De La Rue: No to French bid

first_img Show Comments ▼ De La Rue: No to French bid KCS-content whatsapp BANKNOTE printer De La Rue has rejected a £900m takeover approach made last month from French rival Oberthur Technologies.De La Rue, which has been investigating suspected wrongdoing by some staff over production irregularities, said the proposal – pitched at 905p – a 43 per cent premium to De La Rue’s closing share price on 10 November failed to reflect the true value of the company.“Consequently the board was unanimous in rejecting this opportunistic approach,” De La Rue said in a statement released late yesterday.Oberthur brought its 10 November offer out in the open yesterday with a statement aimed at putting pressure on De La Rue to engage in talks. The group, which is run by chairman Jean-Pierre Savare and Thomas Savare, its chief executive, called on the board to enter into “substantive discussions”.Oberthur Technologies prints banknotes and makes card systems and cash and identity protection technology. Oberthur said it didn’t believe De La Rue’s results backed the claim that its approach undervalued the business.De La Rue is thought to be open to a sale – but at a much higher price than the French are offering. It is believed that it might consider an offer of around £10.00 a share, or about £1bn, – its share price before the production problems came to light.De La Rue’a shares have fallen nearly 40 per cent since March over paper production irregularities earlier this year. De La Rue shares soared 30 per cent yesterday to 841p.MICHAEL WENTWORTH-STANLEY JP MORGAN CAZENOVEMICHAEL?Wentworth-Stanley at JP Morgan Cazenove is De La Rue’s broker and Crispin Wright at Rothschild is the company’s financial adviser.Wentworth-Stanley, 58, has been managing director at JP Morgan Cazenove since 2005. He began his career as a chartered accountant in 1974, joined Cazenove & Co in 1975 and was a partner at the firm between 1982 and 2001 before becoming the managing director of Cazenove & Co in 2001 until 2005. He also did a spell at Cazenove between 1981 and 1983.Wright led a Rothschild team that helped the former brewer and pub group Wolverhampton & Dudley Breweries, now known as Marston’s, fend off a hostile bid from rival pub group Pubmaster. He also advised Arriva on the bus and train group’s sale to German state railway Deutsche Bahn.Wright has also advised airport operator BAA and is understood to have been involved in helping General Electric buy a quarter stake in Turkish bank Garanpi, and in selling IT services company Sema to Schlumberger for $2.5bn.He was also involved in advising P&O?on the £3.5bn sale of the group to Dubai Ports. 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 PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald whatsapp Monday 6 December 2010 8:53 pm Share Tags: NULLlast_img read more

BP faces legal action over Rosneft deal

first_img BP faces legal action over Rosneft deal whatsapp Share Show Comments ▼ KCS-content Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCheese Crostini: Delicious Recipes Worth CookingFamily Proof whatsapp RUSSIAN billionaires involved in BP’s Russian venture TNK-BP yesterday took legal action to block BP’s $16bn (£10bn) share-swap with Russia’s state-owned oil group Rosneft. The four partners in TNK-BP, who operate through a group named Alfa-Access-Renova, claim that BP’s deal with Rosneft might breach earlier agreements that give TNK first refusal on any BP activity in Russia. The injunction request in the High Court echoes earlier flare-ups between BP and its Russian investors, which led to chief executive Bob Dudley fleeing the country after his visa was not renewed in 2008.BP is expected to fight the injunction at a hearing scheduled for 1 February. The UK oil major said: “We are not in breach of the shareholder agreement. We have kept – and will keep – AAR informed of the situation.”Spokespeople for AAR and TNK-BP both declined to comment when contacted by City A.M. Dudley said at the World Economic Forum in Davos yesterday that BP will abide by all agreements with Russian partners. Igor Sechin, chairman of Rosneft and Russian’s Deputy Prime Minister, also played down the lawsuit, calling it a misunderstanding. Elsewhere in Davos, US oil major ExxonMobil announced its $1bn (£628m) investment alongside Rosneft to explore the Black Sea region in a deepwater joint venture yesterday. ExxonMobil chief executive Rex Tillerson said he expected the joint venture to be split 50/50 at the exploration stage then 66/33 in favour of Rosneft at the development stage.BP chairman Carl-Henric Svanberg, also at Davos, added: “We are being asked what has changed in Russia, why now all these deals are being signed. The regulations in the Russian oil and gas sector have changed considerably, offshore projects have been given preferences, normal conditions have been created.” Thursday 27 January 2011 8:59 pm Tags: NULLlast_img read more

