Standard Life predicts the FTSE 100 will surge to 6,900 by the year’s end

first_img Tags: NULL KCS-content Thursday 6 January 2011 7:43 pm REDUCED FEARS of a double dip recession could lead to the FTSE 100 hitting 6,900 by the end of this year, according to Standard Life.Low-valued stocks, including those of BP and Barclays, could help to push the index up 15 per cent despite an anticipated bumpy ride, according to the Edinburgh-based firm.The insurer correctly predicted the FTSE 100 would rise 13 per cent in the final quarter of 2010 to breach the 6,000 mark, at a time when it stood at 5,325 points.The FTSE 100 yesterday continued strongly closing at 6,043.86. Homebuilder Galliford Try, as well as mining firm Vedanta Resources and electronics retailer Dixons, are also stocks picked by Standard Life that could benefit from sustained global economic reovery.Chief executive of Standard Life Investments Keith Skeoch said: “Continued global economic recovery and UK equities’ high exposure to overseas earnings will deliver another year of strong cash flow and earnings growth for UK corporates.” STANDARD LIFE’S 2011 STOCK PICKS1 GALLIFORD TRY 2 VEDANTA RESOURCES 3 BARCLAYS 4 BP 5 DIXONS whatsapp whatsappcenter_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Standard Life predicts the FTSE 100 will surge to 6,900 by the year’s end Sharelast_img read more

Playtech “takes full responsibility” for PTES failings

first_img28th May 2020 | By contenteditor Regions: UK & Ireland Playtech “takes full responsibility” for PTES failings It pointed to the acquisition of behavioural analytics platform BetBuddy as an example of its efforts to help clients identify and manage at-risk players. The business also aimed to “break down barriers to adoption” of safer gambling technology and tools by making these accessible and affordable to partners.The solutions giant added that it is leading industry efforts on responsible game design through an industry working group, and contributed to the development of the GB industry’s safer gambling commitments. Tags: Mobile Online Gambling Topics: People Email Address Gaming solutions giant Playtech has issued an apology for the failings of its PT Entertainment Services (PTES) subsidiary that ultimately saw a customer take their own life.center_img People AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter “Raising industry standards on safer gambling and being a leader in responsible business is central to our strategy as a technology partner,” Milne added. “In my new role as interim chairman, I am fully committed to this continuing to be a key focus of ours going forward.”As outlined in the Commission’s assessment of the case, Playtech has committed £5m to promote better understanding of “healthy online living” and the relationship between mental health and online gambling.Playtech added that it had made the development of safer products, analytics solutions and player engagement tools a central part of its strategy, through partnerships with operators, charities and a academics to raise standards in the industry. Subscribe to the iGaming newsletter “We take full responsibility for these regulatory breaches,” chief executive More Weizer said. “As a technology specialist, Playtech focuses on harnessing its capabilities in data-driven intelligence to place consumer protection at the centre of every stage of the player experience from game design to real-time engagement and messaging.“In recent years, we have invested significantly to seek to ensure that these types of breaches do not happen again, including addressing the specific issues raised by the Commission.” Gaming solutions giant Playtech has issued an apology for the failings of its PT Entertainment Services (PTES) subsidiary that ultimately saw a customer take their own life.The case saw a customer sign up for an account in December 2016, ultimately spending £4.5m (€5.0m/$5.5m) on PTES’ Winner and Titanbet brands – losing £119,395 between 1 to 5 April 2017 alone – before committing suicide.The Gambling Commission’s investigation uncovered widespread failings in the business’ social responsibility and anti-money laundering processes that resulted in no action being taken over the individual’s excessive gambling.Playtech said it takes full responsibility for the failings.“The regulatory breaches identified in PTES between 2015 and 2017 were not reflective of the high standards the Playtech Group set itself at the time and not representative of the high standards the Group delivers to its B2B partners today,” it said.Playtech’s board extended its “deepest sympathies” to the victim’s family. Its interim chair, Claire Milne, will be contacting the family to apologise personally for the B2C subsidiary’s failings.Milne led a review into the business’ response to the case, and noted that “decisive action” had been taken to address PTES’ failings before it surrendered its British B2C licences. This saw a number of key management and personal management licence holders leave the business, with PTES brought under the group compliance function to improve oversight of the division.The supplier noted that the decision to give up its licences was part of a strategic decision taken before the Commission’s investigation began, to focus on B2B activities in Great Britain.Furthermore, Playtech will increase the £619,395 donated by PTES to charities dedicated to reducing gambling harms to £3.5m. This, Playtech said, matches the figure that the Gambling Commission would have levied as a fine had PTES not surrendered its licences.Interim chair Milne said the investigation’s findings “do not reflect where Playtech stands today”.“But while the company has made many positive and important changes, we feel it is only right for us to recognise these historic failings by offering this increased amount,” she said. “In speaking with many of our stakeholders, it was clear they felt the failings were not representative of the Playtech they know. Through this action, we want to send a message to them and the wider industry of who we are today and aspire to be.last_img read more

