Category: zuwubietjlke

REH to offload German wind farms

first_img John Dunne REH to offload German wind farms whatsapp whatsapp Britain’s Renewable Energy Holdings (REH) will sell its German wind farms for just under 40m euros ($54m) to pay off debts and pump more money into Polish and Welsh projects.The news sent shares in REH, which have slumped 64 percent this year, up almost TEN percent to 9.75 pence at 0816 GMT.Windpark Kesfled and Windpark Kirf will be sold to Allianz Renewable Energy, pending approval from shareholders, REH said in a statement, after they failed to reach windspeeds originally projected when they were bought by REH.“The board believes the company’s development projects, being the Kobylany Wind Farm Project in Poland and Mynnydd y Gwynt in Wales, should be the main focus of REH’s activity going forward, due to the potentially superior economic returns they could provide,” REH said. Show Comments ▼ Share Monday 6 September 2010 3:57 am 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 Tags: NULLlast_img read more

CT legislators submit betting and igaming bill

first_img Topics: Land-based casino Tags: Ned Lamont 14th January 2021 | By Daniel O’Boyle A group of Connecticut legislators have put forward a proposal to legalise betting and igaming in the state, following Governor Ned Lamont’s support for legalisation. Read the full story on iGB North America. Land-based casino Subscribe to the iGaming newsletter It has been referred to the legislature’s Joint Committee on Public Safety and Security.center_img Senate Bill 146 would allow the two Native American tribes that currently operate casinos in the state – the Mashantucket Pequot Tribe and the Mohegan Tribe of Indians of Connecticut – to offer sports betting at their venues and online, as well as permitting the state lottery to offer online ticket sales and keno. Regions: US Connecticut The bill – Senate Bill 146 or “An Act Authorizing Sports Wagering, Internet Gaming, Internet Lottery And Internet Keno” – was sponsored by 17 legislators across both major parties and both houses of the legislature. CT legislators submit betting and igaming bill AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresslast_img read more

Why I’m buying Sirius Minerals even after its share price rose 57%

first_img 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. Image source: Getty Images. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Manika Premsingh owns shares of Sirius Minerals. The Motley Fool UK has no position in any of the shares mentioned. 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. “This Stock Could Be Like Buying Amazon in 1997” Simply click below to discover how you can take advantage of this. 2020 has started on a good note for the challenged polyhalite mining project Sirius Minerals (LSE:SXX), with FTSE 100 multi-commodity mining giant Anglo American making a move to acquire it. I have been positive on SXX for some time now, and less than a month ago, had written how it could turn around in 2020. Ten days into the year, and the stock price has soared by over 57%. So, what should the investor do now? Dissecting the offer I’d start by looking at the not-yet-firm offer closely. AAL is potentially offering 5.5p a share, a level SXX hadn’t seen since mid-September when it announced its strategic review following two failed fundraising attempts. In a press release, Sirius Minerals acknowledged that the price on offer is at a premium compared to the levels seen since. 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…Given that SXX sounds positive on the proposed offer price, I believe it’s likely that the deal could go through, at the very least at the current offered price. This is particularly because of the deadline looming in front of Sirius. The company runs out of cash in March, and it needs to secure funding before that time to continue operations. I think it might be too much of a gamble to consider other options, like another round of fundraising, when there’s already an investing option on the table. There might be other bidders in the wings that we don’t know about yet, but that’s all just speculation. Next investing steps If you, like me, had managed to buy the share when it was at its really low levels late last year, the offer is a good one and you are sitting on appreciable capital gains now. It’s likely that many investors aren’t feeling quite as optimistic about SXX’s long-term prospects yet and are in fact still nursing losses from investing in the share. The average share price for SXX since it was first listed in 2005 is 13.35p. This means, that on average, an investor holding the shares is at least 58% worse off with the level of the present offer.  As tempting as it might be to throw in the towel, I would encourage holding tight if you are in this latter category of investors. Anglo has made an initial bid, and as is often the case in negotiations, it’s entirely possible that Sirius Minerals could end up with a higher final price even with its limitations. And I can’t see why the stock price would decline materially from here, barring a broader market fall. It’s best to wait until the first week of February, by which time a formal proposal is expected to come through and then take a call.  For me personally, I am only encouraged to buy more of SXX’s shares for three main reasons: 1) I believe it’s very unlikely to go bust now, 2) because of its long-term potential to be game-changing for the fertiliser industry, and 3) the fact that its revenue pipeline is building up slowly but surely. As I mentioned earlier, I originally bought at very low levels, so this is a risk worth taking I believe. There are less risky FTSE 100 options to consider but that SXX can provide higher return for higher risk over the long-term is worth bearing in mind. Manika Premsingh | Friday, 10th January, 2020 | More on: SXX center_img Why I’m buying Sirius Minerals even after its share price rose 57%  Our 6 ‘Best Buys Now’ Shares 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. 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. Enter Your Email Address See all posts by Manika Premsinghlast_img read more

