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Prenuptial Agreement After Marriage

In practice, marriages can violate canon law in several respects. For example, they cannot prepare for a marriage on terms that concern the future. According to the Code of Canon Law, „a marriage linked to a condition of the future cannot be concluded effectively”. (CIC 1102) In some countries, including the United States, Belgium and the Netherlands, the marriage contract provides not only for what happens in the event of divorce, but also for the protection of part of the property during the marriage, for example in the event of bankruptcy. Many countries, including Canada, France, Italy and Germany, have matrimonial regimes, in addition to or, in some cases, in place of marriage contracts. In a marriage contract, it is possible to insert a sunset provision stipulating that the contract expires after a certain period. In Maine, the contract expires for marriage contracts concluded before the 1st Unless the parties extend it, they were completed on October 1, 1993, automatically after the birth of a child. [44] In other states, a certain number of years of marriage result in the expiration of a marriage contract. In states that have passed the Uniform Premarital Agreement Act (UPAA), there is no sunset provision by law, but one could be under private contract.

Note that states have different versions of the UPAA. In the event of divorce, a prenup can protect one spouse from liability for the debt that the other spouse incurred in the marriage. Whether or not to implement a post-terminate contract depends largely on the state in which you live. Some States take a tough approach to the implementation of post-national agreements. If there is evidence that the parties have not disclosed their financial information in its entirety and fairly, the entire agreement could be rejected. In Judaism, the Ketubah, a marriage contract, has long been established as an integral part of Jewish marriage and is signed and read at marriage. It contains the obligation for the husband to support his wife by providing her with food, clothing and sexual relations and by providing the wife`s help in the event of divorce or the death of the husband. .

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Plaza Agreement Louvre Accord

A second agreement, the Louvre Agreement, was signed in 1987 to halt the continued fall of the dollar. One of the unintended consequences of the Plaza Agreement was that it prompted Japan to increase trade and investment with East Asia, making it less dependent on the United States. The Plaza Agreement (Japanese: プラザ合意) was an agreement signed on September 22, 1985 at the Plaza Hotel in New York between France, West Germany, Japan, the United States and the United Kingdom to devalue the US dollar against the Japanese yen and the German mark through interventions in foreign exchange markets. The US dollar depreciated sharply since the date of the agreement, until it was replaced by the Louvre agreement in 1987. [1] [2] [3] Its main objective was to increase the competitiveness of US and European exports compared to Japanese exports by imposing monetary controls. The agreement was signed by France, West Germany, Japan, Canada, the United States and the United Kingdom. [1] The Italian government was asked to sign the agreement, but refused. [1] The Plaza Agreement is an agreement concluded in 1985 between France, Germany, the United States, the United Kingdom and Japan to manipulate exchange rates by devaluing the US dollar against the Japanese yen and the German mark. The Louvre Agreement (officially the declaration of the G6 Finance Ministers and central bank governors)[1] was an agreement signed in Paris on 22 February 1987, aimed at stabilising international money markets and halting the continued decline of the US dollar after 1985 after the Plaza Agreement. [1] From the point of view of international relational treaties, it has been seen as a rational compromise solution between two ideal extremes of international monetary regimes: perfectly flexible exchange rates and perfectly fixed exchange rates.

[2] Thus, the Plaza agreement helped spread the „lost decade” in Japan. The agreement failed to reduce the trade deficit between the U.S. and Japan, although it did reduce the U.S. deficit with other countries. This happens because American products were now able to compete better in international markets, but Japanese import restrictions still made it difficult for American products to succeed. France has agreed to reduce its budget deficits by 1% of GDP and reduce corporate and personal taxes by the same amount. Japan would reduce its trade surplus and reduce interest rates. The UK would cut public spending and cut taxes. Germany, which is the real objective of this agreement because of its dominant economic position in Europe, would cut public spending, cut taxes on individuals and businesses and keep interest rates low. The United States would reduce its 1988 budget deficit from 3.9% in 1987 to 2.3% of GDP, reduce public expenditure by 1% in 1988 and keep interest rates low.

[7] In 1987, the dollar weakened further against the German mark and other important currencies, reaching a low of 1.57 marks per dollar and 121 yen per dollar at the beginning of 1988. The dollar then rose over the next 18 months, reaching above 2.04 marks per dollar and 160 yen per dollar, as well as the Federal Reserve, which aggressively raised interest rates from 6.50% to 9.75%. Also known as the Plaza Agreement, the intention of the Plaza Agreement was to correct the trade imbalances between the United States and Germany and the United States and Japan, but it only corrected the trade balance with the former. The Plaza agreement is expected to bring down the U.S. dollar, as the U.S., Japan and Germany have agreed to take some steps to do so. For the United States, it planned to reduce its federal deficit, Japan should ease monetary policy, and Germany should implement tax cuts. .