Premiership Rugby sets new salary cap regulations

first_imgThere is also more scope to study emails, WhatsApp messages and player tax returns “Tax returns are key in making sure players complete those properly and give us extra enhanced oversight of what is going on in the salary cap.”According to Premiership Rugby, for the 2020-21 salary cap year, the level of the salary cap is £6,400,000 with the following credits and exclusions:Home Grown Player Credits totalling £600,000 (up to £50,000 per player) – designed to incentivise clubs to retain home grown talent;EPS/International Player Credits not overall limit but up to £80,000 per player – to cover player absence during international periods;Injured Player Credits totalling £400,000 – to allow replacement players to cover for long term injuries;Two Excluded Players – their entire salary is excluded from the salary cap;Unlimited education fund for players.For the 2021-21 salary cap year, the level will reduced to £5,000,000 with the same credits, except for the total EPS/International Player Credits which will be capped at £400,000. Cracking down: Premiership Rugby (Getty Images) “The ability to look at player tax returns is a massive piece. We have always understood that as a regulatory body there are certain limitations and people may choose to step outside the sporting regulatory framework with a little less concern than they would if they were stepping outside of the law. Premiership Rugby has brought in stricter measures for breaches of salary cap regulations, following last season’s Saracens scandal. They will also be able to study emails, WhatsApp messages and players’ tax returns.Last term the five-time Premiership champions were handed a 35-point deduction (later increased by a further 70-point deduction) and fined £5.36m for salary cap breaches, ensuring saracens’ relegation. However, it was decided there was no means to strip Sarries of silverware accrued during the disputed period.In its wake, former government minister Lord Paul Myners had produced a report which included 52 recommendations for addressing the competition’s salary cap regulations. All of those recommendations will be adopted for the new Premiership season. The league’s 12 clubs and Saracens have agreed to give cap investigators significant powers – and there is more scope for punishment.These include an entry-level points deduction of 50 points, which could decrease or increase, plus powers to relegate, remove titles or trophies and to reclaim prize money.There will also be more opportunity to review players’ tax returns and interview club officials. Each year the league winners will face an extended audit. Within this, investigators can pore over club officials’ emails, texts and WhatsApp messages and at least 50% of players’ tax returns and bank statements.Relegated: Saracens dropped out of the Premiership (Getty Images)Head of governance and regulation Andrew Rogers said: “We use PWC to come in and undertake that. This process has now been given greater powers. There will be greater scrutiny. They will be able to look at a sample of player tax returns and interview club officials.“Each year the champion club will be given an extended audit. This is a far more forensic audit including reviewing emails of club officials, text messages, WhatsApp messages of club officials and reviewing at least 50 per cent of all players’ tax returns, bank statements, plus any further areas I feel are necessary to look into. That is a real enhancement. LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS Can’t get to the shops? You can download the digital edition of Rugby World straight to your tablet or subscribe to the print edition to get the magazine delivered to your door.Follow Rugby World on Facebook, Instagram and Twitter.last_img read more