Stock market crash: I’d buy these top FTSE 100 dividend shares to get rich and retire early

first_img Our 6 ‘Best Buys Now’ Shares I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Harvey Jones has no position in any of the shares mentioned. The Motley Fool UK has recommended Pennon Group. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! The stock market crash has demonstrated the value of holding defensive FTSE 100 dividend stocks in your portfolio, alongside those whizzy growth shares you love. Some investors turn their noses up at the big utilities, but they shouldn’t.They’ve kept paying dividends despite the stock market crash, while others have fallen by the wayside. They’ll rarely head the FTSE 100 leaderboard, but should deliver the long-term income you need to fund a comfortable retirement. You can take it tax-free inside a Stocks and Shares ISA.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…The big attraction with utilities is that people still need gas, electricity and water, even in the middle of a pandemic. While business demand fell, home usage shot up as a locked-down nation had to light and heat their homes, and power their laptops and TVs. Another big attraction is that revenues are regulated, making them more reliable.Heroes of the stock market crashThe utilities also fell during the crash, of course. The damage was relatively minimal, but this does offer investors a buying opportunity.The National Grid share price is down 18%, measured over six months, which looks like a tempting entry point for me. Especially since the yield now stands at a sizzling 5.73%.The National Grid share price trades at just over 15 times earnings, pretty much where it always stands. I’d buy it, whatever the economic weather.The stock market crash has largely washed over water utility Pennon Group. It is actually up 40% measured over 12 months, which shows that utilities can offer capital growth too. It trades at just over 16 times earnings which, again, isn’t too pricey. In return, you get a yield of 4.37%.Another water company, United Utilities Group, has recovered strongly but trades 14% lower than six months ago. The stock looks a relative bargain after the market crash, at 13.23 times earnings, while yielding 5.16%. In May, United Utilities actually increased its final dividend, although it’s reviewing its dividend policy after incurring £56m of Covid-19-related costs. This contributed to a £5m decline in annual operating profits.FTSE 100 dividends galoreUtilities aren’t completely immune to current issues. For example, the recession is likely to lead to a rise in unpaid customer bills. Water and waste company Severn Trent has warned of Covid-19’s impact, with falling business consumption and rising bad debts. It still managed to increase its final dividend despite the stock market crash, in line with its policy of increasing its payout by at least retail price inflation plus 4%. It trades at just over 16 times earnings and yields 4.31%.Power giant SSE has been one of the FTSE 100’s top dividend stocks for years. It still plans to declare a dividend in November, despite a predicted £150m-£250m hit from Covid-19, and the £7.5bn cost of investing in low-carbon projects over five years. SSE yields 6.31% although cover is thin at 0.9. It trades at around 15 times earnings.None of these stocks look expensive after the market crash. All offer generous yields. Hold for the long term, and they could help you get rich and retire early. Simply click below to discover how you can take advantage of this. “This Stock Could Be Like Buying Amazon in 1997” Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee.center_img I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Image source: Getty Images Harvey Jones | Friday, 28th August, 2020 Enter Your Email Address Stock market crash: I’d buy these top FTSE 100 dividend shares to get rich and retire early See all posts by Harvey Joneslast_img read more

