The Law Society’s Council today deferred a final decision on the level of this year’s compensation fund levy until its next monthly meeting in July. Society president Paul Marsh said this was to accommodate further discussion with the SRA on the matter. Papers for today’s meeting include a recommendation that members sanction a three-fold increase in the full-rate contribution to £480 in 2009, up from £150 last year. For more on this story, see tomorrow’s Gazette>/em>.
Barclays Bank Plc could face claims totalling $6bn globally following revelations that staff members were involved in the manipulation of the London inter-bank offered rate (Libor), the Gazette has learned. In addition to existing claims in the US, the Gazette has been told of counterparties from housing associations to insurers examining past trades to determine whether they made a loss as a result of misconduct. Two main features of Libor manipulation could have caused a loss. Product rates set with reference to the Libor rate may have been set too high, notably before Lehmans collapsed in 2008. And even when fluctuations in the Libor rate were minor, they may have triggered counterparties’ ‘opt-in’ or ‘opt-out’ clauses on agreed trades. Robert Hickmott, partner at niche litigation firm Quinn Emanuel, confirmed that the firm has begun work on potential claims with clients in the UK and the US. ‘We are looking at higher-value trades,’ he said. ‘Where [clients] reached the opt-in or opt-out trigger points when the rate was artificial a loss could have been incurred.’ The $6bn figure is based on the volume of Barclays’ global trades, estimated by investment bank Liberum Capital. Bank staff could also face prosecution by the Serious Fraud Office (SFO). Offences may have been committed under the Fraud Act 2006, and the Theft Act 1968. Andrew Oldland QC, a partner at Michelmores, told the Gazette: ‘Proving “dishonesty” is a key element.’ That test of dishonesty would hinge on whether derivatives traders and staff submitting incorrect Libor rates believed their activities were ‘sanctioned’ by the authorities, Oldland said. John Rathbone, founder of financial risks consultant JC Rathbone Associates, said the Bank of England should have been aware low Libor rates were incorrect. Owen Watkins, barrister in the corporate department at Lewis Silkin, said FSA-regulated individuals at the banks had obligations that could not be removed by ‘pressure’ from above or outside the organisation. Civil cases would occupy Barclays for 12 months or more, and based on past experience any criminal cases could take two years to come to trial. Watkins said: ‘In practice it could be difficult to run civil and criminal cases in parallel. A lot of the evidence would be identical.’ A spokesperson for the Bank of England said: ‘It is nonsense to suggest that the Bank of England was aware of any impropriety in the setting of Libor.’ Read further analysis in news focus
An appeal by Mirror Group Newspapers (MGN) against damages awarded by the High Court to victims of phone hacking has been dismissed.Giving judgment yesterday in the Court of Appeal, Lady Justice Arden (pictured) decided Mr Justice Mann had delivered a ‘careful and comprehensive judgment’ in the High Court in May.‘MGN cannot expect this court to come to its rescue and find some way of finding the awards to be excessive when its staff have been responsible for disgraceful conduct with such distressing consequences.’MGN was appealing against awards totalling £1.2m made to a representative group of eight hacking victims. Following the failure of the appeal, MGN has increased its provision for dealing with phone-hacking damages to £41m.Lord Pannick QC, appearing for MGN, had advanced four grounds for appeal. First, he argued the judge was wrong to hold that damages could be awarded for ‘the mere intrusion into a person’s privacy independently of any distress caused’.On the second and third grounds, Pannick said the awards were disproportionate when compared with both the tariff in particular for personal injury awards and awards by the Strasbourg court. Finally, he argued that Mann J had ‘double-counted’ in reaching awards totals.The appeal was rejected on all four grounds. Pannick was instructed by RPC, acting for MGN. The eight hacking victims were represented by Atkins Thomson, as lead solicitors, plus Clintons, Steel & Shamash and Taylor Hampton.Steven Heffer, partner at Collyer Bristow, which is acting for 200 phone-hacking claimants, told the Gazette: ‘Mirror Group’s settlement offers had stopped pending the outcome of this case.’ He added that the £41m provision looked ‘tight’ considering the size of known settlements and awards, and given that the amount included legal costs.Such a figure could signal a shift in strategy by MGN to consider earlier settlement of cases.Heffer’s clients are among the 80 other claims before the court in the second wave of this litigation and 50-plus claims at the pre-action stage.In a statement issued yesterday he said: ‘There are many still to be settled against both Mirror Group and News UK.‘The awards are significantly higher than most settlements made earlier by News UK and awards made in the News International compensation scheme, so it is going to increase the financial burden on the newspaper groups who have not yet compensated victims.’