Woodford Equity shareholders get first payout: here’s what you need to know

first_img Enter Your Email Address 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. Woodford Equity Income Fund shareholders found out on Tuesday how much cash they’ll receive in the first payout since the fund’s suspension. Unfortunately, the news wasn’t good.According to a letter published by fund administrator Link Asset Services, Equity Income Fund shareholders will receive between 46.4p and 59.0p per share, depending on which class of share they hold.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…This payout is expected “on or around 30 January 2020.” Further payments should follow but, as I’ll explain, shareholders seem likely to face significant losses.Big losses likelyFor shareholders holding accumulation units — where dividends are automatically reinvested — January’s payout will be between 56.5p and 59.0p per share.Link says the value of the Equity Income accumulation units fell by 14.9% between 3 June 2019 (when the fund was suspended) and 8 January. This compares to a gain of 9.4% for the FTSE All Share Total Return index over the same period.You might have expected a better performance than this, given the wider market has performed well over the last three months. However, the fund’s illiquid investments seem to be holding back its performance.Although the FTSE All Share Total Return index has risen by 6.2% since 15 October, the Equity Income Fund has only risen by 1.2% over the same period. Link says that this is due to “the revaluation and disposal” of “certain unquoted assets in Portfolio B.”Illiquid holdings are a worryWhen the fund went into liquidation, it was split into two portfolios, A and B. Portfolio B refers to the illiquid holdings from the Equity Income Fund. Portfolio A contained more easily sold stocks, such as shareholdings in FTSE 350 companies. These represented about three-quarters of the fund.This month’s payout represents the liquidation of 90% of Portfolio A, which Link says has realised £1.9bn. The liquidation of Portfolio B is taking longer and is expected to prove much more difficult.Link Asset Services has appointed specialist firm Park Hill “to explore opportunities for the sale of assets” in Portfolio B. But, so far, there’s been no update on progress.I expect these illiquid holdings will be very difficult to sell without heavy discounting. Unfortunately, I think payouts from Portfolio B will be small and slow to arrive.How to avoid the next WoodfordIt’s no secret that one of the biggest problems with the Equity Income Fund was that it contained too many illiquid holdings. Most of these were early-stage growth stocks that didn’t pay dividends.Woodford drifted away from his core style. If he’d stayed true to his historical focus on FTSE 350 income stocks, I think his funds would still be trading and their performance would be improving.This is a timely reminder of the importance of US billionaire Warren Buffett’s rule that investors should stay inside their circle of competence. Don’t invest in things you don’t understand.Investors in stock market funds shouldn’t need to understand every company in which their fund is invested. But it’s important to keep an eye on the type of company that’s being bought and look for any changes.If a fund you own has started to buy different types of companies, ask why. You pay the fund manager’s wages, after all. You’re entitled to an explanation. Roland Head | Wednesday, 29th January, 2020 Our 6 ‘Best Buys Now’ Shares Simply click below to discover how you can take advantage of this. Roland Head has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. 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.center_img 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. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! “This Stock Could Be Like Buying Amazon in 1997” Woodford Equity shareholders get first payout: here’s what you need to know 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. See all posts by Roland Headlast_img read more