House in Salineiras / RVdM Arquitectos

first_img Portugal 2013 Area:  135 m² Area:  135 m² Year Completion year of this architecture project Photographs House in Salineiras / RVdM ArquitectosSave this projectSaveHouse in Salineiras / RVdM Arquitectos Photographs:  Courtesy of RVdM Save this picture!Courtesy of RVdMRecommended ProductsDoorspanoramah!®ah! PivotDoorsSky-FrameInsulated Sliding Doors – Sky-Frame ArcDoorsStudcoAccess Panels – AccessDorDoorsLibartVertical Retracting Doors – Panora ViewText description provided by the architects. Four by ten meters – the dimension of the plot. In a narrow plot, on the Beira-mar district, in Salineiras Street, the house had to face north.Save this picture!SectionTaking advantage of other projects experience in which we chose to put the social floor on the upper one, the exercise here went further, exploring the possibility of an all purpose room. It had to be, simultaneously, a living space, a kitchen and an office.To afford this, the project compressesthe twofloorsbelow to theminimum legal – with two bedrooms and a bathroom and expands the upper floor to the ceiling to containall the social spaces.Save this picture!Courtesy of RVdMThis ‘all in one’ floor proposesa “mezzanine” with a desk space and abookcase, acting like an office. In the same room, below, we used thetwo sidesto organizethe kitchen facing north, and the living room facing south.Save this picture!Floor PlanThe first floor, confronting the street, has a garageentrance and storage.Save this picture!Courtesy of RVdMProject gallerySee allShow lessChicago’s New Apple Store Is Inspired by Frank Lloyd Wright’s Prairie HomesArchitecture NewsLibeskind Unveils Design for New Lithuanian Modern Art CenterArchitecture News Share ShareFacebookTwitterPinterestWhatsappMailOr Clipboard Save this picture!Courtesy of RVdM+ 15 Share “COPY” CopyHouses•Aveiro, Portugal Architects: RVdM Arquitectos Area Area of this architecture project Year:  Year:  House in Salineiras / RVdM Arquitectos Houses Projects CopyAbout this officeRVdM ArquitectosOfficeFollowProductsSteelConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesAveiroPortugalPublished on November 24, 2015Cite: “House in Salineiras / RVdM Arquitectos” 24 Nov 2015. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogLouvers / ShuttersTechnowoodSunshade SystemsCompositesMitrexPhotovoltaic Solar Cladding – BIPV CladdingMetal PanelsAurubisCopper Alloy: Nordic BronzeBathroomsGeberitBathroom Series – ONESkylightsLAMILUXGlass Skylight F100 CircularMetal PanelsTrimoQbiss One in Equinix Data CentreSignage / Display SystemsGoppionDisplay Case – Q-ClassAluminium CompositesAmerican MetalcraftAluminum Panels – Decorative Fencing for BridgesPanels / Prefabricated AssembliesULMA Architectural SolutionsWater Facade PanelDoorsLinvisibileLinvisibile Concealed Sliding Door | MareaWall / Ceiling LightsiGuzziniExterior Light – WalkyWoodPlycoWood Boards – Birch LaserplyMore products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream ArchDaily “COPY” ShareFacebookTwitterPinterestWhatsappMailOr Clipboard 2013last_img read more

Effective Church Finances: FundRaising and Budgeting for Church Leaders: Fund-Raising and Budgeting for Church Leaders

first_img Howard Lake | 26 October 2007 | News About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of Researching massive growth in giving. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Effective Church Finances: FundRaising and Budgeting for Church Leaders: Fund-Raising and Budgeting for Church Leaders  10 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThislast_img read more