UNRWA extends funding for six months to Gaza’s Ahli Arab…

first_img Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Youth Minister Lorton, VA Rector Belleville, IL Course Director Jerusalem, Israel Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Missioner for Disaster Resilience Sacramento, CA Associate Rector for Family Ministries Anchorage, AK Israel-Palestine, Assistant/Associate Rector Morristown, NJ Priest-in-Charge Lebanon, OH Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Assistant/Associate Priest Scottsdale, AZ Rector Knoxville, TN New Berrigan Book With Episcopal Roots Cascade Books The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Cathedral Dean Boise, ID Rector Pittsburgh, PA Virtual Episcopal Latino Ministry Competency Course Online Course Aug. 9-13 In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Anglican Communion, Director of Administration & Finance Atlanta, GA Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Rector Collierville, TN Rector Smithfield, NC An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Advocacy Peace & Justice, Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Middle East Rector Bath, NC Presiding Bishop Katharine Jefferts Schori learns about the ministry of Ahli Arab Hospital from its director Suhaila Tarazi. Jefferts Schori visited Gaza and the hospital in March 2008. ENS photo/Matthew Davies[Episcopal News Service] The United Nations Relief and Works Agency (UNRWA) has offered to extend funding support for the Ahli Arab Hospital in Gaza for six months, allowing the hospital to honor its financial obligations and retain its staff until the end of 2012.On June 1, UNRWA announced it would no longer fund the hospital, which provides primary and emergency health care to the almost exclusively Muslim population in Gaza. The decision cut the hospital’s budget by approximately $1 million per year, or nearly half.Bishop Suheil Dawani said in a press release that the Episcopal Diocese of Jerusalem, which runs the hospital, is “absolutely committed” to keeping the institution open, “as it is the only Christian hospital in the Gaza Strip, … [but] we know that we need to move quickly to help the hospital transition to a different model, so that it is not financially dependent on UNRWA from 2013 and so that donors can have confidence to continue to invest in equipment and programs.”Dawani said that the diocese has engaged a consultancy firm to assist with the development of a new strategic plan for the hospital’s future.Presiding Bishop Katharine Jefferts Schori welcomed the news about UNRWA’s bridging contract. While it doesn’t solve the longer-term problem of funding, she said, it does at least offer some space.“The Episcopal Church is most grateful for UNRWA’s decision to provide six months of transitional support to Al Ahli Hospital,” Jefferts Schori told ENS July 26. “This offers the Diocese of Jerusalem a slim window in which to develop funding for 2013 and beyond. It will be challenging work, but I have abundant hope that partners from around the world will rally to support this essential and transformative ministry of healing.”UNRWA, which functions as a relief agency for Palestinian refugees, earlier this year decided to run a transparent application process for its funding of in-patient services in Gaza. The Ahli Arab Hospital, one of Gaza’s 21 primary health centers, did not win the contract. UNRWA’s decision came after nearly two decades of partnership with the hospital.The 77th General Convention earlier this month, in passing Resolution B017, called on the Episcopal Church to support Ahli Arab Hospital through fundraising and advocacy. In Resolution B019, General Convention also affirmed positive investment “as a necessary means to create a sound economy and a sustainable infrastructure” in the Palestinian Territories.In early June, Jefferts Schori along with 101 Episcopal Church bishops wrote to President Barack Obama calling for his intervention in reversing the funding decision that, they said, could have “disastrous consequences for the more than two million residents of Gaza, already living in conditions of profound humanitarian need.”According to the UNRWA website, 1,167,572 of Gaza’s residents are registered refugees and the Gaza Strip, which is 25 miles long and between 3.7 and 7.5 miles wide, includes eight refugee camps. Of the more than 2 million total residents, fewer than 1,500 are Christian.The Ahli Arab Hospital was founded as a mission of the Anglican Church in 1882 and became a part of the diocese in 1982. Today, it is among more than 30 institutions run by the Jerusalem-based diocese throughout Lebanon, Syria, Jordan, Israel and the Palestinian Territories.Suhaila Tarazi, hospital director, said in a July 26 press release, “We are proud of our long and valued relationship with UNRWA. We invite all our partners around the world to help us stay open and be ready to serve the poor in Gaza, regardless of race or religion.”The American Friends of the Episcopal Diocese of Jerusalem recently sent $50,000 to the hospital as part of its ongoing mission to support the institutions of the diocese.Acknowledging that the humanitarian tragedy in Gaza “is well known and ongoing,” Anne Lynn, executive director of AFEDJ, told ENS that Ahli Arab Hospital “is the face of Christianity for these beleaguered people. So it’s no surprise that the Diocese of Jerusalem is committed to stay the course and keep the doors open.”Lynn said that AFEDJ and its donors are committed to help. “The diocese is taking smart, long-range steps to sustain the hospital. But they can’t make this transition without a lot of support,” she said. “We’ll be working hard find that support so the skilled staff at Ahli can continue to provide compassionate care to all.”— Matthew Davies is an editor/reporter for the Episcopal News Service. Rector/Priest in Charge (PT) Lisbon, ME Submit a Press Release Associate Rector Columbus, GA By Matthew DaviesPosted Jul 26, 2012 Rector Shreveport, LA Director of Music Morristown, NJ Bishop Diocesan Springfield, IL This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 UNRWA extends funding for six months to Gaza’s Ahli Arab Hospital An Evening with Aliya Cycon Playing the Oud Lancaster, PA (and streaming online) July 3 @ 7 p.m. ET Rector Hopkinsville, KY The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Family Ministry Coordinator Baton Rouge, LA Featured Events Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Rector Washington, DC Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Rector Tampa, FL Rector Martinsville, VA Priest Associate or Director of Adult Ministries Greenville, SC Featured Jobs & Calls Submit a Job Listing Canon for Family Ministry Jackson, MS Assistant/Associate Rector Washington, DC Associate Priest for Pastoral Care New York, NY Press Release Service Rector and Chaplain Eugene, OR Curate Diocese of Nebraska Episcopal Church releases new prayer book translations into Spanish and French, solicits feedback Episcopal Church Office of Public Affairs Submit an Event Listing TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Rector (FT or PT) Indian River, MI Rector Albany, NY Tags AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Curate (Associate & Priest-in-Charge) Traverse City, MI last_img read more

