IIF: EU plan to share default burden is the right strategy

first_img whatsapp A EUROPEAN mechanism to share the burden of potential defaults with the private sector is a “step in the right direction,” the Institute of International Finance (IIF), a bank lobbying group, said yesterday.Private creditors must be involved in debt restructuring negotiations since the very beginning, however, and their role in the process still needs to be clarified, the IIF said.Eurozone finance ministers agreed last weekend that sovereign bonds issued as of 2013 would carry collective action clauses (CAC), an instrument that allows a country to restructure its debt with the agreement of only a certain percentage of creditors.“Collective action clauses are very positive, given their history,” said IIF board member William Rhodes, who is also chairman of Citigroup.“Mexico in 2002 was the first country to put them in. They did it on a voluntary basis when they had good market access, and they did it because they thought that was a prudent and correct thing to do,” Rhodes said. Investors and ratings agencies have expressed concern about the new European rules for handling debt crises as of 2013. Many investors were rattled by the new mechanism as it puts an end to the era of automatic sovereign bailouts. Thursday 2 December 2010 8:20 pm Show Comments ▼ Share IIF: EU plan to share default burden is the right strategy center_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com KCS-content Tags: NULLlast_img read more

East African Breweries Limited (EABL.ug) 2019 Abridged Report

first_imgEast African Breweries Limited (EABL.ug) listed on the Uganda Securities Exchange under the Beverages sector has released it’s 2019 abridged results.For more information about East African Breweries Limited (EABL.ug) reports, abridged reports, interim earnings results and earnings presentations, visit the East African Breweries Limited (EABL.ug) company page on AfricanFinancials.Document: East African Breweries Limited (EABL.ug)  2019 abridged results.Company ProfileEast African Breweries Limited produces and distributes a range of beer and spirit brands and non-alcoholic beverages for local consumption in Uganda. Popular brands include Tusker Malt Lager, Tusker Lite, Guinness, Pilsner, White Cap Lager, Allsopps Lager, Balozi Lager, Senator Lager, Bell Lager, Serengeti Premium Lager, Johnnie Walker, Smirnoff, Kenya Cane, Chrome Vodka and Ciroc. East African Breweries has operations in Kenya, Uganda, Tanzania and South Sudan; and exports alcoholic and non-alcoholic beverages to Rwanda, Burundi and the Great Lakes region. Subsidiary companies include Kenya Breweries Limited, Uganda Breweries Limited, East African Breweries (Mauritius) Limited, International Distillers Uganda Limited and East African Maltings (Kenya) Limited. Established in 1922, the group has its headquarters in Ruaraka, near the capital of Nairobi. East African Breweries Limited is listed on the Uganda Securities Exchangelast_img read more

