The Background. The Employee is employed by the Company under the terms of a contract dated 17th April 2012, headed “Statement of Main Terms of Employment.” The Employee’s employment with the Company will terminate on 4th October 2013, (“the Termination Date”).
The Background. On 23rd October 1997 the appellant issued a writ of summons indorsed with a statement of Claim. The allegation was that the xxxxxxxxx engaged the respondent as an insurance consultant agent and/or broker to secure Insurance Coverage for certain Contract Works, and on 21st October 1996 the respondent issued to the appellant a Cover Slip purporting to provide the said insurance coverage. The Cover Slip was alleged to contain the following statement: “Principal: To be advised as required by contract.”. On the faith of the said Cover Slip the appellant paid the premium. The statement of claim alleged that “as indicated in the Defendant’s letter to the Plaintiff dated 20th December 1996 at the time of the signing of the said Cover Slip, there was no principal in existence for whom the Defendant acted.@ It was further alleged that during the currency of the Cover Slip the appellant=s property was damaged by flood causing special damages of $724,776.25 and general damages. In its defence which was dated the 1st December 1997, the respondent admitted the arrangement but added the somewhat mysterious sentence at the end of the admission “The Defendant will refer to the said letter and Cover Slip at the trial for their full terms and effect.” In response to the crucial allegation that there was no principal in existence the respondent pleaded - “The Defendant admits that it wrote a letter dated 21st December, 1996 to the Plaintiff but denies the interpretation placed on the words of that letter by the Plaintiff. The Defendant will refer to the said letter at the trial of this matter for its full terms and effect.” The other allegations of the defence were denial that the premium had been paid and non admittance of the damage alleged to have been suffered. Against this background on 10th February 1998, the appellant applied for Summary Judgment on the ground that there was no defence to the claim except as to the amount of damages. The application was supported by affidavit which exhibited the letter of 21st October and Cover Slip, the letter of 20th December and a receipt showing part payment of the premium. The letter of 20th December, 1996 stated that the insurance companies on whose behalf the cover note was issued on 21st October 1996, agreed to go on risk on 25th October 1996, and that they subsequently denied liability. That letter amounted to an admission that at the time the cover note was issued the alleged principals had not consented to be bound. Not unsu...
The Background. In Tanzania neither a local Tanzanian nor a foreign company or person can own land as it is vested to the President as a ‘trustee’ but they own a term. The ownership is a timeframe referred to as a right to occupy ‘right of occupancy’. Right of Occupancy is the title or right given to a person (including a company) to use and occupy land. The term ranges from 33, 66 and 99 years; upon expiry, the term is renewable.
The Background. 1.1 Party A is a US NASDAQ listed company and has abundant resources in the global capital market. In particular, it has obtained in Hong Kong and the Cayman Islands a number of financial licenses, across securities, futures, insurance, derivatives, asset management, etc., industries, involving in mainstream investment products of the global financial markets.
The Background. The Trust is the custodian of the Materials. The Material is held with approval by a recognised research ethics committee established under and operating to the standards set out in the governance arrangements issued by the UK Health Departments. The Recipient wishes to use the Materials for a specified use described in Annex 1 of this agreement for a Scheduled Purpose pursuant to applicable legislation including but not limited to the Human Tissue Xxx 0000 and Data Protection Legislation. The Trust is willing to provide Materials on the terms and conditions of this Agreement and the Recipient agrees to comply with such terms and conditions.
The Background. 5. The first respondent is the owner of a 16.1 acre parcel of land at Northern Caye Lighthouse Reef and the second respondent is the owner of two islands known as Northern Two Cayes. Both properties are subject of Transfer Certificates of Title (dated 18 January 1980 and 21 November 1980 and registered in the Land Titles Register, Volume 22 Folio 8 and Volume 13 Folio 267 respectively). The first respondent developed and operated a tourist resort known as Lighthouse Reef Resort on the 16.1 acre parcel for some years and on 5 February 2004 the respondents agreed to sell the properties, fixed assets and intellectual property rights to the appellant for a consideration of US$10,000,000.00, payable as follows:
The Background. On 20 March 2014, Dongguan Xxx & Man, an indirect wholly-owned subsidiary of the Company, entered into the Existing Dongguan Agreements with Xxx & Man Manufacturing, which expired on 31 December 2016. On 10 February 2017, the 0000 Xxxxxxxx Finished Goods Agreement and the 0000 Xxxxxxxx Steam and Electricity Agreement were entered into between the Group and Xxx & Man Manufacturing Group. Each of the 0000 Xxxxxxxx Agreements has a term of three years commencing with effect from 1 January 2017 up to and including 31 December 2019. The Company confirms that the respective aggregate transaction amounts under each of the 0000 Xxxxxxxx Agreements incurred during the period from 1 January 2017 up to the date of those agreements is below the de minimis threshold set out in Chapter 14A of the Listing Rules. The 0000 Xxxxxxxx Agreements constitute continuing connected transactions of the Group and further details of these agreements are set out below.