The outgoing lord chief justice today admits that his last year in office has been the toughest, as ‘nine years of austerity’ continue to take their toll on the justice system. Lord Thomas of Cwmgiedd also urges the government to think hard before implementing further reforms of legal services regulation, highlighting concerns that the ’public interest too often gives way to the consumer interest’ in decision-making. Lord Thomas, who will be succeeded by Sir Ian Burnett on 1 October after four years in the role, reflects in his last annual report on what he leaves behind. ’My final year office has, in many ways, been the most difficult,’ he says – alluding to Brexit and its challenge to the position of English law and courts; access to justice; and judicial independence following the ’enemies of the people’ furore.’The effects of nine years of austerity, retrenchment and other significant reductions in the provision of resources have made the task of delivering justice ever more difficult,’ he adds.Thomas says the £1bn courts and tribunal modernisation programme is ‘well on track’, highlighting the importance of digitisation and artificial intelligence in strengthening access to justice. While predicting that a new round of court closures is ‘inevitable’ to address a surplus in the courts estate, he bemoans the ‘dilapidated’ state of many buildings. A significant number are in ’very poor condition, requiring immediate maintenance work’, he says, adding that the upkeep of the retained courts estate is ‘vital’. Lord Thomas of CwmgieddSource: Michael CrossThomas also alludes to the problem of low morale among judges, as the Senior Salaries Review Body prepares to report next year on the judicial reward structure. ’Any failure to address the problem of pay and pensions will have a serious impact on morale and recruitment,’ he warns.On criminal justice – a ‘real concern’ for the judiciary – Thomas says the fall in the number of cases appears to have been offset by an increase in complexity and length. He highlights growing concern about the number of longer-term prisoners and prison conditions for young people.On the professions, Thomas reflects that debate continues about further reform of regulation and the legal services market. ‘Now more than ever,’ he says, ’it is critical that careful thought is given to any changes and that strong safeguards are put in place when changes are made. Most importantly, the highest standards of training and practice must be encouraged and the practitioner’s overriding duty to the court preserved so as to maintain the world-class reputation of our jurisdiction.’There is a nascent concern that the public interest too often gives way to the consumer interest, which is itself too narrowly defined,’ he adds, echoing comments by the now Supreme Court president Lady Hale to the Lords constitution committee.Thomas is relatively sanguine about the pre-eminence of London and the English courts post-Brexit. The ‘false perceptions of uncertainty’ caused by Brexit are being addressed, he says, adding that the English capital’s status as a leading centre for dispute resolution ’is being maintained’.In the wake of the furore over judicial independence sparked by the Daily Mail’s notorious ‘Enemies of the people’ headline, Thomas also stresses that judges must not be subject to improper pressure nor their independence taken for granted.
