NMBZ Holdings Limited (NMB.zw) 2017 Abridged Report

first_imgNMBZ Holdings Limited (NMB.zw) listed on the Zimbabwe Stock Exchange under the Banking sector has released it’s 2017 abridged results.For more information about NMBZ Holdings Limited (NMB.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the NMBZ Holdings Limited (NMB.zw) company page on AfricanFinancials.Document: NMBZ Holdings Limited (NMB.zw)  2017 abridged results.Company ProfileNMBZ Holdings Limited is a registered financial-services holding company in Zimbabwe; operating in the retail and commercial banking sector aswell as treasury, international banking and corporate finance through its principle subsidiary NMB Bank Limited. A second subsidiary, Steward Holdings (Private) Limited, is an equity holding company. Formerly known as National Merchant Bank of Zimbabwe Limited, NMB Bank Limited was established as a retail banking institution in 1992 by a group of Zimbabwe entrepreneurs who had held senior positions in renowned international financial institutions such as the World Bank and the International Finance Corporation. It was granted a commercial banking license in 1999 which enhanced its funding capacity and extended it product offering. NMB Holdings Limited is listed on the Zimbabwe Stock Exchange and London Stock Exchangelast_img read more

Fans praise worthy South African Player of the Year winner Pieter-Steph du Toit

first_imgFriday Feb 8, 2019 Fans praise worthy South African Player of the Year winner Pieter-Steph du Toit South African rugby fans have taken to Twitter to congratulate versatile forward Pieter-Steph du Toit for claiming the South African Player of the Year award for the second time in three years. ADVERTISEMENTThe 26-year-old joins an illustrious club alongside Bryan Habana, Schalk Burger, Jean de Villiers and Fourie du Preez to have won the award more than once. It was a standout year for Du Toit, as he featured in every game for the Springboks in 2018. He captained his country against Wales in the United States in June, which preceded a series win against England on home soil, where he was part of a pack that demolished the English at times. He was also one of, if not the best player on the field when South Africa shocked New Zealand in Wellington in September. His ability to play as a lock or flanker at international level makes him a very rare commodity and a huge asset to any team. The Springboks had some highs and lows over the course of 2018, but du Toit remained a consistently high performer for Rassie Erasmus’ team. His Director of Rugby described the Stormer as ‘the perfect player you want to coach’, and these sentiments were echoed by the fans.ADVERTISEMENTHe was praised for his tireless attitude on the pitch and commitment to the jersey, which helps in becoming a fan favourite. He faced stiff opposition for the award against Aphiwe Dyanti, Franco Mostert, Handre Pollard and 2017 winner Malcolm Marx, but was still deemed the deserved winner by the fans.https://twitter.com/mangta10/status/1093463497156055040Well done, big guy 👏🏻👏🏻👏🏻— Dave (@bravedave99) February 7, 2019He deserves it, well done young man— mpumzi (@shandezjosh) February 7, 2019Well deserved too, this man puts his body on the line for his country every single outing!!— Jason Smit (@JasonpSmit) February 7, 2019With the World Cup under eight months away, the form of du Toit will please many Springbok fans, and regardless of what position he will be playing, there is little doubt that he will be one of the star men in Japan.ADVERTISEMENTAs expected, Pieter-Steph du Toit deservedly gets SA Rugby Player of the Year. Sbu Nkosi Young Player of the Year and Dylan Sage Blitzboks Player of the Year #rugby— Leighton Koopman (@Leighton_K) February 7, 2019100% deserves it.— Darren Fourie (@darrenfourie) February 7, 2019 Posted By: rugbydump Share Send Thanks Sorry there has been an error News Related Articles 25 WEEKS AGO Exeter vs Toulouse is off as a number of… 25 WEEKS AGO Danny Cipriani leaves Gloucester with immediate… 25 WEEKS AGO ‘Aphiwe can’t believe it. We were starting… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsDoctors Stunned: This Removes Wrinkles Like Crazy! (Try Tonight)Smart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living30+ Everyday Items with a Secret Hidden PurposeNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

