Category: xcnujkkqinldfgpz Page 1 of 15

Tweedie tells politicians to let IASB find his successor

first_img Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof whatsapp European politicians should not interfere in how the next chief of a global accounting rule setting board will be selected, the board’s current chairman said yesterday.David Tweedie, chairman of the International Accounting Standards Board (IASB), which sets accounting rules used in over 100 countries, including the EU, said the selection of his successor should be dealt with solely by the IASB’s trustees. “If everyone wants to have their say, in the end, no one has a say,” Tweedie said.Tweedie is understood to have been annoyed that the European Union’s executive European Commission was seeking to influence the selection process.Tweedie steps down in June 2011 and the trustees are expected to name his successor next month. Show Comments ▼ KCS-content Tweedie tells politicians to let IASB find his successor Sharecenter_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndo Thursday 9 September 2010 8:31 pm whatsapp Tags: NULLlast_img read more

New Slovakian law to “relax” online gambling restrictions

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Legal & compliance Bill that welcomes overseas operators is submitted to European Commission Regions: Europe Central and Eastern Europe Slovakia Slovakia’s gaming sector has welcomed the government’s plans for a regulated market that could be introduced as soon as next year.Slovakia has submitted draft legislation to the European Commission which would replace existing legislation that dates back to 2005 and open up the market to private operators from March 1, 2019. The Slovakian government admitted the regime has been designed to mirror its European neighbours’ success stories.Now the draft bill has been submitted there will be a three-month period of standstill as the Commission examines whether it is lawful.The new law is a significant change for Slovakia, which has black-listed more than 200 gambling domains – including household names such as Bet365 and 888 – since a previous bill was passed in 2016. Currently, online casino and poker activity remains the sole responsibility of the state-owned TIPOS national lottery.“The state began blocking illegal companies. But that was only the first step. Now comes the second, clear rules for everyone – anyone who wants to offer online casino games will be able to do so if they meet the prescribed conditions,” said Peter Papanek, head of the Association of Betting Companies of the Slovak Republic, according to Sport Aktuality.“Experience from abroad shows that, if the state wants to intervene against tax evasion and illegal gambling, it must go through the liberalisation of the market and the setting of fair conditions, inter alia, to motivate operators to operate legally.“Illegal companies thus lose the incentive to circumvent the rules, and the state, in addition to income, also gains the certainty of consumer protection. The countries that have been chosen liberalisation have rapidly reduced the share of the black market.”In its submission, Slovakia’s Ministry of Finance, which will have responsibility for gambling, said it wants to “relax restrictions on access to the internet gambling market”. Companies with a base in Slovakia or another EU state are able to apply for a licence.A new Regulatory Office for Gambling is proposed in order to centralise activities in the gambling sector. With the exception of legislation, the office’s scope would cover all activities related to the gambling sector, in particular licensing, supervision, imposing sanctions and the administration of fees.Online operators would pay a 23% tax rate under the new regime, with various operational charges.The Slovakian authorities said they were inspired by European countries that have introduced new regulated gambling frameworks in recent years such as Denmark, Sweden, Romania and the Czech Republic.“[The draft act] would take technological progress and the findings of regulatory authorities in other European countries into account more fully, while simultaneously improving the protection of players from possible harmful effects directly related to services provided in this sector,” the Ministry said in a statement.The Ministry explained that operators would need to provide the newly created regulatory authority with access to a server so that it can have oversight of data. Subscribe to the iGaming newsletter Tags: Online Gambling 27th July 2018 | By contenteditor Topics: Legal & compliance Email Address New Slovakian law to “relax” online gambling restrictionslast_img read more