Why I’d avoid this dividend-raising FTSE 250 stock and what I’d buy instead

first_img Image source: Getty Images Our 6 ‘Best Buys Now’ Shares See all posts by Kevin Godbold Enter Your Email Address “This Stock Could Be Like Buying Amazon in 1997” 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. Given the state of the general stock market this morning, it’s no surprise to see the Clarkson (LSE: CKN) share price down nearly 7% today, as I write. I reckon three things could be affecting the shipping services stock.First, it’s probably dropping because of general uncertainties and sentiment about the COVID-19 coronavirus and how the outbreak might affect the world economy. Second, shares often fall on the day a company releases its full-year results report. Unless there’s outstanding and unexpected good news in the report, falling on the day is often a ‘thing’.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…And the third possibility is that the report may contain some negative news that the market wasn’t expecting or which wasn’t already baked into the share price. Let’s dig in to find out.A short-term hit to businessThere is indeed a negative. Chief executive Andi Case said in the report that Covid-19 will “impact” the firm’s first-half performance in 2020. So, there are no ifs or buts about that. The coronavirus is causing real economic damage to companies such as Clarkson. This makes me believe the stock market is being rational with its bearish recent moves.However, Case goes on to say that the company started 2020 with a stronger order book than the year before. And over the medium term, he reckons the “environmental regulatory drivers and supply demand dynamics in the shipping industry are favourable” and he has “confidence” in the firm’s prospects.But I reckon the company’s niche in the market is highly cyclical. Clarkson says its integrated services and investment banking capabilities to the shipping and offshore markets facilitate global trade. And to me, that means the company’s fortunes are dependent on global trade and the entrepreneurial efforts of others. In that respect, its business reminds me of big banks such as Lloyds, Barclays and HSBC. These also facilitate the business of others.Good figuresFor what it’s worth, in 2019, revenue rose 7.5% compared to the prior year and underlying earnings per share increased by 13%. The directors pushed up the total dividend for the year by 4%, the 17th consecutive dividend rise. That’s a great achievement. But I wouldn’t look at Clarkson as a dividend-led investment and buy the stock purely to harvest that income stream.The reason is that although the share price has risen a lot over the past 17 years, it’s been moving essentially sideways for the past six or so. And I reckon that’s probably happened because Clarkson has an over-valuation problem. Indeed, with the share price near 2,275p, the forward-looking earnings multiple is just under 18 for 2020 and the anticipated dividend yield is 3.6%.Meanwhile, City analysts have pencilled in a low, double-figure percentage increase in earnings for the current trading year. But I reckon if a global downturn really gains traction, revised, lower forecasts could leave the valuation looking even loftier. In a scenario like that, I can only imagine the share price moving lower.My conclusion is the same as it was a year ago: I’d rather invest in a FTSE 250 tracker fund than in Clarkson. Why I’d avoid this dividend-raising FTSE 250 stock and what I’d buy insteadcenter_img Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Kevin Godbold | Monday, 9th March, 2020 | More on: CKN 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 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. Simply click below to discover how you can take advantage of this. Kevin Godbold has no position in any share mentioned. The Motley Fool UK has recommended Barclays, HSBC Holdings, and Lloyds Banking Group. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.last_img read more