Two newspaper journalists freed on bail

first_img News Follow the news on Iran IranMiddle East – North Africa Organisation After Hengameh Shahidi’s pardon, RSF asks Supreme Leader to free all imprisoned journalists to go further News News Receive email alerts Call for Iranian New Year pardons for Iran’s 21 imprisoned journalists IranMiddle East – North Africa center_img June 9, 2021 Find out more RSF_en Iran: Press freedom violations recounted in real time January 2020 News March 18, 2021 Find out more June 13, 2006 – Updated on January 20, 2016 Two newspaper journalists freed on bail Help by sharing this information Mohessen Dorstkary, the editor of the weekly Tamadone Hormozgan, and Elham Afrotan, one of its journalists, have been released after paying bail of 30 million toman (30,000 euros). Dorstkary was freed on 7 June, while Afrotan was freed yesterday. No date has yet been set for the verdict and sentencing in their trial.————————————————————————–31.01.2006 Seven provincial journalists arrested for insulting Ayatollah KhomeiniReporters Without Borders today condemned the imprisonment of Elham Afrotan and six other journalists employed by the provincial weekly Tamadone Hormozgan, who were arrested on 29 January for “insulting Ayatollah Khomeini, the founder of the Islamic Republic” and who face heavy prison sentences if not the death penalty.“We call for the immediate release of these seven journalists and the dismissal of all charges against them,” the press freedom organisation said. “It is regrettable and disturbing for press freedom that the media have been taken hostage by politics and clan rivalry and that journalists risk the death penalty for what they put in a newspaper.”Misled by the headline of an article on a website dedicated to combatting AIDS, the staff at Tamadone Hormozgan reproduced it in the newspaper’s health section. It turned out to be a satirical piece comparing the advent of Ayatollah Khomeini to AIDS.The journalists were arrested in the southern city of Bandar Abbas, where the newspaper is based, as soon as the issue appeared on the streets. Pro-government media, governmental organisations and Koranic schools reacted by staging demonstrations that ended with the newspaper’s offices being ransacked and torched.The newspaper’s editor, Ali Dirbaz, who is also parliamentary representative for Bandar Abbas, was questioned by the Tehran prosecutor’s office and then freed on bail.The day all this took place happened to be another journalist’s 47th birthday and his 148th day in solitary confinement in a special wing of Tehran’s Evin prison. The conditions in which Akbar Ganji is being held are deplorable and contrary to all international human rights treaties, and his ill health has been aggravated by a lack of treatment.Ganji’s wife, Massoumeh Shaffi, has written many letters to the judicial authorities ever since he was put in solitary confinement, but they have not responded. Reached by telephone, she told Reporters Without Borders that officials at the Tehran prosecutor’s office have forbidden her to give any interviews or inform the press about her husband’s release, which is due to take place at the start of the Iranian New Year in 50 days’ time. February 25, 2021 Find out morelast_img read more

TV station faces possible closure for 90 days