Forest House / Primus architects

first_imgArchDaily Houses Architects: Primus Arkitekter Area Area of this architecture project Year:  Year:  2014 ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/775286/forest-house-primus-architects Clipboard Area:  108 m² Area:  108 m² Year Completion year of this architecture project photographs:  David Bülow, Stamers KontorPhotographs:  David Bülow, STAMERS KONTORInterior Design Consultant, Fittings, Kitchen And Bathroom:Louise de FønssConstruction:VITOInterior Wood Work:Københavns Møbelsnedkeri Concrete Floor:Londero MosaikWindows:H S Hansen Millenium series City:AsserboCountry:DenmarkMore SpecsLess SpecsSave this picture!© Stamers KontorRecommended ProductsWoodBruagBalcony BalustradesMetallicsKriskadecorMetal Fabric – Outdoor CladdingEnclosures / Double Skin FacadesAlucoilStructural Honeycomb Panels – LarcoreCeramicsGrespaniaWall Tiles – Wabi SabiText description provided by the architects. The site is a long, slender plot facing the edge of a forest.  The diagonal offers view of the heath.Save this picture!© Stamers KontorThe clients wanted to shut the house off to the adjacent buildings in order to  have an exclusive experience of  the forest.Save this picture!Ground Floor PlanSave this picture!First Floor PlanThey wanted the house to create a spatial frame for large dinner parties and at the same time provide intimacy. The section is an interpretation of the local building regulations in order to create maximum ceiling height and natural light.Save this picture!© Stamers KontorThe facade is a lapped cladding in solid oak boards treated with iron sulfate, which protects the wood and creates the weathered surface.Save this picture!© Stamers KontorThe furnishing of the interior is created by the skewing of the plan, which creates hidden storage space and a hidden entrance covered by oak panels.Save this picture!© Stamers KontorThe floor is polished concrete with built-in heating.Interior walls are made from wooden boards of slightly different thickness, creating a tactile surface that catches the light.Save this picture!© Stamers KontorProject gallerySee allShow lessCall for Applications: Stewardson Keefe LeBrun Travel GrantOpportunitiesFilm Screening: Eames: The Architect and the PainterEvent Share CopyHouses•Asserbo, Denmark Photographs Denmark Forest House / Primus architectsSave this projectSaveForest House / Primus architects Forest House / Primus architects “COPY” 2014 ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/775286/forest-house-primus-architects Clipboard Projects Save this picture!© David Bülow+ 23 Share “COPY” CopyAbout this officePrimus ArkitekterOfficeFollowProductWood#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesAsserboDenmarkPublished on October 16, 2015Cite: “Forest House / Primus architects” 16 Oct 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 streamlast_img read more

Are charity malls a cause for concern?

 20 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 30 March 1999 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Are charity malls a cause for concern? There are an ever-growing number of Web shopping malls that offer to donate a percentage of purchase price or profits of sales to charity. There are an ever-growing number of Web shopping malls that offer to donate a percentage of purchase price or profits of sales to charity. But there are concerns that they are unregulated and might not be handing over money owed to charities.Read Reed Abelson’s Electronic Fine Print is Limiting Charity in today’s New York Times. Advertisement 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 GoodJobs.org.uk. Researching massive growth in giving. read more