Church of Sweden, Episcopal Church celebrate partnership and common mission

first_img Family Ministry Coordinator Baton Rouge, LA Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Rector Knoxville, TN Assistant/Associate Priest Scottsdale, AZ Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Submit a Press Release Cathedral Dean Boise, ID November 22, 2015 at 7:00 am Since 2010, the Church of Denmark is no longer an observer but rather a full member of the Porvoo Communion. See, e.g., http://eurobishop.blogspot.com/2010/10/church-of-denmark-signs-porvoo.html Assistant/Associate Rector Washington, DC Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Bishop Diocesan Springfield, IL Rector Tampa, FL Anglican Communion, Featured Events Tags New Berrigan Book With Episcopal Roots Cascade Books Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Youth Minister Lorton, VA Submit a Job Listing Assistant/Associate Rector Morristown, NJ Press Release Service Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab [Episcopal News Service] The longstanding partnership between The Episcopal Church and the (Lutheran) Church of Sweden was formally celebrated during a Eucharist service at Uppsala Cathedral on Nov. 18 at the close of the church’s General Synod.Former Episcopal Church Presiding Bishop Katharine Jefferts Schori joined the celebration, during which Church of Sweden Archbishop Antje Jackelén offered a prayer for The Episcopal Church and Jefferts Schori offered one for the Church of Sweden.“The relationship between the Svenska Kyrkan and The Episcopal Church has been a gift to both for nearly three centuries.  Recognizing and affirming that as a full-communion relationship will enable us to be far stronger partners in God’s mission,” said Jefferts Schori, in an e-mail message following the service. “We share a great deal, beginning with histories of migration, and we have very similar ways of worship, doing theology, and engaging ecumenical and interreligious dialogue.“This is a living partnership which will undoubtedly grow far deeper in coming years, particularly in this season in ministry with migrants, where we meet Jesus in the other.”The Episcopal Church and the Church of Sweden have for centuries have been in relationship.“The churches have had good relations for quite a long time,” said Jackelén, in a news clip. “We have taken it for granted. Now we feel it is time to look into the process and see how we can further our partnership.”The relationship between the two churches dates to the mid-18th century, when in Delaware, New Jersey and Pennsylvania there were some instances of Eucharistic sharing and priests serving across denominations without re-ordination.“Both churches are actively involved in the striving for greater unity between Christians in the ecumenical movement,” according to a declaration read during the Nov. 18 service. “We desire to deepen this fellowship. We ask God at this moment to bless this undertaking and give the Episcopal Church and the Church of Sweden the grace to serve the Gospel of Jesus Christ together when it is called for. We will pray for each other.”During her nine-year term as presiding bishop, Jefferts Schori, whose great-grandparents emigrated from Sweden to the United States in the late 19th century, visited the Church of Sweden several times and encouraged the relationship and cooperation between the two churches to be deepened.During a Nov. 15-18 visit to Sweden, she was joined by the Rev. Chuck Robertson, canon to the presiding bishop for ministry beyond The Episcopal Church, and the Rev. Margaret Rose, ecumenical and interreligious officer for The Episcopal Church. Earlier in the week, they attended the Church of Sweden’s General Synod and visited Katerina Church in Stockholm, which is working with the local mosque and Islamic Relief to house refugees and provide immigration assistance.Representatives of both churches met at the close of they synod to speak not just about the past, but also the future, said Rose, in an e-mail message.“How to learn from each other in the area of interreligious relations, partnership with the Evangelical Lutheran Church in America and the Swedish churches abroad, discussing questions of church state relations,  refugee resettlement,  gender justice and the continuation of our shared  work on climate change,” she said. “The Church of Sweden shares a liturgical  and  governance  tradition that is akin to ours. In these challenging times, we are both looking at the call of the Gospel to challenge  our churches’ engagement in a world beyond our walls.”The 78th General Convention, meeting last summer in Salt Lake City, commended through Resolution B004 the recently published “Report on the Grounds for Future Relations Between the Church of Sweden and The Episcopal Church,” and called on the presiding bishop to explore ways for the relationship with the Church of Sweden to be deepened.Each church has entered into local full-communion agreements between Anglicans and Lutherans and many regard it as a natural development for the Church of Sweden and The Episcopal Church to recognize that they are in full communion with one another. “The recognition of this relationship will better equip each international church to minister in presence, mission, and advocacy throughout the world,” according to the explanation that accompanied the proposed General Convention resolution.The Church of Sweden is a member of the Porvoo Communion, which groups the British and Irish Anglican churches and the Nordic and Baltic Lutheran churches that entered into a full communion agreement in 1992 to “share a common life in mission and service.”The churches that signed the agreement are the Evangelical Lutheran churches of Estonia, Finland, Iceland, Lithuania, Norway, Sweden, and the Anglican churches of England, Ireland, Scotland and Wales. The Lusitanian Church in Portugal and the Reformed Episcopal Church of Spain — both extra-provincial dioceses under the authority of the Archbishop of Canterbury — also signed onto the agreement. The Evangelical Lutheran churches of Denmark and Latvia have observer status.The name Porvoo comes from the town in Finland where a joint celebration of Holy Communion was held after the formal signing of the agreement in Järvenpää.With 6.9 million members in 13 dioceses, the Church of Sweden — known locally as Svenska Kyrkan — is the world’s largest Evangelical Lutheran Church and a member of the Lutheran World Federation.— Matthew Davies is an editor/reporter for the Episcopal News Service. Featured Jobs & Calls Associate Priest for Pastoral Care New York, NY Rector/Priest in Charge (PT) Lisbon, ME Rector Shreveport, LA Rector Albany, NY center_img Curate Diocese of Nebraska Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Church of Sweden, Episcopal Church celebrate partnership and common mission Priest-in-Charge Lebanon, OH Rector Pittsburgh, PA Comments are closed. Course Director Jerusalem, Israel Canon for Family Ministry Jackson, MS Rector Collierville, TN Director of Music Morristown, NJ Rector (FT or PT) Indian River, MI Comments (1) Missioner for Disaster Resilience Sacramento, CA Rector Martinsville, VA Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET By Matthew DaviesPosted Nov 20, 2015 Submit an Event Listing Associate Rector for Family Ministries Anchorage, AK AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Rector and Chaplain Eugene, OR Rector Belleville, IL Rector Washington, DC David Cornell says: Priest Associate or Director of Adult Ministries Greenville, SC Associate Rector Columbus, GA Director of Administration & Finance Atlanta, GA An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Rector Bath, NC Curate (Associate & Priest-in-Charge) Traverse City, MI Ecumenical & Interreligious Rector Hopkinsville, KY Rector Smithfield, NClast_img read more