FDJ-Sporting Solutions: it’s good to talk

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: Europe UK & Ireland Western Europe France La Française des Jeux’s (FDJ) acquisition of Sporting Solutions will see the French group use Solutions’ trading expertise to develop its B2C offering in its home market and its lottery-focused B2B activities internationally. But a clear vision of how to integrate the UK group into FDJ’s mega-structure will also be just as important if the deal is to be successful, writes Jake Pollard. FDJ-Sporting Solutions: it’s good to talk Tags: Mobile Online Gambling OTB and Betting Shops Spread Betting Subscribe to the iGaming newsletter La Française des Jeux’s (FDJ) acquisition of Sporting Group will see the French group use Solutions’ trading expertise to develop its B2C offering in its home market and its lottery-focused B2B activities internationally. But a clear vision of how to integrate the UK group into FDJ’s mega-structure will also be just as important if the deal is to be successful, writes Jake Pollard.The announcement was covered by most media outlets last week, but in truth it went pretty much unnoticed and, as such, very few questions have been asked about it.For FDJ, and, to an extent maybe, Sporting Group, that is just as well. The French state lottery only does press when it feels like it, which is not often (ie, never), and it really stuck to that MO following its acquisition of the operator and supplier.When iGamingBusiness.com emailed the company trying to find out more about the deal, what the strategy and rationale behind it were, and what we could expect to see from FDJ in terms of products, it replied: “Thank you for your inquiry. The FDJ Group of companies won’t comment further on the Sporting Solutions acquisition PR sent yesterday. We’re looking forward to sharing new development (sic) with you soon.”Talk about shutting out the press. A major gambling group like FDJ, the second biggest lottery operator in Europe, entering the B2B sports betting space is noteworthy and media interest is natural.Solutions’ strong identity Does it matter that FDJ point blank refuses to speak to industry journalists? Of course not, the practice however does not make the group look good, especially when its last foray into the B2B space, the acquisition of LVS, sunk without a trace.One industry contact, who has worked with both companies and agreed to speak on condition of anonymity, says the Sporting Solutions buy out means FDJ “has bought a fantastic trading team, a good B2B specialist which it will use to strike deals with other lotteries around the world”.In their view, Sporting Solutions is unlikely to go the way of LVS because the latter was “a small, young company when it got taken over, whereas Solutions has a strong corporate identity and commercial culture that is unlikely to get lost in the FDJ monolith. It has a much better capacity for resistance, even if the integration process will not be simple”.If FDJ’s corporate strategy seems obvious enough, “to eventually be able to price up and trade its own betting products in its home market and develop a B2B client base of (mainly) state-operated lotteries internationally”, says the contact, the two groups have very different cultures. “One is a highly commercial UK betting specialist, the other is a huge state-run operator with a very different mindset and way of working”. In terms of what FDJ is getting, a former Solutions staffer tells iGaming Business: “FDJ will be getting strong trading and tech expertise, integrations into multiple platforms and partners, algorithms across nearly all major and minor sports, with the ability to supply the trading models so that operators can self-trade.”On the downside, “spread betting business is ingrained across the company and is very difficult to separate (from fixed odds sports) and it will be interesting to see how they approach the issue.“Solutions has a fixed odds platform it bought from Grand Parade but it isn’t compatible with FDJ’s LVS legacy platform”, the former employee adds.In addition, the size of the prospective market for Solutions’ products and services at present is not broad, and “large operators are taking big sports in-house, so Solutions only get the long tail and many small and medium-sized operators have already moved to providers such as SBTech or Kambi”.Communication breakdown? The latter point is true, and while FDJ will be aiming at lottery operators around the world and taking Solutions into new regions, SG Digital/OpenBet is already doing the same and is further down that path; both commercially and at the product integration level.Furthermore, Sporting Solutions supplies many of the companies it will now be competing directly against for major contracts, even if that is an accepted part of the igaming supply chain.This doesn’t mean the project won’t be successful, but it won’t be easy, from a cultural perspective as much as a purely tech or commercial endeavour.To prove the point, the contact who has worked with both groups says he has been aware of this deal for some time. But even Sporting Solutions executives he is in touch with regularly did not know when it would be announced and were yet to hold face-to-face meetings with senior FDJ staff to work things through.But really the PR episode mentioned at the start of this article is merely an indication of the way FDJ works; and there are likely to be many more episodes where the group’s lack of clarity and communication becomes the stuff of post-work pub stories. The key will be whether it has a long-term negative impact on how Solutions operates. As the saying goes, it’s good to talk. Email Address Topics: Lottery Sports betting Strategy Tech & innovation 4th July 2019 | By Robin Harrison Lotterylast_img read more

Rockwell Automation Names Bobby Griffin as Its First Chief Diversity, Equity & Inclusion Officer