Artist’s Studio in Stepney in London / Martin Edwards Architects

first_img Artist’s Studio in Stepney in London / Martin Edwards Architects ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/954911/artists-studio-in-stepney-in-london-martin-edwards-architects Clipboard “COPY” Photographs:  Simon Carruthers, Max CreasyStructural Engineer:ConisbeeCost Consultant:GQS ServicesMain Contractor:Adam Lloyd ConstructionCity:LondonCountry:United KingdomMore SpecsLess SpecsSave this picture!© Max CreasyRecommended ProductsFastenersSchöckRainscreen Cladding Facade Fasteners – Isolink®WindowsSolarluxSliding Window – CeroEnclosures / Double Skin FacadesIsland Exterior FabricatorsCurtain Wall Facade SystemsWindowsLibartVertical Retracting Doors & WindowsText description provided by the architects. A former public house situated within an east London conservation area, the building is thought to date from the late 1810s with later alterations, and originally formed the end of a Georgian terrace. The area was extensively damaged during WW2, including the substantial loss of the terrace and the original upper floor of the pub. What remained of the adjoining houses were demolished and renewed post-war, but the lower two storeys of the pub were repaired and continued to operate until the mid-1990s, when it was sold and subsequently converted to a dwelling.Save this picture!© Max CreasyWe were asked by the artist owner to remodel the existing building and add a new studio in the position of the original upper floor level, to provide space for working in various different media. The new studio has been formed as a single open space occupying the full footprint of the main house, using a highly insulated timber framed construction, to reduce the imposed loads on the original structure and improve thermal performance.Save this picture!© Max CreasyA number of roof form and daylighting studies were undertaken during the initial design stage. The resulting double pitch roof is aligned east-west with a large central northlight. The externals walls rise to a parapet, and the hidden roof geometry defines a small void within the rear elevation. Large sliding glass door leading to a small enclosed terrace with an opening in the corner, positioned to offer privacy whilst partially revealing the subtracted space. New casement windows to the principal elevation, aligned with the first floor windows, provide views towards the adjacent trees. Internally the timber roof structure of the new studio is exposed, with a single steel beam supporting the roof valley. A chain hoist is suspended from the beam to lift materials though new trap doors from ground level.Save this picture!DiagramSave this picture!Plan – Second floorThe studio floor is formed from re-laid timber roofing boards that were found below layers of previous roof finishes as work progressed. A new mill finish steel plate stair rises to the studio from the remodelled circulation space at first floor. The existing rear wing at ground floor was also extended to create a new guest bedroom, sitting room and bathroom within a walled courtyard; and the entrance hall was remodelled, reinstating a corridor around the original stair. The ground floor extension is built in a salvaged stock brick to match an earlier addition, and the whole rear wing has been upgraded to improve thermal performance. Existing glazed timber doors were repaired and re-used in a new location, and slate flagstones that were previously within the courtyard have been reused as a floor finish. A built-in birch plywood storage wall provides wardrobe space, study area and a concealed fold-down bed.Save this picture!© Simon CarruthersThe new roof, beyond a small existing first floor terrace has been planted with a mix of wildflower species that are found within the local urban setting. More recent casement windows at first floor have been replaced with new double-glazed painted timber sash windows, and a later front door also replaced using the two known historic photos of the building as a reference. External joinery colours were chosen to give a dark appearance closer to the late Georgian / Victorian colour scheme that appeared to have survived well into the 20th century.Save this picture!© Max CreasyThe outward lining of the new studio is formed from thermally modified, UK grown, Ash boarding with a charred and oiled finish. The charring alludes to past events during the life of the building, and has a substantial appearance that compliments the brick and rendered masonry of the lower floors. One of the most dominant features of the original side elevation was the rainwater pipe that once ran diagonally from a hopper at parapet level. A new copper rainwater pipe and hoppers trace the original alignment, and ornament the re-formed building.Save this picture!© Max CreasyProject gallerySee allShow lessWhy Landscapes Designed to Flood Are Environmentally SoundArticlesApartment Renovation in Singapore / Studio Wills + ArchitectsSelected ProjectsProject locationAddress:Stepney, London, United KingdomLocation to be used only as a reference. It could indicate city/country but not exact address. Share Photographs Architects: Martin Edwards Architects Area Area of this architecture project CopyApartments, Renovation, Apartment Interiors•London, United Kingdom Projects Apartments Area:  108 m² Year Completion year of this architecture project ArchDaily Year:  CopyAbout this officeMartin Edwards ArchitectsOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousingApartmentsRefurbishmentRenovationInterior DesignResidential InteriorsApartment InteriorsEnglandLondonOn FacebookUnited KingdomPublished on January 14, 2021Cite: “Artist’s Studio in Stepney in London / Martin Edwards Architects” 14 Jan 2021. ArchDaily. Accessed 10 Jun 2021. ISSN 0719-8884Browse the CatalogSinkshansgroheBathroom Mixers – LogisVinyl Walls3MExterior Vinyl Finish – DI-NOC™ StonePartitionsSkyfoldWhere to Increase Flexibility in SchoolsTiles / Mosaic / GresiteCupa PizarrasVentilated Facade – CUPACLAD UprightGlassLAMILUXGlass Roof PR60ConcreteKrytonCrystalline Waterproofing – KIMSkylightsVELUX CommercialAtrium Longlight Skylights in ExperimentariumMetal PanelsLorin IndustriesAnodized Aluminum – Copper FinishesStonesFranken-SchotterWall Covering & CladdingWindowsRabel Aluminium SystemsMinimal Casement Windows – Rabel 8400 Slim Super Thermal PlusSwingsStudio StirlingHanging Chair – BasketWallcovering / CladdingArrigoni WoodsWood Cladding – AcousticMore products »Save想阅读文章的中文版本吗?伦敦‘拼接’艺术工作室 / Martin Edwards Architects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 Save this picture!© Simon Carruthers+ 24Curated by María Francisca González Share 2020 United Kingdom Artist’s Studio in Stepney in London / Martin Edwards ArchitectsSave this projectSaveArtist’s Studio in Stepney in London / Martin Edwards Architects “COPY” ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/954911/artists-studio-in-stepney-in-london-martin-edwards-architects Clipboardlast_img read more