On This Day: Rhett Butler uses the “D” Word

first_img Please enter your name here On This Day In History: June 27th, 1939From The History ChannelOn this day in 1939, one of the most famous scenes in movie history is filmed–Rhett Butler and Scarlett O’Hara parting in Gone with the Wind. Director Victor Fleming also shot the scene using the alternate line, “Frankly, my dear, I just don’t care,” in case the film censors objected to the word “damn.” The censors approved the movie but fined producer David O. Selznick $5,000 for including the curse.The filming of the famous epic was itself an epic, with two and half years elapsing between Selznick’s purchase of the rights to Margaret Mitchell’s novel and the movie’s debut in Atlanta in December 1939. Selznick had balked at paying an unprecedented $50,000 for the rights to a first novel, but Mitchell stuck to her asking price and Selznick agreed in July 1937. He hired director George Cukor immediately, and casting began in the fall. Selznick launched a nationwide talent search, hoping to find a new actress to play Scarlett. Meanwhile, he set writers to work on the script.A year later, Selznick still hadn’t found an actress or received a satisfactory script. In May 1938, running low on funds, Selznick struck a deal with MGM. He sold the worldwide distribution rights for the film to the studio for $1.5 million, and MGM agreed to lend Clark Gable to Selznick.Filming finally began on December 10, 1938, with the burning of Atlanta scene, although Scarlett still hadn’t been cast. British actress Vivien Leigh, newly arrived from London, dropped by the set to visit her agent, Myron Selznick, brother of the producer. David O. Selznick asked her to test for Scarlett. In January, Leigh signed on as Scarlett and Leslie Howard as Ashley Wilkes, and at last, principal filming began. By February, however, there was trouble on the set. Gable clashed with the director, and by February 14, Victor Fleming replaced George Cukor. Principal filming ended on June 27, 1939.The film debuted in Atlanta on December 15, 1939, and became an instant hit, breaking all box office records. The film was nominated for more than a dozen Oscars, and won nine, including Best Picture, Best Screenplay, Best Actress, and Best Supporting Actress (which went to Hattie McDaniel, the first African American actress to win the award). The movie was digitally restored and the sound re-mastered for its 1998 re-release by New Line Pictures.For more information on This Day in History, go here. TAGSGone With The WindHistory Channelhistory.comThis day in history Previous articleGet moving! 6 ways to add steps to your dayNext articleBreaking News: Two injured in drive-by shooting Denise Connell RELATED ARTICLESMORE FROM AUTHOR Support conservation and fish with NEW Florida specialty license plate You have entered an incorrect email address! Please enter your email address here LEAVE A REPLY Cancel reply Share on Facebook Tweet on Twitter Save my name, email, and website in this browser for the next time I comment. Please enter your comment! Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 The Anatomy of Fear last_img read more