Former Wal-Mart manager and well-known community leader joins Apopka firm

first_img UF/IFAS in Apopka will temporarily house District staff; saves almost $400,000 Gov. DeSantis says new moment-of-silence law in public schools protects religious freedom Please enter your comment! Share on Facebook Tweet on Twitter LEAVE A REPLY Cancel reply Graham joins World Class InstallationsSpecial to The Apopka VoiceVern Graham has joined Apopka-based World Class Installations as General Operations Leader.  He comes to this role having retired earlier this month from Wal-Mart, where he was part of the management team for more than 25 years.“I am very excited about this new opportunity,” says Vern.  “Ken and the team at World Class Installations have managed to achieve impressive growth without ever losing the original focus on customer service with which Ken founded the company.  I look forward to sharing my expertise as they continue this journey.”Vern Graham has joined Apopka-based World Class Installations as General Operations Leader.Vern joined Wal-Mart in 1991 as Assistant Manager in Valdosta, Georgia where he worked for three-and-a-half years before becoming Co-Manager for the store in Waycross, Georgia.  Less than three years after joining the company, Vern received the Sam Walton’s Excellence in Leadership award.  The following year he was promoted to Store Manager with the Apopka store, where he remained for over 21 years, overseeing a team of approximately, 450 employees, until transferring as Operations Co-Manager to the John Young store in southwest Orlando this past year.  Under Vern’s leadership, the Apopka store received the “Top Sales” award, a company recognition rewarding top volume stores in the country, for four consecutive years.Prior to Wal-Mart, Vern served in the United States Air Force from 1986-1990, where his dedication to excellence was also recognized.  He received Airman of the Month and Excellence in Education awards during his tenure.“In addition to the depth and breadth of his professional background, Vern brings an extraordinary vision and passion for people that will fit well with the company culture here at World Class Installations,” said WCI President and Founder Ken Croston.  “I have known Vern for many years and believe his extensive management experience will round out our leadership team and position us well for the continued growth we are experiencing.  I am honored he has chosen to join our team.”Vern is well-known in the Apopka Community.  A dedicated servant leader, he has received numerous awards and recognitions, including one near and dear to his heart, “Appreciation for Community Involvement in the City of Apopka by Mt. Olive SDA Church.”  Vern also served on the Apopka Area Chamber of Commerce board of directors for many years before his transfer to the John Young store.  During his time with the chamber, he was recognized as a Businessman of the Year and also received the Burnie Roberts Award, an annual award bestowed on a member dedicated to working unselfishly and tirelessly on behalf of the Chamber.Vern and his wife, Janice, have been married for 30 years and have lived in Apopka since they first moved here in 1995.  They have four children and one heavenly angel, Quenton, who went home to our Lord in 1997.Vern received his Associate of Arts Degree in Business Administration from South Georgia College and his Bachelor of Business Administration in Management Degree from Valdosta State College.World Class Installations, Inc. is known worldwide as the leading choice for electronic lodging locks and parts.  WCI stocks Onity, VingCard, Saflok and many other hotel lock systems and also stocks and supplies electric strikes, magnetic locks, card readers, and even biometrics. WCI is the one-stop shop for all your electronic locksmithing services and lock repair needs. TAGSWorld Class Installations Previous articleDisaster Recovery Center opens in ClermontNext articleHere’s why your local TV news is about to get even worse Denise Connell RELATED ARTICLESMORE FROM AUTHOR 1 COMMENT November 16, 2017 at 3:57 pmcenter_img Florida gas prices jump 12 cents; most expensive since 2014 Reply Mama Mia Please enter your name here You have entered an incorrect email address! Please enter your email address here Save my name, email, and website in this browser for the next time I comment. Where is World Class Installations? I haven’t ever heard of it…..last_img read more