first_img Two months before Assange’s extradition hearing, RSF calls for his release on humanitarian grounds and for US Espionage Act charges to be dropped News Coronavirus “information heroes” – journalism that saves lives Follow the news on Ecuador The privately-owned national TV station Teleamazonas has just been told it is being fined 40 dollars for “broadcasting unverified information.” The notification comes just a few weeks after it was fined 20 dollars on 3 June for “broadcasting a bullfight outside permitted viewing times.” The station, which is owned by banker Fidel Egas, could be shut down for 90 days if it receives a third sanction for a similar reason.President Rafael Correa, who takes over the rotating presidency of the Union of South American Nations (UNASUR) next month, has meanwhile proposed the creation of a UNASUR body to defend citizens and governments against press abuses. News to go further EcuadorAmericas Organisation News June 26, 2009 – Updated on January 20, 2016 TV station faces possible closure for 90 days ———————-12.06.2009 – TV station in open conflict with president could be stripped of its frequencyReporters Without Borders urges the government and National Council for Radio and Television (Conartel) to withdraw the latest administrative proceedings against the privately-owned national TV station Teleamazonas, which could force it off the air. The offensive comes amid a war of nerves between the station and President Rafael Correa, who has said he wants to “put an end” to news media he regards as “corrupt” and “mediocre.”“President Correa has had to face very harsh criticism from the privately-owned media since he first took office, but his desire to punish them for this violates the very principle of press freedom,” Reporters Without Borders said. “This is the unfortunate backdrop to the three proceedings brought against Teleamazonas.”The press freedom organisation added: “If the final objective is to withdraw the station’s broadcast frequency, it will in no way solve the problem of ‘false information’ decried by the president, and will never eliminate the criticism, fair or unfair, to which all governments are exposed. It could even fuel more radical polarisation beyond the reach of the media’s filtering.”The latest administrative proceedings against Teleamazonas got the green light from Conartel chairman Antonio García on 9 June. The station has already been punished once, but this time it could be silenced for good.The proceedings are in response to a recent Teleamazonas report about the environmental consequences of a project by the Venezuelan oil company PDVSA in the southwestern Gulf of Guayaquil. The issue was already raised by the daily El Universo, which is also in the president’s sights. Teleamazonas has said it will refer the case to the Inter-American Court of Human Rights.The first case brought by Conartel against Teleamazonas, for broadcasting a bullfight at a peak viewing time, resulted in the imposition of a modest fine of 20 dollars in April. The station’s appeal was rejected on 3 June.A second case was brought against the station in May because it reported the existence of a “clandestine” vote-counting centre and the possibility of fraud after the 26 April general elections. In this case, it faces the possibility of a three-month suspension under a provision of the radio and TV broadcasting law that punishes “reports based on presumption, liable to cause harm or to cause social or public disorder.”The situation is all the more delicate as an independent report by experts that was submitted to President Correa on 18 May accuses Conartel of serious irregularities in the allocation of broadcast frequencies, to the detriment of community media.Correa, who takes over the rotating presidency of the Union of South American Nations (UNASUR) in July, has meanwhile proposed the creation of a UNASUR body to defend citizens and governments against press abuses. Although the proposal has little chance of being approved, it has been backed by Venezuelan President Hugo Chávez, who is himself trying to silence the privately-owned Venezuelan TV station Globovisión News December 24, 2019 Find out more Receive email alerts June 15, 2020 Find out more Coronavirus: State measures must not allow surveillance of journalists and their sources April 10, 2020 Find out more RSF_en Help by sharing this information EcuadorAmericas last_img read more

