As is obvious from the course of the global financial crisis, independent action by individual economic entities working towards their own interests will ultimately fail.

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The President congratulated Prime Minister Najib for recent action on the Strategic Goods Act, which will strengthen the ability of Malaysian authorities to take action against individuals and entities engaged in proliferation.

WHITEHOUSE: The White House

Entrant further agrees that in any cause of action, the Giveaway Entities' liability will be limited to the cost of entering and participating in the Giveaway, and in no event shall the Giveaway Entities be liable for attorney's fees.

ENGADGET: 's back to school giveaway, part three: win an HP Envy 14 with Beats Audio and much, much more!

One of the aims of the inquiry will be to "establish whether, where abuse was suspected, it was reported to the appropriate bodies including the States of Jersey Police and what action was taken by persons or entities including the police".

BBC: Jersey abuse inquiry approved by States

The lesson here is one for creditors: It is not particularly easy to bring a fraudulent transfer action, especially where foreign transactions and entities are involved such that proof of the fraudulent transfer may be difficult to obtain.

FORBES: Kremen -- Failure To Prove Fraudulent Transfer

The seven-year action plan is awaiting approval now, and according to Smiertka, all entities are ready to move forward.

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"The civil penalty action against China Aviation Oil Holding Company is a signal to the market that we expect all entities undertaking transactions in this jurisdiction to fully comply with Singapore law, " said monetary authority deputy managing director Shane Tregillis.

BBC: NEWS | Business | China Aviation owner fined $4.8m

Whether a foreign corporation is subject to general personal jurisdiction, on causes of action not arising out of or related to any contacts between it and the forum state, merely because other entities distribute in the forum state products initially placed in the stream of commerce by the corporation.

FORBES: The Supreme Court Revisits Personal Jurisdiction in Goodyear Case