Renco caught trying to rob pensions, again

first_imgSome 1,350 retirees, members of the United Steelworkers union, have won their battle against the giant Renco Group to get their full pensions.The Pension Benefit Guaranty Corp., a federal agency, announced on March 4 that Renco must restore all the pension money due these retired workers since 2012, when R.G. Steel went bankrupt and Renco, R.G. Steel’s owner, cut off their pensions. The PBGC took over at that time and made much-reduced pension payments to the workers, but it also sued the conglomerate Renco Group for $70 million in pension obligations. (nytimes.com, March 5)The settlement means that Renco must also pay back the federal government for its pension payments to the R.G. Steel workers. Although it was the PBGC that negotiated the settlement, it was pressure by the union workers and their supporters that won the victory.The Renco Group owns mines and factories around the globe. Its owner, Ira Rennert, is a billionaire with a palatial seaside home, known as Fair Field, on Long Island. The largest occupied mansion in the U.S., it is currently valued at $248 million — more than the pension money Renco had denied the R.G. Steel workers.Sued WW in 2006Renco is well-known to Workers World newspaper. The company sued us in 2006 for writing that Renco was robbing the workers of another company, WCI Steel in Ohio, of their pensions, also through a bankruptcy maneuver. Despite an army of Renco corporate lawyers, the judge dismissed the suit.When, under pressure from the union and supporters like WW, the PBGC threatened to seize Rennert’s Fair Field mansion to pay for the pensions, Renco backed off and made up the pension shortfall to the WCI retirees.Typically, when a subsidiary of a conglomerate like the Renco Group declares bankruptcy, the conglomerate is obligated to pay the workers’ pensions. But in the recent R.G. Steel case, Renco schemed to avoid this obligation, according to the PBGC.Renco bought the financially troubled steel company in 2011 for $1.2 billion and then sold a 24.5 percent stake in it to Cerberus, a private equity firm. It told the PBGC that this was done to avoid declaring R.G. Steel in bankruptcy.But shortly thereafter, in 2012, R.G. Steel did declare bankruptcy. As Renco now owned less than the 80 percent “cutoff” stake at its subsidiary, it claimed it could cut off the pensions of the steel company’s workers, leaving the PBGC to make much-reduced pension payments. That’s when the government agency sued Renco for fraud.Pensions belong to workersPensions are not gifts to the workers from corporations or government agencies. They are deferred wages, designed to supplement Social Security so workers can maintain a steady, secure standard of living through their retirement years. They are the product of countless struggles against the bosses, private and government. Pension funds are the property of the workers.Government worker unions in particular have negotiated somewhat lower wages than private industry unions in order to get more money placed in pension plans. These pension funds become obligations that the bosses must pay.But for decades, corporations and their political minions have connived to reduce and eliminate these pension obligations and replace them with stock market investment plans, like the 401(k) program. Then the workers, not the companies, assume all the risk, while brokers rake in billions in commissions.Millions of workers found that their plans’ savings evaporated in the Great Recession. Many have not recovered from that catastrophe.Economist Teresa Ghilarducci explained it this way: “In America, when we had disability and defined benefit plans [pensions], you actually had an equality of retirement period. Now the rich can retire and workers have to work until they die.” (nbcnews.com, March 23, 2015)As with Renco, Wall Street is constantly hatching plans to gobble up the workers’ pension plan funds.In 2015, 12,000 Detroit city retirees, many of them African Americans, found their pension payments cut by 6.7 percent. On top of that, many of these same retired workers must pay back tens of thousands of dollars to the pension fund for so-called “excess interest” that they received.  This is aptly called “clawback,” as the state government and courts gouge the retired workers’ meager income in order to hand over millions of dollars to Wall Street bankers.This occurred despite a provision in the Michigan Constitution that guarantees full pensions to state and local government workers.All this comes on top of the campaign by Wall Street political hacks in Congress to reduce Social Security benefits and increase the retirement age.As the capitalist crisis continues to unfold, every worker who has retired or plans to retire has a stake in the struggle against Wall Street’s drive to steal from and eliminate pensions, hoodwink workers into shady investment schemes, and discard older workers, particularly oppressed workers, into lives of abject poverty.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