Strolling through history along Kilmallock’s West Wall

first_imgLocal backlash over Aer Lingus threat Cathaoirleach of the Cappamore-Kilmallock Municipal District Cllr Eddie Ryan and Minister of State at the Department of Finance and Public Expenditure and Reform Patrick O’Donovan TD who performed the official openings of The West Wall Walkway and The New Footbridge in Kilmallock.Pic: Don MoloneyPARTS of the historic town wall in Kilmallock are visible again for the first time in generations following the completion of the town’s West Wall Walkway project.The conservation of more than 500 metres of the town’s mediaeval defences will allow public access to a section of the wall that had been on private property.Sign up for the weekly Limerick Post newsletter Sign Up Kilmallock was an important Norman settlement and was at the centre of Ireland’s political development from the 13th through to the 17th centuries. That rich history is evident through the rich architectural heritage and national monuments around the town.The original circuit of the town’s defences was 1,700 metres and of this, about 1,200 metres remains standing.In addition, there are a further four local monuments in State ownership, King’s Castle (15th century) which stands astride the main street, The Stone Mansion (16th century), The Collegiate Church (13th century, with an earlier round tower) and the Dominican Priory (late 13th century).What makes this project unique is that visitors to the West Wall Walkway will see the same landscape as existed centuries ago, as Kilmallock never really expanded outside its original walled boundary.A new pedestrian bridge has also been opened downstream from the existing road bridge on the Limerick Road close to the Fire Station. 28 metres in length with a two-metre wide hardwood timber deck, it provides a crossing point for pedestrians over the River Loobagh and a safe passage to the recently developed Riverside Walk.The bridge and the walkway are part of a larger plan by Limerick City and County Council to provide a series of linked walks in and around Kilmallock. The town is ideally situated in the heart of Ballyhoura Country and a hugely attractive destination for heritage tourism.The overall costs of the West Wall Walkway and the Footbridge amounted to almost €900,000, with funding from the Department of Culture, Heritage and the Gaeltacht, the Irish Walled Towns Network, Rural Economic Development Zone, Hinterland, and Limerick City and County Council own funds.Cathaoirleach of the Cappamore-Kilmallock Municipal District Cllr Eddie Ryan said that the official opening of the West Wall Walkway would make Kilmallock’s rich heritage more accessible to the public.“The West Wall Walkway is set to become a new thoroughfare for Kilmallock, providing a wonderful amenity to residents and visitors alike.”“The people of Kilmallock value their heritage and know that it makes the town unique, beautiful and magical and the town wall is central to that vision.”Minister of State and local TD Patrick O’Donovan TD said that over the past number of years, there had been “a massive metamorphosis in Kilmallock, with a huge amount of projects finished or nearing completion.“The ideas have come from the bottom up and facilitated by the government. There has been a new fire station, courthouse, library, new primary and secondary schools, sewerage treatment plant and now a new pedestrian bridge and a new walkway by the wall.”“There is more to be done such as with the medieval mansion in the town. I know the contribution that building can make into the future, as much as it made in the past.“Over the last number of years we have been developing a rural strategy for our towns and villages and it is out of that that some funding will be secured for projects in Kilmallock,” he said.Limerick City and County Council Area Manager Sean Coughlan added: “It is a great source of pride to see the completion of the bridge, the walkway and the restoration of the West Wall.“And there is a pipeline of other projects for Kilmallock, such as the Stone Mansion and the East Wall,” he added.“The projects show the important engagement that goes on between Limerick City and County Council, Kilmallock Tourism, the local community and the local development company Ballyhoura, to bring these ideas to fruition.”He paid tribute to council architect Sarah McCutcheon, “whose passion and drive to have the walls of Kilmallock preserved for generations to come has almost singlehandedly guaranteed the completion of the project.”by Tom [email protected] Linkedin TAGSKilmallockLimerick City and Countylocal newsNews Twitter TechPost | Episode 9 | Pay with Google, WAZE – the new Google Maps? and Speak don’t Type! WhatsApp Facebook Advertisement Limerick on Covid watch list center_img Shannon Airport braced for a devastating blow Email NewsLocal NewsStrolling through history along Kilmallock’s West WallBy Staff Reporter – October 15, 2018 1690 Housing 37 Compulsory Purchase Orders issued as council takes action on derelict sites Is Aer Lingus taking flight from Shannon? Print Previous articleSinging their hearts out for Limerick’s homeless familiesNext articleFrom Meelick to Morocco for Irish FootGolfer Staff Reporter RELATED ARTICLESMORE FROM AUTHORlast_img read more