New Geared for Giving campaign sets Payroll Giving target of £260m a year

first_img  78 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis7 Tagged with: payroll giving Melanie May | 6 October 2016 | News According to Geared for Giving, 23% of the UK’s largest employers currently offer Payroll Giving. By increasing the number of employers signing up to the scheme, Geared for Giving hopes to make giving to charity through employee pay a social norm in the UK. The campaign is funded by some of the UK’s biggest employers, including ASOS, BT, Beaverbrooks, Experian, Linklaters LLP and The Entertainer.BT, which is also one of the campaign’s founding partners, has also announced its commitment to building a new digital platform, which will enable any PAYE employee to request to sign up to the scheme.Sir Michael Rake said:“Payroll Giving is the simplest and most effective way to give to charity, both for employers and employees, and is a great way to boost charitable giving overall. BT alone raises £3.5m for charities through Payroll Giving every year, and we encourage more British businesses to get behind the scheme to help deliver its true potential.” A new phase of the national Geared for Giving campaign launches today, with the aim of doubling the amount raised by Payroll Giving to £260m a year by increasing participating employees from one million to two million within the next five years.The new phase is being launched by BT chairman Sir Michael Rake and calls for every UK employer with more than 250 staff to offer Payroll Giving. About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com. New Geared for Giving campaign sets Payroll Giving target of £260m a year  77 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis7last_img read more

Open letter to Prime Minister Lee Hsien Loong

first_img Follow the news on Singapore News SingaporeAsia – Pacific April 10, 2020 Find out more to go further Jean-François JulliardSecretary-General October 15, 2020 Find out more News Coronavirus: State measures must not allow surveillance of journalists and their sources RSF’s denounces Singapore’s disregard of press freedom ahead of its Universal Periodic Review Help by sharing this information Dear Prime Minister,A foreign news organisation has yet again been forced to apologise to you and your father and pay you a large sum of money for publishing an article you did not like. This time it is the New York Times Co. that is a victim of this double punishment because of a compliant judicial system that always rules in favour of you and your family in all the lawsuits you bring against foreign news media.Before the New York Times Co., you succeeded in punishing the Far Eastern Economic Review (FEER), FinanceAsia.com, The Economist, International Herald Tribune and Asian Wall Street Journal for their coverage of the political and economic situation in your country.Threatened by a trial, the New York Times Co. apologised to you and your father, Lee Kuan Yew, for the article “All in the Family,” written by Philip Bowring and published in the 15 February issue of the International Herald Tribune. As well as an apology, this US media company had to pay 114,000 US dollars in damages.Your lawyer, Davinder Singh, said Bowring’s article violated an “agreement” between your family and the International Herald Tribune, which was sentenced in 1994 to pay a large sum in damages for an article entitled “The claims about Asian values don’t usually bear scrutiny.” The now defunct Far Eastern Economic Review agreed last November, after a long legal wrangle, to pay you and your father 290,000 US dollars in damages. Despite a lack of evidence, Singaporean judges ruled in favour of your family both in the original trial and on appeal without a thought for media freedom.Reporters Without Borders condemns the judicial harassment which you and your father have practiced for years in order to prevent foreign news media from taking too close an interest in how you run your country. It does serious and lasting harm to press freedom in Singapore.Your government has repeatedly displayed a disturbing inability to tolerate foreign journalists. Last October, for example, Ben Bland, a British freelancer who strings for The Economist and The Daily Telegraph, was denied a visa and permission to cover an APEC summit in Singapore. “I was forced to leave Singapore after the government refused to renew my work visa without any explanation,” Bland told Reporters Without Borders.But the censorship has above all affected local media and local artistic production. In October 2009, for example, the ministry of information, communication and arts upheld a ban on a documentary by Singaporean filmmaker Martyn See about government opponent Said Zahari. Watch the video: http://www.youtube.com/watch?v=mOI26wrp4b4In response to the publication of the Reporters Without Borders 2009 press freedom index, in which Singapore was ranked 133rd out of 175 countries, your law minister, K. Shanmugam, described it as “absurd” and “disconnected from reality.” Unfortunately, the facts show that we are right.In the six years since you became prime minister and said you favoured an “open” society, we have seen very few improvements in the situation of free speech.We therefore think your government should take the following measures as a matter of urgency:1. Put a stop to the libel actions which you and your relatives have been bringing against Singaporean and foreign media that cover Singaporean developments in an independent manner. As the UN special rapporteur for freedom of expression recently said, the prime minister, his minister and high officials must refrain from suing journalists over their articles and comments.2. Amend the criminal code so as to abolish prison sentences for press offences.3. Amend the press law, especially the articles concerning the granting of publication licences. The current restrictions are preventing the emergence of independent media. The film law should also be relaxed.4. Reform the national security law so as to abolish administrative detention, which allows the authorities to imprison people because of what they think.5. Reform the Media Development Authority so that it is no longer able to censor and can solely make recommendations about TV programmes and films.6. Allow government opponents and civil society representatives unrestricted access to the public media.7. Guarantee the editorial independence of all the media owned by Singapore Press Holdings (SPH) and Media Corporation of Singapore (Mediacorp).8. Transfer the money that your family has obtained in damages from foreign and Singaporean news media to a support fund for imprisoned journalists that Reporters Without Borders proposes to set up.We regret that you, the members of your government and your father keep citing the need to guarantee Singapore’s stability as grounds for controlling the media and maintaining its draconian laws. Countries that show the most respect for press freedom, such as Finland and Norway, are peaceful and prosperous democracies. Freedom of expression is not a source of political unrest. Quite the contrary.You have perpetuated your father’s legacy by continuing to harass and intimidate news media. As a result, aside from a few websites specialising in Singapore, no news outlet can publish independent news and information about issues affecting the political situation in your country.We would be very honoured to be able to meet with you in order to talk about our observations and our proposals for guaranteeing press freedom in Singapore in person.Respectfully, Receive email alerts Prime Minister Lee Hsien LoongPrime Minister’s OfficeOrchard RoadIstanaSingapore 238823 RSF_en SingaporeAsia – Pacific Organisation Singaporean website prosecuted over election coverage News October 2, 2020 Find out more News Paris, 25 March 2010 March 25, 2010 – Updated on January 20, 2016 Open letter to Prime Minister Lee Hsien Loonglast_img read more