Pork Board Promotes Pork as #1 Global Protein Choice

first_img By Andy Eubank – Sep 28, 2020 Home Indiana Agriculture News Pork Board Promotes Pork as #1 Global Protein Choice SHARE SHARE Audio Playerhttps://www.hoosieragtoday.com//wp-content/uploads//2020/09/New-pork-passport-program-launched.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.The National Pork Board has launched a new consumer marketing campaign called Pork as a Passport, a campaign that celebrates pork’s position as an authentic, global protein.Pork Checkoff Domestic Marketing Vice President Angie Krieger says the campaign elevates the at-home cooking experience.“Pork is a Passport is our launch campaign for the Real Pork master brand, and what we intend to do through the Passport campaign is celebrate pork’s position as the number one protein in the global community,” she said. “So, while pork is not the number one protein consumed here in the U.S., we think it should be, because around the world, a lot of consumers enjoy it. So, it’s also going to help us encourage some small adventures through a culinary way for weary quarantine cooks. A lot of folks have not been eating out yet due to COVID concerns and certainly people aren’t traveling as much as they usually do, but we want our home cooks to know that they can enjoy delicious pork dishes from around the world.”If you hadn’t yet heard of this, it is the first consumer outreach effort that is part of the Pork Checkoff’s Real Pork master brand.“And the purpose of Real Pork is to celebrate the authenticity and responsibility of our industry and talk to consumers about our industry from farm-to-fork in a way that we never have before,” Krieger said. “We chose Passport as our first campaign for that because of the affinity that consumers have for flavor. And through those global flavors, then we can weave in some of these other really important brand truths, like how pork can connect our families through food. And we’re also going to highlight some of our producers through connecting them with global chefs.”Krieger says it is important for producers to understand the insight that went into the development of the Pork as a Passport campaign.“We know that there are more and more consumers today, and especially younger consumers, so the younger millennials and those in Generation Z which are the older teens and young adults right now,” she explained. “They are asking a lot of questions about their food. They want to know more about how food is raised, and they want to know where their food comes from. COVID certainly highlighted some issues with the supply chain and that raises even more questions. And so, as we launched Real Pork and start talking to consumers about that, Pork as a Passport was something that resonated really well in our consumer testing. And so, we are making sure that we lean into those global flavors to talk to consumers about a variety of messages.”See more at www.pork.org/realpork and the National Pork Board’s Facebook, Instagram, Twitter and Pinterest accounts.(Photos courtesy National Pork Board) Pork Board Promotes Pork as #1 Global Protein Choice Facebook Twitter Facebook Twitter Previous articleUS-UK Trade Talks Progress, Another Round Scheduled for OctoberNext articleStrong Early Yields in Southern Indiana Andy Eubanklast_img read more

Is It Worth Going For A Long Drive On A Patent Prosecution Highway?