Commission on the Donor Experience reveals full findings

first_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis26 The Commission on the Donor Experience is asking charities to consider what promise they will make to donors as it launches the full outputs of the 18-month initiative today. The Commission on the Donor Experience’s findings reveal inconsistency in the quality of fundraising activities with people reporting varying degrees of positive and negative experiences. However, the research also showed that while there are many improvements that need to be made within fundraising practice, there was also much that was positive and much to learn from.A survey of 1,040 people conducted in partnership with Qualtrics for example, found that while 90% of respondents had an example of a ‘best experience’ (such as being thanked sincerely, being respected when they say no and understanding the difference they had made), some 87% had an example of a ‘worst experience’ (usually feelings of harassment, being pestered, asked to give more than they can afford and/or guilt at not being able to give more).In addition:63% described their experiences of giving as “good”66% agreed that, overall, supporting charities brought them joya little more than half (57%) felt sincerely thankeda little more than half (56%) knew how their gift was spenta little more than half (55%) enjoyed supporting that charityalmost a quarter (23%) felt emotionally blackmailedThe research also highlights the value of offering donors choice over how and when charities contact them. 54% of respondents said that the charities they support currently allow them to choose how or when they hear from them, but indicated that being kept informed on their own terms would positively affect their overall experience, and could increase the likelihood of them giving again and/or giving more.The Commission on the Donor Experience has brought together the results of all of its research, along with the insight and experience of more than 1,000 people from across the voluntary sector, to create a body of resources that includes 28 projects, 526 ideas for change and 250 case histories that are accessible to charities. These have also been summarised into a blueprint called the 6Ps, which sets out the goals, principles and tools available for charities to learn from, copy and adapt, to help them look at fundraising from the perspective of the donor.Commission’s 6P’sThe Commission’s 6Ps are as follows: Advertisement  126 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis26 PurposeFundraising charities will only earn the public trust, confidence and respect they need if they place the interests, convenience and positive experiences of their supporters as their top priority.Permanent changeThis is not about short-term cosmetic solutions. We need a lasting culture change that goes deep into our people and our organisations, and which challenges conventional practices and attitudes.PrinciplesFundraisers must be judged by longer-term, more donor-friendly criteria rather than just by income raised now. New criteria should include retention, satisfaction, non-financial engagement, future giving intentions, loyalty, commitment and lifetime value.Pillars of changeOur 12 pillars of change focus on integrity, skills, education and leadership, and are designed to ensure that values and creativity can be turned into achievable and practical action.Promise to donorsBy making a public commitment to donors, supporters will better understand and appreciate their role in bringing about change. So, the challenge to charities is “What new Promise will you make to donors?”Practical actionsFrom the use of language and emotion, through to different tools and techniques, through to trustee boards, service culture and investment, this is a comprehensive resource covering many different aspects of fundraising, and which is available for all to use.Sir Martyn Lewis, chair of the Commission, said:“Our research shows that profound change is needed and that charities need to give supporters genuine choices. It is time we stopped thinking about what not to do, and started thinking about what to do better, ensuring that donors feel really great about their giving. That is why the Commission is making this call to action to charities and asking them to think seriously about the promise they can make to donors.”  125 total views,  1 views today Melanie May | 5 July 2017 | Newscenter_img Tagged with: Commission on the Donor Experience Commission on the Donor Experience reveals full findings About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via read more

