the less stable agencies and limited the number of jobs being offered as a result of work force reductions by most British companies. The increasing competition among recruitment agencies has made the selection of potential recruitment consultants even more exhaustive. The experiences of two recruiters provide insight into the challenges of this field of consultancy.

Employment agencies, Economic aspects, Practice, Employee recruitment, Employment, Employment services, Accountants

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Slow start for new corporate vehicle

Article Abstract:

The European Community (EC) established the corporate vehicle of European Economic Interest Groupings (EEIG) to foster cross-border economic cooperation effective Jul 1, 1989. Participation in an EEIG requires that two or more companies, firms, or individuals representing a minimum of two EC countries enter into a contract which must be registered with the Registrar of Companies. There is no limit on the number of members, but the central administration or principal activity must be based in an EC country. EEIG profits are taxable only to members, and members have unlimited joint and several liability for debts. Although it provides a easy framework for joint ventures, only four EEIGs have been set up involving UK members because EEIGs are new to the UK business culture, and there are other well-established alternatives.

Analysis, Europe, Joint ventures, European Union, Great Britain, European Union. European Economic Interest Groupings

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