first_img WhatsApp Previous articleBrainlab Loop-X Mobile Imaging Robot and Cirq Robotic Alignment Module for Spine Both Receive FDA clearanceNext articleThis Heart Month, Pledge to Help Your Heart with These 3 Fitness Tips Digital AIM Web Support By Digital AIM Web Support – February 22, 2021 MILWAUKEE–(BUSINESS WIRE)–Feb 22, 2021– Rockwell Automation, Inc. (NYSE:ROK), the world’s largest company dedicated to industrial automation and digital transformation, today named Bobby Griffin to the newly created role of vice president, Human Resources, and Chief Diversity, Equity and Inclusion Officer. Griffin will report to Senior Vice President, Chief People and Legal Officer Becky House. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210222005089/en/ Bobby Griffin. (Photo: Business Wire) Griffin joins Rockwell with more than 25 years of diversity and inclusion strategy and leadership experience at Fortune 500 companies. He most recently served as vice president of diversity and inclusion at CBRE, a commercial real estate services company with more than 100,000 employees, operating in over 100 countries. He brings a strong, career-long track record for raising diversity and inclusion awareness, improving organizational culture, and building inclusive leadership capabilities in ways that also improve business outcomes. “We’re excited to welcome Bobby and look forward to engaging his passion, thought leadership, and global experience as we strengthen our culture of diversity, equity and inclusion,” said Rockwell Automation Chairman and CEO Blake Moret. “We elevated this role because we are committed to accelerating our efforts to increase diversity in our workforce and ensure we have an inclusive culture where all employees can and want to do their best work.” Griffin will lead a team responsible for designing a holistic diversity, equity and inclusion strategy that reaches employees, suppliers, and commercial and community partners. Griffin will work with Rockwell’s senior leaders to operationalize the strategy, connecting it to the work the company does every day. He joins the company Feb. 22. “I’m thrilled about the opportunity to join this great company. Rockwell has a strong commitment to employees and to diversity and inclusion as evidenced by its values, strategies, and initiatives to support both,” said Griffin. “I look forward to working with the leadership team, employees, and external partners to build on the work that has already been done in the diversity and inclusion space and to develop and implement new approaches to enhance impact and outcomes.” Prior to CBRE, Griffin was global head of diversity and inclusion for Flowserve Corporation and global head of diversity and inclusion for Alcon Inc. He has also held various regional and domestic human resource leadership positions for Coca-Cola and Merck & Co., Inc. Griffin holds a bachelor’s degree in business management from Abilene Christian University and a Master of Business Administration degree from the University of North Texas. About Rockwell Automation Rockwell Automation Inc. (NYSE: ROK), is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 23,500 problem solvers dedicated to our customers in more than 100 countries. To learn more about how we are bringing the Connected Enterprise to life across industrial enterprises, visit www.rockwellautomation.com View source version on businesswire.com:https://www.businesswire.com/news/home/20210222005089/en/ CONTACT: Media Contact: Sadhna Morato-Lindvall Global External Communications + 1 414-364-5793 [email protected] KEYWORD: UNITED STATES NORTH AMERICA WISCONSIN INDUSTRY KEYWORD: TECHNOLOGY GENERAL AUTOMOTIVE MOBILE/WIRELESS ENGINEERING AUTOMOTIVE MANUFACTURING MANUFACTURING AUTOMOTIVE OTHER TECHNOLOGY SOFTWARE NETWORKS INTERNET HARDWARE OTHER MANUFACTURING ELECTRONIC DESIGN AUTOMATION SOURCE: Rockwell Automation, Inc. Copyright Business Wire 2021. PUB: 02/22/2021 07:00 AM/DISC: 02/22/2021 07:01 AM http://www.businesswire.com/news/home/20210222005089/en Pinterest Facebook Twitter Rockwell Automation Names Bobby Griffin as Its First Chief Diversity, Equity & Inclusion Officercenter_img Local NewsBusiness Facebook Pinterest Twitter TAGS  WhatsApplast_img read more

Non-Registration And Insufficient Stamp Duty ; Added Limitations To The Arbitration