Adtranz board shuffleFollowing the conformation of Rolf Eckrodt as President & CEO of Adtranz, the following board member responsibilities have been announced (p141). Christer Badholm heads the new Mass Transit division and Jürgen Lochmann the Main Line Rail division. Joachim Gaissert, previously responsible for Manufacturing & Technology, takes responsibility for Systems & Components. Rainer Schmückle becomes Chief Financial Officer, and Ake Wennberg, who was responsible for Vehicle Techniology at Adtranz Sweden, has been appointed Chief Technical Officer. Ruben Ornstein, Heinz Cronimund, and Chris Sheppard have been allocated as yet unnamed responsibilities, but Kevin Hyde has left the company. Rolf Eckrodt has been elected Chairman of the Union of European Railway Industries (Unife). Drewin Nieuwenhuis has joined Unife from UITP as General Manager. Eugenio Damboriena y Osa has been named President of Spanish national narrow gauge railway operator Feve.Chris Green has taken over as Chief Executive of Britain’s Virgin Rail Group with effect from February 22. A former Managing Director of British Rail’s Inter-City business, he has most recently been Director of the Gibb Rail consultancy. He succeeds Brian Barratt who has been offered a place on the Virgin Rail board. Mark Furlong becomes Virgin Rail Marketing Director, but Business Development Director Ivor Warburton has left the company.Fernand Nouvion, French Railways’ electric traction specialist who was Traction Studies Director during the world speed record programme of 1955, died on January 25.Jeff D Finitz has joined Systra Consulting Inc, formed by merger of LS Transit Systems and Rail Transportation Systems, as Senior Project Engineer.Mathias Tromp has been named Managing Director of BLS L
Sudan President Omar al-Bashir Sudanese President Omar al-Bashir [File -Photo]Sudan’s Omar Bashir fended off a march by opponents on his presidential palace in the capital, Khartoum, unleashing his security forces in hopes of putting an end to an Arab Spring-style uprising. But nearly a week of protests has pointed to the weaknesses threatening his 29-year hold on power.Despite the heavy hand of the police, who have reportedly killed at least 37 protesters, Bashir’s response has been feeble. He left the capital ahead of Tuesday’s march on his palace, and he has been fumbling and vague in addressing the economic crisis that prompted the outburst of anger.Perhaps most alarming for Bashir, an Islamist who came to power in a 1989 military coup, the powerful military and security agencies have only voiced half-hearted support for him amid the turmoil.On the streets, the lengthy battles with police on Tuesday in Khartoum may have only emboldened Sudanese to take on the security forces again.“Today, we the Sudanese people … have crossed the point of no return on the path of change,” a coalition of professional unions that organized Tuesday’s march said in a statement afterward. “We will pursue all options of peaceful, popular actions … until we bring down the regime that continues to shed blood. Today, more than any time before, we are confident in our collective ability to realize that.”Bashir, who is in his mid-70s, put down two previous bouts of protests and may do so yet again. But the rule of one of the longest-serving leaders in the Middle East is clearly fraying.Bashir still dominates Sudan’s political class. Loyal lawmakers are rallying support for constitutional amendments that would allow him to run in the 2020 elections.But his real power base is the military, which has dominated Sudan since independence in 1956. Its support for him in the unrest has been less than resounding.In a statement Sunday, several days into the protests, the military said it stood behind the country’s leadership but didn’t mention Bashir by name. Instead, it talked of preserving the nation’s security and “achievements.”Another possible judgment on Bashir was the silence of his Arab allies.Only the Gulf nations of Bahrain and Qatar publicly stated their support for Bashir. No word came from his most important backers, Saudi Arabia and the United Arab Emirates.Sudan’s neighbor to the north, Egypt, has also refrained from voicing support for Bashir. Egyptian President Abdel-Fattah el-Sissi has courted Bashir for years, hoping to secure his goodwill in Egypt’s dispute with Ethiopia over that country’s construction of a massive dam that Egypt fears will reduce its share of the Nile River. But the mercurial Bashir has moved closer to Ethiopia and stoked a long-running border dispute with Egypt.Western countries have largely shunned Bashir since the ICC charges but they remain key donors of aid to Sudan. The United States, Canada, Norway and Britain have demanded Khartoum investigate “credible reports” that Sudanese security forces used live ammunition against protesters. In a joint statement, they referred to the constitutional right of the Sudanese to peaceful protests and labeled their demands as “legitimate.”
Share LocalNews First Six Dominicans Return Home As Borders Open by: – July 15, 2020 Sharing is caring! Share 2664 Views 2 comments Share Tweet A first flight of six returning Dominicans landed this morning as soon as borders opened to returning Dominicans.According to the Hon Health Minister, Dr Irving McIntyre, they followed the new standard of travel and all steps went smoothly.In a press conference moments ago, Dr McIntyre detailed the five stage process of entry. It begins with all disembarking passengers wearing masks.Audio Playerhttps://www.dominicavibes.dm/wp-content/uploads/2020/07/LN150720TRAVEL001.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.Travellers whose body temperature is above 99.8 degrees will proceed to a secondary screening site.This site will also service individuals who meet other criteria- that includes Dominicans who have been diagnosed with covid19 who wish to return home.Audio Playerhttps://www.dominicavibes.dm/wp-content/uploads/2020/07/LN150720TRAVEL002.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.Travellers allowed to then enter the country will be allowed to take certified and trained taxis from the Dominica Taxi Association.Those for whom further testing or PCR confirmation is required will be sent to mandatory isolation or quarantine for at least 24 hours while results are pending.A second flight was expected this afternoon and at least one other tomorrow.Dominicans who wish to return home can access an online questionnaire at domcovid19.dominica.gov.dmFor those who wish to leave, if a PCR test is required, please call 611 3905 for an appointment.Individuals must also obtain a requisition form from their district health centre.Following this, payment should be made at the accounts department at the Dominica China Friendship Hospital and the receipt taken to the Office of Primary Healthcare services at the Roseau Health Centre where testing will be done.The test costs EC $100 or US $40.