Law Firm’s New Ownership Shatters Florida Legal Glass Ceiling

first_img The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Nicole Casperson is the Associate Editor of DS News and MReport. She graduated from Texas Tech University where she received her M.A. in Mass Communications and her B.A. in Journalism. Casperson previously worked as a graduate teaching instructor at Texas Tech’s College of Media and Communications. Her thesis will be published by the International Communication Association this fall. To contact Casperson, e-mail: [email protected] Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: Nicole Casperson Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Tagged with: glass ceiling HOUSING mortgage tromberg Home / Daily Dose / Law Firm’s New Ownership Shatters Florida Legal Glass Ceiling Related Articles Law Firm’s New Ownership Shatters Florida Legal Glass Ceiling in Daily Dose, Featured, Headlines, Journal, News One of Florida’s well-established creditor foreclosure, litigation, and bankruptcy law firms has shattered the glass ceiling if woman-owned law firms.Andrea Tromberg, Esq. has acquired Gladstone Law Group, the firm at which she has served as managing partner since 2011. Now branded Tromberg Law Group, the firm is 100 percent woman-owned.This ownership change and renaming of the firm to Tromberg Law Group is breaking new ground in the Florida legal community. Tromberg Law Group is now one of the largest woman-owned creditor firms in Florida serving the U.S. and Puerto Rico.“I don’t view myself as any kind of pioneer, Tromberg said. “I have worked for some of the largest servicers and investors in the industry, and I am looking forward to continuing a leadership role in our field. I believe it is the best firms with the best attorneys that ultimately succeed. That’s what we already have at Tromberg Law Group. But if I can help pave the way just a little bit, I am proud to be a part of it.”Tromberg has faced adversity throughout her career, she understands her success wouldn’t be without a strong team to support her.Tromberg said she is proud of the team she has built—which includes highly-skilled and diverse professionals. “A good leader knows that she cannot do it alone,” added Tromberg. “A dedicated and talented group is essential to success.”In 2010, Tromberg joined Gladstone Law Group and during her tenure, she was instrumental in creating a strong litigation department and appellate division. Meanwhile, she improved processes and built a strong legal team.With her leadership, her firm became a major participant in leading appellate cases that are now landmark decisions in Florida concerning the statute of limitations, lien priority and standing in foreclosure cases.In addition, Tromberg serves on the Board of Directors for the American Legal and Financial Network (ALFN). She has served on numerous committees and is a current member of the leadership committee for Women in Legal Leadership (WILL).Tromberg has been engaged as a speaker at various events including ALFN, NARCA, Five Star and other groups to discuss hot topics in the industry such as the statute of limitation, proposed bills in Congress, ethics, FDCPA claims and the Consumer Financial Protection Bureau (CFPB).center_img Share Save glass ceiling HOUSING mortgage tromberg 2017-11-19 Nicole Casperson Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago November 19, 2017 1,685 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: What the HUD Cash Infusion Means for Underinsured Texans Next: Meritage, Operation Homefront Present Veteran Mortgage-Free Home Demand Propels Home Prices Upward 2 days agolast_img read more