first_imgColumnsNon-Registration And Insufficient Stamp Duty ; Added Limitations To The Arbitration Lalit Ajmani4 May 2020 6:58 AMShare This – xArbitration was introduced to provide an effective and speedy dispute resolution mechanism. It emerged as a viable alternative to the slow and long litigations. However, with the passage of time, the arbitration itself becomes complex, and faced with various limitations. Therefore it, often, unable to furnish a hassle free mechanism. The reasons could be many, but both legislative…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?LoginArbitration was introduced to provide an effective and speedy dispute resolution mechanism. It emerged as a viable alternative to the slow and long litigations. However, with the passage of time, the arbitration itself becomes complex, and faced with various limitations. Therefore it, often, unable to furnish a hassle free mechanism. The reasons could be many, but both legislative and judicial bodies have played their role in shaping the scope of arbitration in India. Abitrability of fraud, right in rem or right in personam, whooping scope of section 34[1], and unregistered or not duly stamped agreement are just few of the examples which directly or indirectly curtailed the scope of arbitration. Each aspect carries a long and interesting jurisprudence which can’t be summed up in a few words. For the sake of brevity, the author is focusing on one aspect only viz, the impact of unregistered and not duly stamped agreement on arbitration with the help of relevant provisions of law, and the related case laws decided by the Hon’ble Apex Court. Relevant provisions of Law Certain classes of agreements are required to be registered[2]. The requirement of registration is given under the Transfer of Property Act, 1882 (herein after the “TP Act”) r/w the Registration Act, 1908. The TP Act mandates the registration of various agreements, including the agreements related to the sale of an immovable property[3], mortgage[4], lease[5], and transfer of immovable property by way of gift[6]. The registration process is being regulated by the Registration Act, 1908 (herein after the “Registration Act”) and the rules made thereunder. The Registration Act, inter alia, deals with compulsory and optional registrabel documents[7]. Agreements of gift of immovable property and lease of immovable property[8] are just few of the many compulsory registrable documents. Moreover, section 49 of the Registration Act clarifies that if any compulsory registrabel document is not registered, then the same can’t be acted upon until the document gets registered. However, such unregistered document may be received as evidence in a suit for specific performance or as evidence of any collateral transaction not required to be effected by the registered document. The aforesaid discussion touches the few of many classes of agreements which carry the mandate of registration. Moreover, the law requires the payment of stamp duty qua certain classes of agreements. The stamp duty provisions are embodied under the Indian Stamp Act, 1899 (herein after the “Stamp Act”). It is apposite to mention that few states have enacted their own municipal stamp rules. The Stamp Act, inter alia, discusses the consequences of inadequately stamped ‘instruments'[9]/documents and their evidentiary value[10]. The same is briefly depicted below. Impounding of the instruments not duly stamped Section 33 of the Stamp Act, inter alia, states that a court shall impound the instrument which is not duly stamped in accordance with law. The provision casts the duty upon a court to impound such instrument whenever provided by. Admissibility of such instruments section 35 of the act says that the instrument which is not duly stamped can’t be acted upon and can also not be received as evidence until it gets duly stamped. Moreover, the concerned party can be penalized for not getting the instrument stamped[11]. The aforesaid discussion provides us a brief idea about the mandate of registration and stamp duty in certain classes of agreements. The arbitration agreement, per se, doesn’t find any substantial place in the aforesaid statues. however, the registration and stamp duty laws have helped in shaping the scope of arbitration which is elucidated as follows. Arbitration and registration/ stamp laws Asunder from the liability of stamp duty qua the arbitral award[12] and the instrument of partition[13], there is as such no clear description or relation of arbitration and laws relating to registration and stamp duty. It is submitted that section 16 of the Arbitration Act, 1996 (herein after the “Arbitration Act”) makes the arbitration independent of the other provisions of the main agreement and it also empowers the arbitral tribunal to adjudicate the issues pertaining to its jurisdiction. Therefore, prima facie, it can be stated that the arbitration can’t be ruled out merely on the basis of unregistered and not duly stamped agreement and the same needs to be decided by the arbitral tribunal as provided by and under section 16 of the Arbitration Act. However, it can also not be ignored that if there is no agreement to act upon, then the parties may find it difficult to invoke the arbitral proceedings. The said issue is no more res integra and the same is dealt by the Hon’ble Supreme Court on more than one occasion. Various instances are discussed below which have come up before the Hon’ble Supreme Court. The impact of unregistered and insufficient/ unstamped agreement on arbitration The Hon’ble Supreme Court in SMS Tea Estates Pvt. Ltd. vs. Chandmari Tea Company Pvt. Ltd.[14] discussed the impact of an unregistered and not duly stamped agreement on arbitration and also elaborated the course of action which the concerned court needs to follow in such cases. Among others, the following questions of law were raised before the Hon’ble Court. – Arbitration agreement contained in an unregistered (but compulsorily registrable) instrument is valid and enforceable? the Hon’ble Court while placing reliance upon section 49 of the Registration Act held that the arbitration clause containing in an unregistered but compulsorily registrable instrument (lease deed in this case) is a collateral provision relating to the dispute resolution mechanism and the same is not related with the main transaction i.e. transfer of an immovable property Moreover, the arbitration agreement is not needed to be registered under the Registration Act. Thus, a combine reading of section 49 of the Registration Act and section 16 of the Arbitration Act clarifies that even where an arbitration agreement is a part of an unregistered but compulsorily registrable instrument, the same can be acted upon. However, despite being admissible qua triggering the process of arbitration proceedings, the said instrument can’t be relied upon by the arbitrator except for merely 2 (two) purposes i.e. (i) as evidence of contract in a claim for specific performance and (ii) as evidence of any collateral transaction which does not require registration. Thus, technically the arbitration is not ousted in such scenario, but it remains with limited options which may not serve the purpose. An arbitration agreement in an unregistered instrument which is not duly stamped, is valid and enforceable? The Hon’ble Court held that where an instrument is not duly stamped then the concerned court is duty bound to impound such instrument and follow the procedure prescribed under the Stamp Act. Moreover, the court cannot act upon such instrument until the deficit duty is paid. Consequently, the arbitration clause can’t also be invoked till