The Background. Utilities supply agreement On 13 November 2014, the Utilities Supply Agreement was entered into between various members of the XLX Chem Group and Henan XLX (a wholly-owned subsidiary of the Company), pursuant to which Henan XLX has agreed to supply water, electricity and steam to such members of the XLX Chem Group. The Utilities Supply Agreement has a term commencing from 1 January 2015 up to and including 31 December 2016. equipment Purchase agreement On 13 November 2014, the Equipment Purchase Agreement was entered into between XLX Equipment and XLX Shenzhou (subsidiaries of XLX Chem) and Henan XLX, pursuant to which such members of the XLX Chem Group have agreed to supply Equipment which includes pipes, containers and high-pressure containers, to Henan XLX for the Group’s production. The Equipment Purchase Agreement has a term commencing from 1 January 2015 up to and including 31 December 2016. General accommodation and Catering agreement On 13 November 2014, the General Accommodation and Catering Agreement was entered into between Henan XLX and XLX Hotel (an associate of XLX Chem), pursuant to which XLX Hotel has agreed to provide accommodation and catering services to Henan XLX for general staff and guests located in Xiaoji Town, Xinxiang City of Henan province, the PRC. The General Accommodation and Catering Agreement has a term commencing from 1 January 2015 up to and including 31 December 2016. Lifting services agreement On 13 November 2014, the Lifting Services Agreement was entered into between XLX Lifting (a subsidiary of XLX Chem) and Henan XLX, pursuant to which XLX Lifting has agreed to provide machinery and equipment (on an as-needed basis) to be used for providing Lifting Services for the production operations of Henan XLX. The Lifting Services Agreement has a term commencing from 1 January 2015 up to and including 31 December 2016. new Lifting Lease agreement On 13 November 2014, XLX Lifting (a subsidiary of XLX Chem) and Henan XLX also entered into the New Lifting Lease Agreement, pursuant to which Henan XLX has agreed to lease machinery and equipment (on an as-needed basis) to be used by XLX Lifting. The New Lifting Lease Agreement has a term commencing from 1 January 2015 up to and including 31 December 2016. Each of the above Utilities Supply Agreement, Equipment Purchase Agreement, Lifting Services Agreement and General Accommodation and Catering Agreement will supersede the arrangements under the Existing Continuing Connected Transac...
The Background. The Paris Agreement follows on from two previous climate agreements made at the end of the last century: the 1992 UN Framework Convention on Climate Change and the 1998 Kyoto Protocol. Under the Kyoto Protocol, developed countries signed up to legally binding targets on greenhouse gas emissions. The protocol also includes the Clean Development Mechanism, through which developed countries fund projects in developing countries that would reduce overall global emissions while not making those reductions in their own countries. This is a form of what is known as carbon off-setting. The Paris Agreement is the first legally-binding climate change agreement that commits countries to emission reductions. It is viewed as fair because developed countries, who have benefited more from industrialization, have the responsibility to lead on the core actions of: Mitigation: the reduction of greenhouse gas emissions that cause climate change. Adaptation: adapting to climate change impacts on different areas of life such as what crops are grown, where to safely live and work, alongside building resilience for future scenarios Loss and Damage: support to those who face irreversible loss and damage due to current and locked-in climate change. global stock-take Finance: financial support from developed countries to developing countries to help them mitigate and adapt, while still having the chance to eliminate poverty through sustainable development as grounded in the Sustainable Development Goals. The Paris Agreement is historic because it commits global efforts to “holding the increase in the global average temperature to well below 2°C above pre-industrial levels and pursuing efforts to limit the temperature increase to 1.5°C above pre-industrial levels.” The IPCC has analysed that a 1.5°C temperature limit, in comparison to even a 2°C temperature limit, could prevent significant species extinction, human suffering and loss of life, as well as eco-system collapses that would include the irreversible melting of the Greenland ice cap and associated sea-level rise. All NDCs are available on the UNFCCC database. Under the Paris Agreement, each country defines its climate action in Nationally Determined Contributions (NDCs) which are updated and submitted every 5 years. NDCs provide mitigation targets and projects, adaptation goals and programmes, commitments on finance to be provided by developed countries and needed by developing countries, and the required technology and cap...
The Background. A brief overview