Shiels seeks timeframe for pier improvement works in Rathmullan

first_imgA Letterkenny Area Councillor is calling for a time frame to be set out for works at the pier in Rathmullan.Cllr Dessie Shiels says improvements to the structure are at the heart of a plan to improve the seaside village for tourists and local people.He says progress is being made on other projects, but tying down the pier improvement is a major priority……….Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/04/desirathmullan.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Dail hears questions over design, funding and operation of Mica redress scheme Homepage BannerNews RELATED ARTICLESMORE FROM AUTHOR Google+ Pinterest By admin – April 10, 2015 PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Shiels seeks timeframe for pier improvement works in Rathmullan Man arrested in Derry on suspicion of drugs and criminal property offences released Twitter Twittercenter_img Man arrested on suspicion of drugs and criminal property offences in Derry Previous articleDerry City host Shamrock Rovers at the BrandywellNext articleThompson starts and Murphy returns for Croker clash admin Google+ Pinterest WhatsApp Facebook Facebook HSE warns of ‘widespread cancellations’ of appointments next week WhatsApp Dail to vote later on extending emergency Covid powers last_img read more

Non-Poaching Clause And Its Relation With Competition

first_imgColumnsNon-Poaching Clause And Its Relation With Competition Mozammil Ahmad13 March 2021 9:17 PMShare This – xEmployers tend to prefer experienced professionals as opposed to an employee with no prior experience, especially in markets requiring skilled workers with technical knowledge. However, during lateral hiring, an employee also takes with one the technical skills and experience acquired over the period of employment. To ensure benefit, from an employer’s perspective, in lateral hiring…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?LoginEmployers tend to prefer experienced professionals as opposed to an employee with no prior experience, especially in markets requiring skilled workers with technical knowledge. However, during lateral hiring, an employee also takes with one the technical skills and experience acquired over the period of employment. To ensure benefit, from an employer’s perspective, in lateral hiring amongst competitors, non-poaching clauses are often added to agreements. Non-poaching agreements are contracts entered amongst employers, consenting to not solicit each other’s employees. Traditionally, non-poaching agreements fall under the dominion of contract and employment law. However, these agreements may cause ripple effects in competition regulation as well. Non poaching agreements should be differentiated from non-compete agreements. Non-compete agreements are entered into to protect commercially sensitive information which employees are privy to and investment made to develop employee skills. These contracts are entered into between an employer and employee. Thus, non-compete agreements usually give employees an opportunity to negotiate terms on their behalf. However non poaching agreement s are between two employers, not only restricting an employee’s right to choose where one wants to work, but also distorting the market by controlling supply of workers  who are usually skilled) Interlink of non-poaching clause and competition law Competition regulation ensures  competitive markets and prohibit s  anti-competitive conduct. Employees play an integral part in ensuring competing ability and growth of an entity. Apart from availability of monetary and infrastructural resources, it is the employee’s skills and experience which give rise to innovation and increase the efficiency of production, sale, etc of a business. Competition is not only limited to goods and services but may also extend to the labour and talent hired. Thus, employees often invest in monetary and non-monetary resources to train employees and instil the required skills. Consequently, during a lateral shift, an employee is taking such acquired skills to competitors. This deters an employer’s efficiency and ability to innovate, requiring the employer to re-invest in a new employee again from scratch. This is witnessed in markets which have a high demand for technical players. An employee may also take business relations and confidential information which would benefit the competitor. Thus, a non-poaching agreement is often entered into to protect an employer’s interests during a lateral shift of employees. However, there are two sides to the coin while considering the impact of non-poaching clauses on competition. These considerations have to be taken in to account with the fact that an employee has the right to practice his profession where he/she chooses. Further an agreement completely prohibiting employees to switch, without his consent taken into consideration, would be in restraint to trade, thus anticompetitive. Non poaching agreements can be compared to anticompetitive horizontal market allocation since employers are agreeing to not compete with each other for labour, skill, talent and factors which are integral factors for production and efficiency. Thus, no n poaching agreements cannot completely prevent employees from shifting, but agreements must set fair conditions to protect employers’ rights and competitive standing in a market. United States The United States has considerable jurisprudence in non-poaching agreements and its impact on competition. In 2009, the Department of Justice received a complaint that tech companies had indulged in anti-competitive agreements by not directly soliciting and hiring employees from their