then. The Stamp Act is bereft of any provision akin to section 49 of the Registration Act. Therefore, an instruments] not being duly stamped can’t be acted upon even for the limited purposes. It is submitted that the Hon’ble Court succinctly stated that the arbitration clause can’t be ignored merely due to the non registration of an instrument required to be compulsorily registered. However, even in such scenario, the arbitral tribunal can’t rely upon the instrument except for the limited purposes as discussed above. Moreover, an instrument which in not duly stamped can’t be acted upon unless the mandate of the Stamp Act is not fulfilled. Consequently, the arbitration clause also remains unenforceable till the deficit stamp duty is paid. Where the party is not willing to pay the deficit stamp duty The Hon’ble Supreme Court in the case of Naina Thakkar Vs. Annapurna Builders[15] noted that the lease deed in question is unregistered and not duly stamped. Moreover, the party is not willing to pay the deficit stamp duty and the penalty which may be imposed by the collector. It was held that the procedure mentioned in SMS Tea case is not applicable to the proceedings under section 8 of the Arbitration Act where the applicant does not express his willingness to pay the deficit stamp duty and the penalty. Moreover, the civil court is not duty bound to adjourn the suit indefinitely until the said defect is cured. Impact of the Arbitration and Conciliation (Amendment) Act, 2015 The Arbitration and Conciliation (Amendment) Act, 2015 (herein after the “2015 Amendment Act”, inter alia, brought an amendment to section 11 of the Arbitration Act. Section 11 deals with the appointment of an arbitrator. During section 11 application proceedings, the court can examine the existence and validity of an arbitration agreement. Moreover, the validity of a main contract due to want of registration and not being duly stamped can also be considered in such proceedings. Therefore, it is imperative to study the impact of 2015 Amendment Act on section 11 of the Arbitration Act. Among various amendments, section 11 (6A) was inserted[16] by way of the 2015 Amendment act. (6A) The Supreme Court or, as the case may be, the High Court, while considering any application under sub-section (4) or sub-section (5) or sub-section (6), shall, notwithstanding any judgment, decree or order of any Court, confine to the examination of the existence of an arbitration agreement. Section 11 (6A) prima facie restricts the scope of section 11 proceedings. The perusal of the provision shows that the courts are merely required to examine the existence of an arbitration agreement, nothing more and nothing less. However, where the validity or existence of a main agreement is itself in question, then can the parties be directed to an arbitrator without deciding the existence or validity of the main agreement, considering the fact that the 2015 Amendment prima facie restricts the scope of section 11 application? This interesting question came up before the Hon’ble Supreme Court in the case of Garware Wall Ropes Ltd. vs. Coastal Marine Constructions & Engineering Ltd.[17]. The Hon’ble Apex Court while discussing plethora of cases stated that section 16 of the Act comes only after the constitution of an arbitral tribunal and therefore it’d be incorrect to say that while deciding section 11 application, section 16 is required to be applied. The Hon’ble court also held that when an arbitration clause is contained in a ‘main agreement’, then the arbitration can only be relied upon when the main contract is enforceable in law. Therefore, if the main agreement is not enforceable by any reason including but not limited to the non registration and being not duly stamped, then the course to arbitration can’t be acceded to until the defect doesn’t cease to exist. Dealing with the amendment i.e. section 11(6A) the Hon’ble Court held that: “…It is clear, therefore, that the introduction of Section 11(6A) does not, in any manner, deal with or get over the basis of the judgment in SMS Tea Estates (supra), which continues to apply even after the amendment of Section 11(6A)” “…Therefore, even a plain reading of Section 11(6A), when read with Section 7(2) of the 1996 Act and Section 2(h) of the Contract Act, would make it clear that an arbitration Clause in an agreement would not exist when it is not enforceable by law. This is also an indicator that SMS Tea Estates (supra) has, in no manner, been touched by the amendment of Section 11(6A).” The Hon’ble Court thereby delimits the scope of section 11 application, despite there being a clear indication of restricted role of a court as embodied by section 11(6A) of the Arbitration Act. Recent developments Following the settled law, the Hon’ble Court in Dharmaratnakara Rai Bahadur Arcot Narainswamy Mudaliar Chattram & Other Charities and Ors. vs. Bhaskar Raju & Brothers and Ors.[18] reiterated that the arbitration clause cannot be acted upon by a court where the instrument is not registered or not duly stamped. It is interesting to note that the Arbitration Act was further amended in 2019[19] and by the virtue of the said amendment, section 11(6A) is omitted from the statue book[20]. The said omission affirms the stand of the Hon’ble Supreme Court on the impact of an unregistered and not duly stamped instrument on the arbitration. Final remarks As we have discussed above, the Hon’ble Supreme Court has consistently followed the impact of want of registration and stamp duty on an arbitration agreement. Moreover, the Hon’ble Court didn’t interpret the matter differently despite there being a clear restriction imposed upon the courts by way of addition of section 11(6A) to the Act[21]. The conjoint and harmonious reading of the various statutes, aforesaid case laws and the recent amendments shows that the registration and duly stamped instruments in certain classes of agreements are sine qua non to trigger the arbitration proceedings. The aforesaid discussion leaves no room of doubt about the fate of an arbitration agreement where the main agreement is not registered and not duly stamped. Views Are Personal Only(Author is Practicing Lawyer At Delhi) [1]Section 34 of the Arbitration and Conciliation Act, 1996 [2] See the Transfer of Immovable Property Act, 1882 and the Registration Act, 1908 [3] Section 54 of the Transfer of Immovable Property Act, 1882 [4] Ibid; section 59 [5] Ibid; section 107 [6] Ibid; section 123 [7] Part III (Sections 17 to 22) of the Registration Act, 1908 [8] Ibid; section 17 [9] See the definition of Instrument as given under section 2(14) of the Indian Stamp Act, 1899 as “Instrument”.— ―instrument‖ includes every document by which any right or liability is, or purports to be, created, transferred, limited, extended, extinguished or recorded. [10] Chapter IV of the Indian Stamp Act, 1899 [11] Ibid, section 35 of Indian Stamp Act, 1899 [12] Ibid, Schedule I [13] Ibid, Schedule I and section 2 (15) [14] (2011) 14 SCC 66 [15] (2013) 14 SCC 354 [16] Arbitration and Conciliation (Amendment) Act, 2015 [17] AIR 2019 SC 2053 [18] MANU/ SC/ 0190/ 2020 [19] Arbitration and Conciliation (Amendment) Act, 2019 [20] Section 3 of the Arbitration and Conciliation (Amendment) Act, 2019, inter alia, omits section 11(6A) of the main Arbitration Act. But the same is not notified yet. However, vide notification dated 30.08.2019 various other provisions of 2019 Amendment Act are notified. The notification dated 30.08.2019 is available on http://legalaffairs.gov.in/sites/default/files/notificaiton%20arbit.pdf [21] Arbitration and Conciliation (Amendment) Act, 2015 Next Storylast_img read more