first_imgColumnsIs It Worth Going For A Long Drive On A Patent Prosecution Highway? Saransh Chaturvedi17 Sep 2020 1:41 AMShare This – xThe advent of information technology does help the world to get closer to each other. These mutual interconnections have invariably solved various contentious problems that would otherwise be difficult to address. The intellectual property regime is witnessing a constant increase in the pressure of disposing various applications that have been filed at various domestic offices…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?LoginThe advent of information technology does help the world to get closer to each other. These mutual interconnections have invariably solved various contentious problems that would otherwise be difficult to address. The intellectual property regime is witnessing a constant increase in the pressure of disposing various applications that have been filed at various domestic offices across the world. The intellectual property, consist in them an economic value which increases its stake. Nevertheless, in spite of it being at the priority, the average time taken to grant a patent is roughly 25-30 months. This shows the pressure on the part of the patent office regarding the conduct of examination and others process required. Seeing this, various initiatives have been advocated at the global level to shorten the period of granting patent. One such initiative being very famous is that of patent cooperation treaty (PCT). The PCT process does help the applicant in seeking the patent protection internationally and assist the patent office with their decision by providing the valid information regarding examination and search reports. But to this, another very important development of the recent times is that of Patent Prosecution Highway (PPH) developed by United States Patent and Trademark Office (USPTO). This concept primarily works on the premise on having a bilateral linkage of two patent offices to alleviate the burden of work. Through this the second patent office take advantage of the work that has already been completed in the first patent office. This helps in reducing the burden on the patent office and moreover it allows an expedited patent examination in a second patent office when a corresponding claim has already found patentable in the first office. This way the second patent office needs not to undergo repetition of search and examination resulting in an expedited process. The first patent office is generally known as office of earlier examination (OEE) or Office of First Filing (OFF) and the second patent office is called as office of later examination (OLE) or Office of Second Filing (OSF). The first PPH was developed between USPTO and Japan Patent office as a pilot program that began on July 3, 2006, which was implemented on a full time and permanent basis on January 4, 2008. Requirements under USPTO Talking especially about USPTO, one can get the idea of PPH works. Not all applications are eligible to enter US through PPH to which USPTO gives several requirement for the applicants. It specifically bars those applicants to enter through PPH route where a substantive examination of the application has already been started. By substantive examination, it means that where the examiner have started the first action on the merit and not a mere notice of a missing part. The application filed in US must be sufficiently related to the application in the OEE. There should be at least one claim that should correspond to OEE application and all claims mentioned must “sufficiently corresponds” to the allowable or patentable claims in the OEE. Moreover the filing date of the US application demanding the PPH route must also correspond to that of the filing date in the OEE. The literal interpretation of “sufficiently corresponds” is to consider same or similar scope as an allowable or patentable claim. This can bring us to analyze that the claims which have to be addressed in the OLE must be similar to OEE. This is much obvious since if there are other claims then the purpose of PPH won’t be solved. The aim is to take the work that has been already been completed by the OEE. Hence only those claims on which the work has been sufficiently rendered by OEE will be allowed to go for PPH. Here it is imperative to understand that same or similar scope must not be confused with those claims which introduce a new or different category of claims. Meaning thereby, if a claim in OEE correspond to process of manufacturing but the claim in OLE correspond to product, even if both are of same category will not be considered as sufficiently correspond. Will PPH be worthwhile? Well an opaque analysis does seem to put PPH applicants in an advantageous position for the purpose of an expedited examination. But there are various issues which seem to be unaddressed. There were various PPH being entered by USPTO with countries like UK, Canada, Korea, Australia, European patent office, Denmark etc. On a close analysis there is a difference in the participation requirement for the PPH for each country. Like for example, Japan requires the copies of the USPTO cited references but UK does not require that. Instead it requires submission of search and examination reports of USPTO. Canada requires that