What To Do This Weekend in Pasadena

first_imgHerbeauty11 Yummy Spices For A Flat TummyHerbeautyHerbeautyHerbeautyBollywood Star Transformations: 10 Year ChallengeHerbeautyHerbeautyHerbeautyEase Up! Snake Massages Are Real And Do Wonders!HerbeautyHerbeautyHerbeauty5 Things To Avoid If You Want To Have Whiter TeethHerbeautyHerbeautyHerbeautyPretty Or Not: 5 Things You Didn’t Know About BeautyHerbeautyHerbeautyHerbeauty7 Most Startling Movie Moments We Didn’t Realize Were InsensitiveHerbeautyHerbeauty 2 recommended0 commentsShareShareTweetSharePin it First Heatwave Expected Next Week top box 5 What To Do This Weekend in Pasadena Published on Thursday, April 10, 2014 | 2:03 pm Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Your email address will not be published. Required fields are marked * Business News Name (required)  Mail (required) (not be published)  Website  Make a comment Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenacenter_img Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Community News EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Here is our carefully culled top picks from dozens of Pasadena events – the very best things to taste, watch, listen to, and experience, all presented weekly in our e!Pasadena email newsletter: Subscribe Top of the News More Cool Stuff Community Newslast_img read more

Highland’s Farming News – Thursday 27th August

first_img WhatsApp A 15 Minute Programme presented by Chris Ashmore every Thursday at 7.05pm highlighting all that’s happening in the farming community. WhatsApp NPHET ‘positive’ on easing restrictions – Donnelly Highland’s Farming News – Thursday 27th August NewsPlayback Google+ Three factors driving Donegal housing market – Robinson Twitter Nine Til Noon Show – Listen back to Wednesday’s Programme Previous articleDerry great Eddie Davis passes awayNext articleDonal O’Brien remains Ulster Senior League Manager admin Facebook Help sought in search for missing 27 year old in Letterkenny 448 new cases of Covid 19 reported today Google+ News, Sport and Obituaries on Wednesday May 26th Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/08/Farming-42.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Pinterest Twitter Facebook Pinterest By admin – August 27, 2015 RELATED ARTICLESMORE FROM AUTHORlast_img read more