Greg Zanis, who built crosses to honor victims of mass shootings, has died

first_imgABC News(CHICAGO) — BY: MEREDITH DELISOAn Illinois man who made thousands of crosses commemorating victims of violence in America has passed away.Greg Zanis, founder of Crosses for Losses, died Monday morning, the organization announced on Facebook.Zanis, 69, of Aurora, died of cancer, according to Chicago ABC station WLS.The master carpenter started making the crosses in 1996, the year his father-in-law was killed in his hometown of Aurora, Illinois.“I had the privilege of having the prayer coalition come over and help me with my grief,” Zanis told ABC News in February 2019. “A few months later there was a 6-year-old killed in Aurora … and his mom asked if I’d make a cross for her son.”Over the years, Zanis made more than 27,000 white crosses and traveled the country paying his respects to victims of gun violence.One of his first projects was for the shooting at Columbine High School in Colorado in 1999.He was in Newtown, Connecticut, following the Sandy Hook shooting; Orlando, in the wake of the Pulse nightclub shooting; Las Vegas after the massacre at the Route 91 Harvest Festival; Parkland, Florida, after the Marjory Stoneman Douglas High School mass shooting; and El Paso, Texas, after a mass shooting Walmart. He built Stars of David to honor the victims gunned down at the Tree of Life synagogue in Pittsburgh.“I’ve got nothing with politics, I’m not a church guy [and] I’m not a gun guy,” he told ABC News from El Paso in August 2019. “I’m a guy about the heart. Our heart is broken here in America. I want everybody to know I love them.”Last year, tragedy struck close to home when five employees at the Henry Pratt manufacturing plant in Aurora were killed in a mass shooting in February.“This is the last thing I wanted, for this to happen so close to my house,” Zanis told ABC News at the time.On Friday, three days before Zanis passed away, residents of his hometown formed a mile-plus-long car parade to pay tribute to him. His family invited people to drive by and wave so Zanis could appreciate it, according to WLS.Linda Regnier was there with the cross Zanis made for her cousin, Luis Martinez, who was killed four years ago.“We love Greg. He has been a light in the darkest moments for families,” Regnier told WLS.In a Facebook post, Aurora Mayor Richard C. Irvin said Zanis was a “giant among men.”“He was a man of action who simply wanted to honor the lives of others,” Irvin said. “His legacy shall forever be remembered in Aurora and around the globe.”Copyright © 2020, ABC Audio. All rights reserved.last_img read more