competitors. In United States v. Adobe Sys., Inc[1]., the Department of Justice filed a complaint against Google, Apple, Adobe, Intel, Intuit and Pixar with respect to the agreements not allowing competitors to directly solicit and hire. The Department of Justice found such agreements anticompetitive since it prohibited competition of skilled employees and also decreased general competition in markets, thus impacting the employees. Further no substantial procompetitive justification for the same existed. A similar stance was adopted in Nichols v. Spencer International Press, Inc.,[2] wherein two companies had a policy to neither allow employees to switch to competitors, nor would they hire from competitors. The Courts found that such agreements would disrupt competition in the supply of a service or commodity. Thus, courts in the United States have usually not approved of non-poaching agreements completely prohibiting lateral shift in employment amongst competitors with the view that it would adversely disrupt competition. With increased regulatory actions relating to non poaching agreements, the Department of Justice and Federal Trade Commission jointly issued the guidelines, ‘Antitrust Guidance for Human Resource Professionals'[3] in 2016. The guidelines clarified that non poaching agreements would be considered as per se illegal and criminal action could be pursued by authorities. India India has taken a similar stance as United States with regards to non-switching of employees. Prior to the enforcement of Competition Act, 2002, Section 27 of the Indian Contract Act, 1872 regulated non poaching agreements. The right to practice any lawful trade which is not against public policy has been recognized by the Supreme Court in Gujarat Bottling v. Coca Cola Company AIR 1995 SC 2372. The Court further held that restricting clauses during the period of employment contract is valid but restrictive clauses extending beyond the period of employment were held to be void. The Court took a similar stance in Pepsi Foods Ltd. and Others v. Bharat Coca-Cola Holdings Pvt. Ltd. & Others 81 (1999) DLT 122 and held that post termination clauses were in violation of Section 27 of the Indian Contract Act,1872 since it was an agreement restraining trade. Further, in  American Express Bank Ltd. v. Ms. Priya Puri 2006 (110) FLR 1061, the Delhi High court upheld the rights of an employee to seek better employment and this cannot be restricted from the fact that the employee is privy to confidential information. Despite non poaching agreements not being expressly covered by the Competition Act, 2002, they may fall under the scope of Section 3 agreements. Specifically, they would fall under Section 3(3) if such agreements determine the supply of skilled labour in the market. Such agreements are mandated to be void under Section 3 of the Competition Act, 2002. However, for non-poaching agreements to not be considered under this section, they should not have an adverse impact on competition and ensure freedom of trade by not restricting employees to work for competitors. However Indian competition regime is still in a nascent stage and the Competition Commission of India is yet to interpret whether a non-poaching agreement completely banning lateral shift would fall under the scope of Section 3. Singapore Section 34 of the Competition Act of Singapore, 2004 declares agreements which prohibit solicitation of employees between competitors as anti-competitive and are also considered to have an adverse effect on competition. The exception to this provision is that if it leads to an overall economic benefit and the burden of proof is on the employer. There are different remedies provided under Singaporean law for those aggrieved by non-poaching agreements. Either a representative action can be filed or a private action can be filed by an aggrieved person against an entity infringing Section 34 of the Competition Act of Singapore. Hong Kong The Hong Kong Competition Commission issued the Advisory, ‘Competition concerns regarding certain practices in the employment marketplace in relation to hiring and terms and conditions of employment,’ stating that non poaching agreements can give rise to competition issues. The scope of the Advisory not only includes agreements between competitors but also competitors not competing for the same products or services. Under the Advisory, companies are advised to draw up their individual policies employment terms, which would include how employees are solicited. Businesses were also advised to not share their policies with other companies. Conclusion Thus, generally agreements between competitors prohibiting employees from switching jobs is not only against public policy but can also be considered anticompetitive as it acts as a restraint on trade. Most jurisdictions would approve of the same only if pro-competitive justifications can be proved before authorities. Albeit the presence of cases on non-poaching agreements and their impact on markets, the jurisprudence on overlap of labour and competition considerations is less, especially in India. Thus, competition regulators may find it relevant to issue guidelines and notifications on competitive concerns that employers have to take into consideration while setting employment terms. Agreements dealing with solicitation of employees have to be framed in a manner to comply with competition regulation  Views are Personal [1] Adobe Systems, Inc., et al., Civil Case No. 1:10-CV-01629 [2] Nichols v. Spencer International Press, Inc., 371 F.2d 332 (7th Cir. 1967) [3] Antitrust Guidance for Human Resource Professionals, Department for Justice, Antitrust Division Next Storylast_img read more