DS News Webcast: Friday 5/16/2014

first_img  Print This Post DS News Webcast: Friday 5/16/2014 The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago 2014-05-16 DSNews Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Sign up for DS News Daily Is Rise in Forbearance Volume Cause for Concern? 2 days ago Previous: Mortgage Rates Decline for Third Straight Week Next: LRES Promotes New VP of Valuations Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days agocenter_img The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago in Featured, Media, Webcasts Servicers Navigate the Post-Pandemic World 2 days ago About Author: DSNews Subscribe May 16, 2014 535 Views Related Articles Demand Propels Home Prices Upward 2 days ago Home / Featured / DS News Webcast: Friday 5/16/2014last_img read more

[Automatic Vacation Of Interim Orders] Is Article 226(3) Directory or Mandatory? Gauhati HC Refers Issue To Larger Bench [Read Judgment]

first_imgNews Updates[Automatic Vacation Of Interim Orders] Is Article 226(3) Directory or Mandatory? Gauhati HC Refers Issue To Larger Bench [Read Judgment] Ashok Kini28 Jun 2020 2:13 AMShare This – x”This provision hits at the very heart of the inherent and discretionary power of the Court to grant appropriate relief in exercise of judicial review, if this provision is to be considered to be mandatory in nature.”A division bench of the Gauhati High Court has opined that the Clause (3) of Article 226(3) which deals with automatic vacation of interim orders, is directory. As an earlier division bench judgment had held that the provision is mandatory, the division bench comprising of Justices N. Kotiswar Singh and S. Hukato Swo referred the issue to a larger bench.Background In this case,…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?LoginA division bench of the Gauhati High Court has opined that the Clause (3) of Article 226(3) which deals with automatic vacation of interim orders, is directory. As an earlier division bench judgment had held that the provision is mandatory, the division bench comprising of Justices N. Kotiswar Singh and S. Hukato Swo referred the issue to a larger bench.Background In this case, an interim order was passed by a single bench in a writ petition. The respondents filed a petition seeking vacation of interim order. Before the Single Bench, it was contended that, the application for vacating of stay orders was served on the Counsel for the writ petitioners on 21.01.2020 and as such, 2 weeks would have expired on 04.02.2020, and since the application was not disposed of within 04.02.2020, that is, within 2 weeks of furnishing of the application for vacating the stay orders, by virtue of the provision under Article 226(3), the said interim orders passed by the Court would stand automatically vacated. This plea was dismissed by the Single Bench. Assailing this order of the single bench, and also seeking to vacate the interim orders, the respondents approached the Division Bench filing an intra court appeal. One of the legal issues that arose for the consideration of the Division Bench was whether the Clause (3) of Article 226 is directory or mandatory. Article 226(3)Article 226(3) provides that when a party makes an application to the High Court for the vacation of an interim order (which was passed ex parte) and furnishes a copy of such application to the party in whose favour such order has been made or the counsel of such party, the High Court shall dispose of the application within a period of two weeks from the date on which it is received or from the date on which the copy of such application is so furnished, whichever is later, or where the High Court is closed on the last day of that period, before the expiry of the next day afterwards on which the High Court is open; and if the application is not so disposed of, the interim order shall, on the expiry of that period, or, as the case may be, the expiry of the said next day, stand vacated.Many HCs Have Held That Article 226(3) Is Mandatory At the outset, the bench noted that there is an early decision of the Gauhati High Court itself in South East Bus Association and Ors. Vs. The State of Assam, that the provision is mandatory. The Bench also observed that the High Courts of Rajasthan, Calcutta, Kerala, Gujarat, Allahabad have taken the similar view that if the Court does not dispose of the application for vacating the interim order within 2 weeks of the furnishing a copy of the application for vacation to the party in whose favour the earlier interim order was passed, the said interim order will stand vacated automatically. It also referred to a Madras High Court judgment in T. Gnanasambanthan (Dr.) v. Board of Governors, in which a contrary view was taken. It was observed therein that, if the application could not be disposed of by the court within 2 weeks because of reasons attributable to the Court, no party should be made to suffer and hence there would not be an automatic vacation of the interim order. The bench said that it is inclined to subscribe to this view taken by the Madras High Court. The bench said: “If this wide discretionary power of the High Court to reach injustice wherever it is found, is curtailed by imposing an inflexible procedural provision under Article 226(3) that the High Court has to dispose of an application within 2 weeks, otherwise the interim order passed by it will automatically get vacated, it flies in the face of the wide discretionary power of the High Court to grant appropriate relief to reach injustice wherever it is found. It amounts to putting a procedural restriction on a wide discretionary power and thus negates the very essence of discretionary power given to the High Court…….The power to grant interim relief is inherent in the High Court which has the jurisdiction and authority to finally determine the lis and rights of the parties and grant appropriate final order. This discretion to pass appropriate interim order for such period as the Court may deem fit is an inalienable part of the inherent power of the Court which in our opinion could not be curtailed by a processual provision. This provision, thus, hits at the very heart of the inherent and discretionary power of the Court to grant appropriate relief in exercise of judicial review, if this provision is to be considered to be mandatory in nature. However, if it is read to be directory in nature, this limitation on the power of the Court can be reconciled and harmonised.” Observing thus, the bench concluded that even though there are facets of law which support the view that Clause (3) of Article 226 of the Constitution of India is mandatory in nature, there are more overwhelming attributes to show that this provision is directory in nature. Since there is a contrary earlier view taken by the High Court, the bench directed the Registrar to place this matter before the Chief Justice. However, in facts of the case, the bench dismissed the appeal holding that the single judge was right in holding that a copy of the application was served upon the respondents on 31.01.2020 and not 21.01.2020, and thus there would not be vacation of interim order by default, in any case. Case no.: WRIT APPEAL 3(K) OF 2020Case name: Rukuvoto Ringa vs. MeyalemlaCoram: Justices N. Kotiswar Singh and S. Hukato Swo Counsel: Sr. Adv R. Iralu, Adv Z. Zhimomi and State Counsel N. MozhuiClick here to Read/Download JudgmentSubscribe to LiveLaw and help us provide quality journalism. Click here to subscribeRead JudgmentNext Storylast_img read more