Delhi HC Stays NCLT Order Initiating Insolvency Proceedings Against An MSME Despite The March 24 Order Which Increased The Jurisdiction Of The Tribunal To 1 Crore [Read Order]

first_imgNews UpdatesDelhi HC Stays NCLT Order Initiating Insolvency Proceedings Against An MSME Despite The March 24 Order Which Increased The Jurisdiction Of The Tribunal To 1 Crore [Read Order] Karan Tripathi25 Jun 2020 1:40 AMShare This – xDelhi High Court has stayed an order passed by the National Company Law Tribunal wherein proceedings were initiated against a Micro, Small & Medium Enterprise (MSME) under Section 9 of the Insolvency & Bankruptcy Code. While holding that there’s a prima facie case in favour of the Petitioner, the Single Bench of Justice Prathiba M Singh relied upon the notification…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?LoginDelhi High Court has stayed an order passed by the National Company Law Tribunal wherein proceedings were initiated against a Micro, Small & Medium Enterprise (MSME) under Section 9 of the Insolvency & Bankruptcy Code. While holding that there’s a prima facie case in favour of the Petitioner, the Single Bench of Justice Prathiba M Singh relied upon the notification dated 24/03/20 wherein the jurisdiction of the NCLT has been increased to ₹ 1 crore. The order has come in a petition challenging the order passed by the NCLT on 29th May, 2020 by which the NCLT has entertained a petition against the Company M/s. VMA Enterprises Pvt Ltd. of which the Petitioner is one of the Promoter-Directors, under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The Petitioner argued that it falls within the category of Micro, Small and Medium Enterprise (MSME), with more than 20 employees and at least 50 vendors would be affected if the insolvency proceeding continues against the Petitioner. Moreover, the Petitioner said that it would completely go out of business overnight. The Petitioner further submitted that the NCLT did not consider the fact that from 24th March, 2020, onwards the jurisdiction of the NCLT has been increased to Rs 1 crore. However, in the operative portion of the NCLT’s order, the NCLT proceeds on the basis that the defaulted amount is more than Rs.1 lakh, and has exercised jurisdiction. After perusing the documents, the court took note of the fact that notification dated 24th March 2020 has changed the `minimum amount of default’ from one lakh rupees to one crore rupees in respect of `Insolvency Resolution and Liquidation for Corporate Persons’ in Part II of the Code. The court further highlighted that the purpose of the said notification was to ensure that the MSMEs are not subjected to Insolvency proceedings during the lockdown or immediately thereafter. Therefore, after satisfying itself that there’s a prima facie case in favour of the Petitioner, the court stayed the said order till the next date of hearing upon the Petitioner submitting ₹10 lakh with the Registrar General of the court. The court will next take up this matter on August 13. Petitioner Company in this case was represented by Mr Prabhat KumarClick Here To Download Order[Read Order] Next Storylast_img

Hawaii governor declares state of emergency following major flooding

first_imgABC NewsBy MAX GOLEMBO, ABC News(NEW YORK) — Hawaii has experienced very heavy rainfall since Sunday, with some areas getting 1 to 2 feet of rain in just 24 hours.The rain caused catastrophic flooding for Maui and Oahu, which temporarily forced evacuations overnight in Haleiwa on Oahu.The Haleiwa evacuation order was canceled early Wednesday after flooding conditions subsided. All roads in the area are now open, but residents are being asked to proceed with caution as ponding water, mud and debris may be present, officials said.Flooding in the state led Gov. David Ige to sign an emergency proclamation.“The emergency proclamation makes state general funds available that can be used quickly and efficiently to help those impacted by the severe weather, which is expected to continue until Friday,” Ige said in a statement Tuesday.While some of the more serious flooding has decreased, a flash flood watch for all the islands of Hawaii remains, along with a flash flood warning for Kauai.Additional rain is expected Wednesday, when 1 to 2 inches per hour are possible.Rain could linger in Hawaii for a few days to come, which could result in more flooding.Meanwhile, there are two storms from California to the Great Lakes with heavy snow, rain and severe thunderstorms worth tracking.The first storm on the West Coast will bring 1- 2 feet of snow to California and heavy rain to Southern California, with up to 2 inches possible.The second storm, will move into the Plains and the Upper Midwest. Severe thunderstorms will be possible from Kansas to Minnesota, with damaging winds, hail and even a small chance for tornadoes.Further northwest, heavy snow is expected from the Dakotas to northern Minnesota, where locally 10 inches of snow is possible.Copyright © 2021, ABC Audio. All rights reserved.last_img read more