the application even of PPH must be made open to public. Korea was the first country among PPH participants which does not restrict participation to those applications that have not yet started the examination. These different requirements prove an uneven arrangement among the countries with the PPH. Another major issue that comes up is the difference in the ambit of allowable claims in the individual country. All the claims in the OLE must be limited to the scope of claims allowed in OEE. An applicant who has preferred a broader scope of claims might not be able to get through the PPH subject to varying patent laws applicable in the respective country. Moreover taking PPH route might be more costly to the applicant due to various filing requirement involving specific documents, writing letters and filing petition. One of the major reasons why not to choose the PPH route is the country specific alternative procedure already available in the respective country under their local patent law. Almost all the country does have some or the other procedure whereby it provides the applicant an option to speed up the examination process, if it is necessary. Canada has a Special Order Request whereby the applicant can request an urgent examination, failure to which will result in prejudice to the person’s rights. Under Section 2.13.4.3 of the Australian Patent Manual of Practice, the applicant can request an expedited examination with a legitimate reason. European Patent Office has a program called PACE in which it allows the applicant to have all examination and communication within tight deadline. Section 17.05.1 of UK Manual of Patent Practice too provides the applicant to get an accelerated search if adequate reason is being provided. If such an accelerated examination procedure is being given, it’s highly imperative to think why one should go to PPH and incur extra cost. On the contrary, one has to understand is that in every expedited examination request the applicant also needs to justify as to why he wants the same. And many applicants are content to let the examination proceed at a leisurely pace for various reasons. Many stakeholders argue the presence of PPH as parasitic to PCT. But one has to understand that even in the PCT system; the members do not have an opportunity to evaluate the claims that result from prosecution in partner states. This generally results in being distrustful of other’s countries’ examination procedure. Contrary to what happen in PPH, there always is an understanding between OLE and OEE, resulting in the development of trust in one’s other patentability decision. On the contrary, it can even be said that PPH fills the gap of PCT. Taking a long drive on PPH Since the advent of PPH, it has grown altogether. In a latest move, Intellectual Property office of Singapore and National Institute of Industrial Property of Brazil has launched a pilot PPH program from 1st May 2020. The Indian Union Cabinet in 2019, too, approved the proposal to enter it first pilot PPH program for three years with Japanese patent office as it first PPH program. As per the statistics in 2019, the USPTO allowance rate for applications that entered the PPH was 84%, as compared to allowance rate across all patent application which were 74%. In a move to bring this for a global consideration, USPTO launched two pilot programs- Global PPH and IP5 PPH in 2014. It specified that both will run concurrently and are substantially identical and the PPH request may be filed based on the work of any office participating in either pilot program. Through this program even the opinion of International Searching authority and International Preliminary Examining Authority issued within the PCT framework are allowed to be submitted for PPH only if the participating office has been the part of examining under PCT. Currently the Global PPH have 27 countries and IP5 have 5 countries as on June 2020. But on the other hand a report shows that from 2006 till 2018 fiscal year end, relatively fewer PPH request have been filed at USPTO. Approximately 55,000 PPH request has been filed at USPTO, while the total number of utility patent application filed in the same period is 6,824,912. This is because of some reason like high cost and applicant not allowed filing any further amendment which has been subsequently filed with PPH request. These things must be learned and rectified by countries which are planning to enter the PPH in the near future. As a part of its success, it is highly imperative to see how PPH program could benefit the developing countries in the wake of its disadvantages discussed above. Undoubtedly, it helps in having a quicker examination as opposed to the regular long process, but other aspects like that of claims and addressing local patent law remains dubious. An expedited examination is important but not as important as the right of an applicant. It will be interesting to see how it can benefit India in patent prosecution being in PPH with Japan. The result of this PPH might set an example for other developing countries to decide whether to get on board with PPH or not.Views are personal only. (Author is pursuing LL.M from Rajiv Gandhi School of Intellectual Property Law, IIT Kharagpur) Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