Justice Nariman Launches Asia Pacific Centre for Arbitration & Mediation with Secretariat in India

first_imgNews UpdatesJustice Nariman Launches Asia Pacific Centre for Arbitration & Mediation with Secretariat in India Sanya Talwar12 Aug 2020 4:35 AMShare This – xTen arbitration and mediation centers from Asia Pacific countries came together to launch a one of its kind Asia Pacific Centre for Arbitration & Mediation (APCAM) today. The e-inauguration was held at 4 PM on Thursday, August 6 with various legal luminaries gracing the occasion.Justice Rohinton F. Nariman inaugurated the launch. He began by welcoming dignitaries from Malaysia,…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginTen arbitration and mediation centers from Asia Pacific countries came together to launch a one of its kind Asia Pacific Centre for Arbitration & Mediation (APCAM) today. The e-inauguration was held at 4 PM on Thursday, August 6 with various legal luminaries gracing the occasion.Justice Rohinton F. Nariman inaugurated the launch. He began by welcoming dignitaries from Malaysia, Thailand, Nepal, Indonesia, Australia, Honk Kong, New Guinea & Taiwan to the “historic occasion”Justice Rohinton Fali Nariman, Supreme Court judge inaugurated the Asia Pacific Centre for Arbitration and Mediation (APCAM) on Thursday. Commencing his address, Justice Nariman welcomed international dignitaries from across the globe including Former Chief Justice of India M. N. Venkatachaliah, Justice Madan Lokur, Justice Kurian Joseph and other distinct luminaries from Australia, Hong Kong, Indonesia, Malaysia, Nepal, Papua New Guinea, Thailand and TaiwanWhile expressing his views on the Centre, Justice Nariman called the vision of the APCAM, as the crying need of the hour since the centre focuses on assisting the international business community to resolve their international and cross border disputes through a single set of arbitration and mediation rules combined with the privilege of providing the users of different countries with a uniform fee structure. Justice Nariman further expressed that the endeavour of APCAM to create a single panel of international mediators and arbitrators through a uniform accreditation structure will help in providing the best possible standards in professionalism and credibility which are of utmost importance for any institution. Justice Nariman highlighted that APCAM’s structure of providing both mediation and arbitration service will allow the disputants to first settle their bone of contention without any interference and if that fails then try to resolve their disputes through arbitration. Justice Nariman noted that through this structure APCAM intends to create a fair and time bound manner of dispute resolution which will make the centre move forward.Expressing his viewpoint on Arbitration Council of India, Justice Nariman highlighted that section 43B of the Arbitration and Conciliation (Amendment) Act 2019 called for setting up of such a Council in order to take all such measures as may be necessary to promote and encourage arbitration, mediation or other alternative dispute resolution mechanisms in India. Justice Nariman noted that the council has been empowered in the act to make grading of arbitral institutions on the basis of criteria relating to infrastructure, quality and calibre of arbitrators, performance and compliance of time limits for disposal of domestic or international commercial arbitrations, in such manner as may be specified by the regulations. Justice Nariman expressed that unfortunately the same section has not been enforced because of which there has been a void in terms of systematic and professional institutional arbitration services in India as well as the Asia Pacific region. Concluding his speech, Justice Nariman, applauded the advisory board of the APCAM stating that APCAM is guided by an extremely eminent advisory board comprising of paterfamilias of the Indian judiciary and extinguished jurists of the world. Justice Nariman, at last, expressed his best wishes to the Centre and remarked that the void of institutional ADR services will hopefully be filled in once APCAM starts functioning. Former Chief Justice of India, Justice M.N. Venkatachaliah mulled over what the post-covid world would be like.”Every institution, its utility has to be assessed basis the relevance of time. The world would be divided by not ideology but by Technology. The emerging new world must sit up, take a deep breath and wake up to see what will come forth”He stated that recent studies express great hope for the future, basis confluence of technology. Future of courts are Arbitrations and Mediation which the humane man’s alternative to litigative combat, he said.Former Judge of the Supreme Court, Justice Madan B. Lokur shared his views on the functioning of APCAM in the future.He said that since in the Asia-Pacific region, there are a diverse set of cultures, which often causes confusion because of different laws and rules which have been framed in the countries. Through APCAM, Justice Lokur said that it will bring about uniformity in the procedures and processes when dealing with Arbitrations. Justice Lokur: “This uniform system is remarkable. If we’re able to achieve it, it will bring about a sea-change in the resolution of mediations and Arbitrations” The other aspect which he highlighted was the code of ethics which shall be implemented will give much greater strength to the litigants who come before this tribunal as they will know that the arbitrators and competent and have basic ethical standards so whatever the Award, it will be accepted. “Of course, there is going to be uniformity in fees which will be paid to Arbitrators which will bring a sense of sanity it terms of what fees are paid to arbitrators” he said. The APCAM was inaugurated by Justice RF Nariman, Judge, Supreme Court. Other dignitaries who shall launch APCAM Rules, Website, etc. include Justice Neil McKerracher, Jude, Federal Court of Australia; Prof. Justice Chang-fa Lo, Former Judge, Constitutional Court of Taiwan; Mr. Nopporn Podhirangsiyakorn, Vice President of the Supreme Court of Thailand; Justice AR Sharma, Chairperson, NHRC, Nepal; and Prof. Wisit Wisitsorat, Permanent Secretary of Ministry of Justice, Thailand.Advisory Board Members of the APCAM includes:- Justice MN Venkatachallah, Former Chief Justice of India;- Justice Madan B. Lokur, Former Judge, Supreme Court of India;- Phongthep Thepkanjana, Former Deputy Prime Minister and Chief Judge, Thailand;- Prof. Clyde Croft AM SC, Former Judge, Supreme Court of Victona, Australia;- Prof. Dr. Mieke Komar, Former Justice, Supreme Court Republic of Indonesia;- Mr. Rimsky Yuen Kwok-keung, Former Secretary for Justice of Hong Kong;- Justice Keshari Raj Pandit, Former Chief Judge, High Court of Nepal.Governing Board Members of the APCAM include:Chairman— Mr. Anil Xavier, President, IIAM, India;Vice Chairman— Dr. Francis Law, Chairman, SKIMC, Hong Kong;Vice Chairman— Datuk Kuthubul Zaman, Co-Chairman MMC, Malaysia;Secretary General— Mr. Fahmi Shahab, Director, PMN, IndonesiaChair-Accreditation— Dr. rajesh Sharma, Director, IIAM, Australia;Executive Director— Ms. Iram Majid, Director, IIAM, India;Board Member— Mr. Matrika Niraula, General Secretary, NIAC, Nepal;Board Member— Ms. Siu Wing Sylvia, Immediate Past President, HKIArb, Hong KongBoard Member— Mr. Pasit Asawawattanaporn, Managing Director, THAC, Thailand;Board Member— Ms. Delcy Lagones, Director, ARDC, Australia.The Secretariat of APCAM will be in India and Mr. Anil Xavier from India will be the Chairman, with Dr. Francis Law from Hong Kong and Mr. Kuthubunl Zaman from Malaysia as Vice-Chairmen and Mr. Fahmi Shahab from Indonesia as Secretary General. Ms. Iram Majid from India will be the Executive Director. The Secretariat will be in New Delhi, located at C-51, Greater Kailash 1, New Delhi – 110048. For details, see or contact [email protected] or 011 41630997.Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