Man arrested in Derry under Terrorism Act

first_img Twitter Previous articleMinister Halligan fails again to honour commitment to school bus issueNext articleMajor water supply outage in East Donegal News Highland Arranmore progress and potential flagged as population grows RELATED ARTICLESMORE FROM AUTHOR Important message for people attending LUH’s INR clinic Facebook Man arrested in Derry under Terrorism Act Journey home will be easier – Paul Hegarty WhatsApp News, Sport and Obituaries on Monday May 24th Twitter Harps come back to win in Waterford center_img Pinterest WhatsApp Google+ By News Highland – October 22, 2018 Pinterest Facebook DL Debate – 24/05/21 Google+ A 51 year old man has been arrested in Derry today under the Terrorism Act.The man was arrested in the Creggan area of the city by detectives from the PSNI’s Terrorism Investigation Unit on suspicion of carrying out a paramilitary style attack in the city on 5 October.The arrest followed a search on a property on Thursday evening last which resulted in the seizure of a number of items as part of an ongoing investigation into dissident republican activity.The suspect has been taken to Musgrave Serious Crime Suite for questioning.Speaking about the arrest, Detective Inspector Heaton said: “This arrest comes after a vicious paramilitary style attack on a man in the Creggan area earlier this month.“Paramilitary style attacks are barbaric and despite claims from the groups responsible that they are protecting their communities, they are only ever about people cementing their own status and control over their communities. We are committed to tackling all types of violence linked to paramilitaries and will continue to work in partnership with local agencies, residents and community representatives to keep people safe.” Homepage BannerNewslast_img read more