Anokiwave has appointed Abhishek Kapoor as Vice President of Sales. This appointment comes at a strategic time for Anokiwave with tremendous opportunities for continued growth of its business in the rapidly developing mmW 5G, SATCOM, and A&D markets.Mr. Kapoor joined Anokiwave in January of 2018, and is responsible for growing Anokiwave’s sales, increasing its global footprint, building and managing the sales channel and distribution teams, and establishing a global brand presence. Over his career Abhishek has held various positions in sales, marketing, product management, business development, and engineering, giving him a holistic view of the business.Mr. Kapoor received his B.S. in electrical engineering from Virginia Tech in 2007 and M.B.A. from Kenan-Flagler Business School at University of North Carolina-Chapel Hill in 2013.
FacebookTwitterEmailPrintFriendly分享We reported recently that the City of Kenai was switching employee health insurance plans due to a steep increase in premiums, but the issues aren’t isolated to government agencies. She faults the President’s Affordable Care Act and says the results will strain Alaskan households already dealing with low oil prices and cuts to state funding. U.S. Senator Lisa Murkowski says Premera is raising all premiums next year by 38.7% on average. Moda is bumping up by 25%. She wrote, “From day one, this was a bill written by policymakers from urban areas, created to address the circumstances seen in some places in the Lower 48. But when it comes to low population states with limited insurance carriers and health care providers, this reform bill was never going to deliver on the promises of improved access and reduced healthcare costs. Only one realistic question remains for Alaskans when it comes to the Affordable Care Act: Affordable to whom?”
The long-term partnership will see players from the College integrated into the Bristol Bears Women setup, allowing for the growth and development of women’s rugby within both settings.It will also enable both parties to share best coaching practice and facility resources, while providing a smooth pathway for talented students to compete in the Tyrrell’s Premier 15s competition.The partnership will also see Weston College provide a base for the Bristol Bears Women Under-18s Centre of Excellence as well as monthly open skill sessions that will be run jointly by Weston College rugby coaches and Bristol Bears Women players.Joel Parker, Sports Academy Manager at Weston College: “We’re really excited about the partnership with the Bristol Bears Women. “We’ve been working on this partnership for the last few months and what we try and do here at Weston College is work with organisations that share a similar ethos.“Both organisations are about trying to develop the individual as well as the athlete and combining both an educational organisation and an elite sporting organisation has a number of benefits.” Heidi Chapman-Mercer, CEO of Bristol Bears Women: “From our point of view at Bristol Bears Women, we are looking to grow girls rugby in the local community and looking at the wider platform within the community, Weston College stands-out.“They [Weston College] have recently won the Queen’s Anniversary Award – they were only one of two colleges in the UK to win the award this year – and their rugby programme has recently gone from part-time to full-time with the number of girls in demonstrating massive progression in a short amount of time.“One of the main points of the partnership is that the Under-18s Centre of Excellence will be based at Weston College and will transition to the College’s new multi-million pound Health and Active Living Centre facility as well as there being monthly open skill sessions for girls from year 9 upwards.” Bristol Bears Women’s Centre of Excellence has been based at Weston College for a number of months and there has already been cases of its success. Weston College student, Amy Coles has recently attend England under-20s trials and she believes attending the Centre of Excellence has aided her rugby development. “It’s very exciting to be involved with a Tyrrell’s Premier 15s club, especially with the way women’s rugby is developing in England.“Extra coaching at the Centre of Excellence has allowed me to push my rugby game further, learn new skills and work my way up the player pathway to earn an England under-20s trial.”, said Coles.