Ovintiv to sell Eagle Ford assets to Validus Energy for $880m

first_imgDeal will help the company to cut down its debt to under $5bn by the year-end Ovintiv strikes $880m deal to divest its assets in the Eagle Ford Basin in the US. (Credit: Monika Wrangel from Pixabay) Ovintiv, a North American oil and gas producer, has agreed to divest its Eagle Ford assets in the US to Validus Energy for $880m.The company expects full year 2021 volumes from its Eagle Ford assets to average around 21 thousand barrels of oil equivalent per day (MBOE/d). Included in these is 14 Mbbls/d of crude and condensate.Ovintiv’s Eagle Ford assets are located in south Texas.The deal with Validus Energy enables the company to surpass its divestiture target with more than $1.1bn in asset sales. Besides, the transaction will help it bring down its year-end 2021 debt to under $5bn.Ovintiv anticipates achieving its debt target of $4.5bn in the first half of next year.Ovintiv CEO Doug Suttles said: “Today’s Eagle Ford announcement continues our track record of unlocking value from non-core assets. Proceeds will significantly accelerate the achievement of our debt reduction target and allow us to pay off near-term debt maturities with cash on hand.“Our 2021 outlook is strong and we expect to generate significant free cash flow for the fourth consecutive year.”The company’s core growth assets are located in the Anadarko Basin and Permian Basin in the US, and in the Montney Formation in Canada.For the full year 2021, the company expects to achieve crude and condensate volumes of around 190Mbbls/d, which includes an impact of 10Mbbls/d from divestitures.Ovintiv said that there will be no changes for its planned capital investments for this year, which will stay at around $1.5bn.Last month, the North American oil and gas company announced the sale of its Duvernay assets in Alberta, Canada in a deal worth up to around $263m to an undisclosed buyer.The Duvernay agreement along with the Eagle Ford transaction, which are subject to closing conditions and regulatory approvals, are expected to be closed in Q2 2021.last_img read more