2.6% of properties in Donegal at risk of coastal flooding

first_img 2.6% of properties in Donegal at risk of coastal flooding Pinterest By News Highland – May 21, 2020 WhatsApp Journey home will be easier – Paul Hegarty Facebook RELATED ARTICLESMORE FROM AUTHOR Derry draw with Pats: Higgins & Thomson Reaction Twitter FT Report: Derry City 2 St Pats 2 Google+ Twittercenter_img Harps come back to win in Waterford DL Debate – 24/05/21 Pinterest Google+ AudioHomepage BannerNews Over €84 million of damage could be caused by coastal flooding in Donegal over the next three decades with 2.6% of the county’s homes and businesses at risk.A total of €2 billion euro in damage could be caused by coastal flooding impacting more than 70,000 Irish properties by 2050.The analysis, by data and mapping experts Gamma Location Intelligence, is based on the effects of climate change, with a two-degree rise in temperatures forecast.GLI scientist Richard Cantwell says low laying areas will be the worst impacted:Audio Playerhttps://www.highlandradio.com/wp-content/uploads/2020/05/cantwell1pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Facebook WhatsApp Previous articleDonegal Donkey Sanctuary launches Covid 19 Emergency AppealNext articleCalls for extortionate penalty clauses for businesses closing to be addressed News Highland News, Sport and Obituaries on Monday May 24thlast_img read more

Irish Water business customers in Donegal to receive new meters

first_img Harps come back to win in Waterford Irish Water business customers in Donegal to receive new meters By News Highland – April 24, 2018 News, Sport and Obituaries on Monday May 24th Pinterest Journey home will be easier – Paul Hegarty RELATED ARTICLESMORE FROM AUTHOR WhatsApp Google+ DL Debate – 24/05/21 Twitter Irish Water’s business customers in Donegal and Limerick are to receive new meters.The meters have in-built drive-by technology to allow for faster and more frequent meter readings, resulting in fewer estimated bills being issued to customers and will also provide data to Irish Water which will assist in identifying potential leaks at a business premises.The Regional Meter Replacement Programme was launched late last year and is currently ongoing in Sligo, Roscommon, and Galway.There is no charge to customers for the installation of the new meters.Water supply to businesses will be temporarily shut-off for approximately 15 minutes while the water meter is being replaced, however the utility say they will endeavour to keep the length of the water outage to a minimum.Irish Water say businesses will receive a reminder notification at least two days before the work is scheduled to begin and the project team will speak to the customer directly before interrupting supply.center_img Homepage BannerNews Google+ Previous articleUlster Bank asked to explain disappearance of money in accountsNext articleLast call for nominations for Derry and Strabane Sports Awards News Highland Important message for people attending LUH’s INR clinic Arranmore progress and potential flagged as population grows WhatsApp Twitter Facebook Pinterest Facebooklast_img read more

Yellow weather alert remains in place for Donegal with snow expected

first_img Facebook Yellow weather alert remains in place for Donegal with snow expected WhatsApp WhatsApp Twitter Google+ Pinterest By News Highland – December 28, 2017 RELATED ARTICLESMORE FROM AUTHOR Facebook Twitter Pinterestcenter_img A Yellow Alert remains in place for Donegal this morning as motorists are advised to exercise caution on the roads.Met Éireann say up to 3cm of snow is expected to fall between today and 6am tomorrow, especially on high ground.The AA’s Barry Aldworth says road users should check local weather reports and be aware of conditions before setting out on a trip.Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2017/12/weather830.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. News, Sport and Obituaries on Monday May 24th Community Enhancement Programme open for applications Loganair’s new Derry – Liverpool air service takes off from CODA Nine til Noon Show – Listen back to Monday’s Programme Homepage BannerNews Previous articleTourism Ireland launches latest Star Wars campaignNext articleMan who died in fatal collision in Dunfanaghy named locally as Sean Heraghty News Highland Google+ Arranmore progress and potential flagged as population grows Important message for people attending LUH’s INR clinic last_img read more