HERO Ranks Weber State #18 in Preseason Top 25

first_img Tags: FCS Playoffs/HERO Sports/Weber State Football FacebookTwitterLinkedInEmailOGDEN, Utah-On the heels of a record-setting 2017 season for the program, the Weber State Wildcats’ football program is gearing up for what many expect to be a highly successful 2018.The Wildcats find themselves ranked #18 nationally in the HERO sports’ Top 25 as released Wednesday.Weber State netted 23 points in HERO’s preseason poll and is slated to finish second in the Big Sky Conference this season with conference foe Eastern Washington coming in as the #4 team in the HERO polls.2017 was the best season in Wildcats football history as the squad finished with a school-record 11 wins, a share of the Big Sky Conference title, two FCS playoffs victories and a 5th place finish in last season’s polls. June 13, 2018 /Sports News – Local HERO Ranks Weber State #18 in Preseason Top 25 Brad James Written bylast_img read more

Former USU/NFL Tailback Macarthur Lane Dies At 77

first_imgIn 11 years in the NFL with the Cardinals (1968-1971), Green Bay Packers (1972-1974) and Kansas City Chiefs (1975-1978), he amassed 7,442 all-purpose yards and 37 total touchdowns. During his time at Utah State, the Aggies went 19-10-1, beating Utah three times and BYU on two other occasions. Lane is one of only four Aggies in school history to be drafted in the first round, joining defensive tackle Merlin Olsen (#3 overall to the Los Angeles Rams in 1962), quarterback Bill Munson (#7 overall to the Los Angeles Rams in 1964) and defensive tackle Phil Olsen (#4 overall to the Boston Patriots in 1970). During his junior and senior seasons, Lane had 171 carries for 1,182 yards and eight scores. Tags: Bill Munson/Green Bay Packers/Kansas City Chiefs/Macarthur Lane/Merlin Olsen/NFL/Phil Olsen/St. Louis Cardinals/Utah State In 1976, the versatile Lane led the NFL with 66 receptions. May 6, 2019 /Sports News – Local Former USU/NFL Tailback Macarthur Lane Dies At 77 FacebookTwitterLinkedInEmailLOGAN, Utah-This past Saturday, former Utah State and NFL tailback Macarthur Lane passed away at 77. Lane was a two-way star for the Aggies, playing linebacker and running back from 1965-1967. Lane was drafted 13th overall in the 1968 NFL/AFL Draft, selected by the St. Louis Cardinals. Lane posted four career 100-yard rushing games for the Aggies. In 1970, Lane had the best season of his career, rushing for 11 scores and earning a Pro Bowl selection. He averaged 6.9 yards per carry, ranking him third all-time in school history. Written by Brad Jameslast_img read more