After 51 Super Bowls, When Will the Eagles Finally Win One?

first_imgFor long suffering fans of the Philadelphia Eagles, Super Bowl Sunday is always met with a sense of sadness. How can a franchise that has enjoyed a relatively successful tenure in the NFL still be without a Super Bowl victory? Well maybe, just maybe, that will change in the near future.During Andy Reid’s time with the Eagles, they were a perennial playoff team that made it to a Super Bowl in 2005. After Reid’s time in Philly, I think most Eagles fans would agree that the Chip Kelly experiment was a failure and actually set the team back during his 3 years in Philadelphia. Now with new coach, Doug Pederson, in place and the seemingly smart move to draft a potential franchise Quarterback in Carson Wentz, the Eagles fortunes have certainly begun to look up.The Eagles front office has expressed an interest in clearing significant salary cap space by parting ways with some long-standing veterans. Names like Connor Barwin, Jason Kelce, Jason Peters, Brent Celek and Ryan Matthews have been mentioned as those who could very well be on their way out. With that needed cap space, the Eagles would have the ability to address some of the most glaring areas of need on the team for 2017.If you even watched one quarter of an Eagles game this year, you probably noticed the Eagles wide receivers rarely caught a pass this year. Addressing the need for sure handed wide receivers who can not only catch the ball but also spread the field with additional speed, may signal a potential return of former fan favorite, DeSean Jackson. The former Eagles wide receiver was famously cut by Chip Kelly and ended up playing the past several seasons for the Washington Redskins. While not the dynamic player he once was, Jackson is still a big play receiver who would be welcomed back by the fans of Philadelphia to help improve our receiving corps.The Eagles also shrewdly acquired a first round pick for serial under-performer, Sam Bradford, right before the start of the 2016 season. That pick has now become the number 14 pick in the draft and will allow the Eagles to pursue other areas of need on the team such as Cornerback and an edge Defensive player who can help apply more pressure on opposing Quarterbacks. Interestingly enough, the draft is being held in Philadelphia this year, so perhaps that is a sign of good luck for the Eagles.Despite the fact that the Eagles missed the playoffs again this year, it is interesting to note that they beat the Super Bowl bound Atlanta Falcons in November in Philadelphia and also famously let a few other games slip away from them over the course of the year. Perhaps with an improved roster and a coach and QB who have gained more experience, the prospect of the Eagles making the playoffs next year look very good.When will the Eagles actually win a Super Bowl? It’s hard to say…..let us know what you think by visiting our Facebook page and voicing your opinion.last_img read more

Costa says no plans to slow store development

first_imgThe coming recession is unlikely to affect Costa Coffee’s store expansion plans though pricing on food could come under pressure, Costa’s MD John Derkach told British Baker.Despite reports that people are cutting back on coffee shop visits he said the chain had not yet felt the need to adapt its pricing on coffee. “We haven’t felt the pressure thus far. Clearly there’s no cause for complacency, as you cannot predict what’s going to happen tomorrow let alone next year,” he said.However, he added that food, such as sandwiches and cakes, which represents around 30% of Costa’s business compared to 70% for coffee, may come under review. “Sandwiches and cakes are important to our business and it might be appropriate to look at the pricing of those in different ways. But more importantly, we’d look at developing slightly different products.”He added that the economic climate has not affected Costa’s expansion plans.”We might have to think twice about certain sites but there are still huge opportunities to grow, so we haven’t changed the rate of expansion. It’s constantly under review and we can turn that tap off and on at short notice, if we need to.”—-=== Costa Barista of the Year ===Costa Coffee has awarded Kat Finch, from Costa at Strensham Roadchef Service Station, its official world Barista champion. Twenty-year-old Kat competed against nine other finalists from all over the world at the annual Costa Barista of the Year Competition held at Costa’s Roastery in London.last_img read more