ASA rejects complaints about property buying agency flyer

first_imgA flier circulated in Manchester by a national property buying agency designed to resemble a red and white Post Office ‘missed delivery’ card can be used again following two recently complaints from the public to the Advertising Standards Authority (ASA).The cards, which the complainants said they believed was not obviously identifiable as marketing material, were designed by Property Purchased Fast to copy some design elements of a Post Office missed delivery card.This included an apparently handwritten reference number and a request to contact a named contact and mobile number, as well as the words ‘Sorry we missed you’.After being contacted by the ASA, the company said the card was marked “sufficiently clearly” with their company name, a reference number and contact details, as well as text on the front that stated “We want to offer you a FREE valuation” and a list of services. The ASA concurred.“They believed these elements made the nature of Property Purchased Fast’s business and/or the purpose of the circular clear,” the ASA says.“We considered it could be taken to mean that a caller with a business purpose had been unable to obtain an answer, rather than that it had not been possible to deliver an item of post.”Other casesBut two other property firms in unrelated cases did have to remove adverts following an ASA probe this week. Estate agent Hazle and Co based in Emsworth, Hampshire agreed not to repeat claims made in its advertising that it was the “No.1” and “favourite” estate agent in the area. This followed a complaint from competitor Treaagust & Co.And in Glasgow an online ad for a student accommodation firm that offered to rent property “from two weeks” but in fact required a minimum stay period of four weeks, will also not be used again. The advert was placed by national student property portal the Unite Group.advertising standards authority April 5, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » ASA rejects complaints about property buying agency flyer previous nextRegulation & LawASA rejects complaints about property buying agency flyerCards put through letterboxes in Manchester designed to look like Post Office calling cards were not misleading, says watchdogNigel Lewis5th April 20170760 Viewslast_img read more

‘A terrific first start’

first_img COVID-19 vaccine candidate at Beth Israel prevents severe clinical disease in animals The vaccine technology could be used in vaccines against SARS-CoV-2 and beyond ‘Robust protection’ Skeptics’ refusal may be big hurdle to ending pandemic, returning to normal Related A public-relations campaign to build trust in COVID vaccine? Bloom:  There will still be lots of people who are not vaccinated in the first six months or year after vaccines are available, and they will have the capacity to transmit infection. And I would point out that vaccines are wonderful but they’re not perfect. You can overwhelm an immune response with a high level of virus or bacteria, so we will need to wear masks, we will need to be protective, even if we have vaccines, until a high proportion of people are immune.There are three worries that the public health community has now. The first is, can the country get the various vaccines to people and keep records on when they need boosters and any serious adverse effects? Another is, now that some vaccines appear to be effective, will people take them? A third is, if they take them, will they engage in risky behavior and not wear masks and feel they can congregate in bars all night, where even with the vaccine they may not be protected and be at some risk? Those are challenges for communications, for education, and for political advocacy, best done at the community level to persuade people to protect themselves and everyone else, with or without a vaccine, until everybody is protected, by carrying out the simplest of public health measures. Harvard T.H. Chan School of Public Health’s Barry Bloom, Joan L. and Julius H. Jacobson Research Professor of Public Health, offers context about the news that two experimental vaccines appear to confer a high level of protection from the coronavirus.Q&ABarry BloomChan School: Within the space of a week, we’ve heard about not one, but two potentially extremely effective coronavirus vaccines — one from Pfizer/BioNTech, reportedly 90 percent effective, and now one from Moderna, nearly 95 percent effective. How encouraged should we be about these preliminary results?Bloom: I think we have to be very grateful that we have two vaccines off the bat that look to be relatively safe, except for some minor short-term inconveniences — such as fevers and muscle pain, that you get from almost every vaccine — and have a much higher degree of protection than I think most experts would have predicted.There’s a lot of science still to be done. We don’t yet know how long the antibody responses last that correlate with protection. We know that the vaccines are producing an immune response against the [coronavirus’s] spike protein. But do we know that the key response is neutralizing antibodies — the type of antibodies that can stop infection? If that were the case, can we measure levels of neutralizing antibodies for every new vaccine and have a pretty good guess that they too will be 90 percent or 95 percent effective? In the case of the Moderna vaccine, there were 95 recipients of the placebo who got COVID disease, but there were five in the vaccine group. We’d love to know: Did those five fail to make neutralizing antibodies? Or did they make neutralizing antibodies, but not enough, or not efficiently enough?This is a terrific first start and we’re just going to have to follow along to see how long the immune responses that appear to be protective will endure in the vast majority of the population.Chan School: What do we know about the safety of these two vaccines?Bloom:  For safety, you really want to follow participants in trials for two years. We don’t have the luxury of doing that. We’re in the middle of a pandemic that’s killing people and hospitalizing people.We know that the most serious adverse effects that come from vaccines primarily occur within two months after the last shot. So the Food and Drug Administration will be looking at the people who were vaccinated and followed over two months after their last shot. The hope is that there will not be any serious adverse effects. If that’s the case, I think we can be pretty confident that the vaccines are safe. But ideally the vaccine recipients should be followed up for rare adverse effects for two years in post-licensure surveillance.Chan School: Should people keep taking public health precautions even when vaccines become widely available? Putting a crown on OMNIVAXlast_img read more

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