Vivo Energy Mauritius Limited (SHEL.mu) 2008 Annual Report

first_imgVivo Energy Mauritius Limited (SHEL.mu) listed on the Stock Exchange of Mauritius under the Energy sector has released it’s 2008 annual report.For more information about Vivo Energy Mauritius Limited (SHEL.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the Vivo Energy Mauritius Limited (SHEL.mu) company page on AfricanFinancials.Document: Vivo Energy Mauritius Limited (SHEL.mu)  2008 annual report.Company ProfileVivo Energy Mauritius Limited is a subsidiary of Vivo Energy Mauritius Holdings B.V. and offers liquefied petroleum gas in various cylinder sizes and bulk for domestic, commercial and industrial applications, supplies transport and industrial fuels, lubricants and greases to business-to-business customers. In addition, the company provides a range of lubricants for the automotive, marine, and industrial applications as well as markets aviation jet fuel, provides marine fuel oil, marine gasoil, and shell lubricants. Vivo Energy Mauritius Limited is listed on the Stock Exchange of Mauritius.last_img read more

Avacta exploded higher, and I’m finding other strong-performing shares too

first_img Image source: Getty Images. Kevin Godbold has no position in any share mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Avacta exploded higher, and I’m finding other strong-performing shares too Kevin Godbold | Tuesday, 26th May, 2020 | More on: AVCT 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. Click here to claim your copy of this special investment report — and we’ll tell you the name of this Top Small-Cap Stock… free of charge! Adventurous investors like you won’t want to miss out on what could be a truly astonishing opportunity…You see, over the past three years, this AIM-listed company has been quietly powering ahead… rewarding its shareholders with generous share price growth thanks to a carefully orchestrated ‘buy and build’ strategy.And with a first-class management team at the helm, a proven, well-executed business model, plus market-leading positions in high-margin, niche products… our analysts believe there’s still plenty more potential growth in the pipeline.Here’s your chance to discover exactly what has got our Motley Fool UK investment team all hot-under-the-collar about this tiny £350+ million enterprise… inside a specially prepared free investment report.But here’s the really exciting part… right now, we believe many UK investors have quite simply never heard of this company before! On 3 April, the Avacta (LSE: AVCT) share price stood close to 20p. Today, it’s near 182p. You don’t need me to tell you how holding the stock could have transformed your portfolio.The biotechnology company’s share price exploded higher when it announced an agreement with Cytiva to develop a saliva-based rapid antigen test to indicate whether a person has the Covid-19 infection.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…Then, on 20 May, Avacta revealed it had entered a “global, exclusive, direct-to-consumer sales and marketing” agreement for its Covid-19 antigen test with Medusa 19 Ltd.A substantial market for the Avacta testAvacta’s chief executive, Dr Alastair Smith, said in the recent update the potential size of the market for the firm’s saliva test is “substantial.” He reckons the demand will come from businesses for workforce screening as well as directly from consumers.It seems like a no-brainer to expect these tests to fly off the shelves in the current pandemic. But it remains unclear how profitable sales will be. And the company has invested significant sums of money into getting the test off the ground. Meanwhile, the coronavirus will only run for so long. The R (reproduction) value of the virus has been falling, and the market for tests could vanish if a vaccine arrives.If I’d been lucky enough to have been holding shares in Avacta through the recent rises, I’d take at least some of my money off the table now and possibly all of it. I reckon investing can be at its best if we aim to run to where the ball is going rather than where it is now. For me, that means looking at other opportunities today.And I’ve been finding some strong-performing shares in the stock market recently. Luckily, many haven’t exploded up so far and as fast as Avacta. But the trends are up, driven by resilient underlying business performance.A stock-picker’s marketI reckon it pays to be selective though. It’s true that lockdowns are easing and many businesses can soon resume trading, such as retailers. But a world with coronavirus will be different, and that looks set to lead to reduced revenue and profits for many companies. Meanwhile, there are some sectors with uncertain futures, such as the hospitality industry and travel.However, other sectors are doing well, such as IT, computing, healthcare, food supplies and others. In many cases, business hasn’t been affected much by the crisis and has sometimes been enhanced by it.Right now, I like the look of shares such as Avast, Beeks Financial Cloud, Codemasters, Faron Pharmaceuticals, Genus and Sage, to name but a few. But don’t buy the shares without first researching and analysing the underlying business though.If you like what you’re seeing after doing your own research, I reckon you’ll find other attractive opportunities in the sectors I’ve mentioned. And promising shares in other sectors too. Good hunting!center_img I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Simply click below to discover how you can take advantage of this. Our 6 ‘Best Buys Now’ Shares Enter Your Email Address The high-calibre small-cap stock flying under the City’s radar See all posts by Kevin Godboldlast_img read more

Is FTSE 250 oil stock Petrofac a long-term investment or a share to avoid?

first_img 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. The high-calibre small-cap stock flying under the City’s radar Image source: Getty Images. FTSE 250 oil stock Petrofac (LSE:PFC) is back in the headlines for less than positive reasons. The oil services company has been under investigation by the Serious Fraud Office (SFO) since May 2017. And this week the Abu Dhabi National Oil Company (ADNOC Group) suspended it from competing for new awards until further notice. That caused the Petrofac share price to plummet.Petrofac share price volatilityThe Petrofac share price has fallen 90% in the past five years. Its biggest plunge came in 2017, after the investigation kicked off. But it’s endured its fair share of volatility over the past year too. The shares are now 56% below their 52-week high. While Petrofac may have made money for a few savvy day traders, it’s been a dire investment for those with a long-term outlook.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…Petrofac’s price-to-earnings ratio is around 6, earnings per share are 15p and it cancelled its final dividend last year. Kirsteen has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Adventurous investors like you won’t want to miss out on what could be a truly astonishing opportunity…You see, over the past three years, this AIM-listed company has been quietly powering ahead… rewarding its shareholders with generous share price growth thanks to a carefully orchestrated ‘buy and build’ strategy.And with a first-class management team at the helm, a proven, well-executed business model, plus market-leading positions in high-margin, niche products… our analysts believe there’s still plenty more potential growth in the pipeline.Here’s your chance to discover exactly what has got our Motley Fool UK investment team all hot-under-the-collar about this tiny £350+ million enterprise… inside a specially prepared free investment report.But here’s the really exciting part… right now, we believe many UK investors have quite simply never heard of this company before! Kirsteen Mackay | Saturday, 20th March, 2021 | More on: PFC Risks to capitalBeing investigated for fraud is never a good look, and this has seriously damaged the FTSE 250 company’s reputation. Former senior Petrofac executive David Lufkin pleaded guilty to 14 bribery offences, and the investigation is still ongoing. It may conclude in the next year, or the SFO could make further unpleasant discoveries.While I imagine the company is now being run in a more transparent manner, until the investigation ends, this oil stock is a risky investment. There are plenty of safer alternatives for me to invest in.Unfortunately, prior to the fraud investigation, Petrofac was already losing money on its engineering and construction projects because its margins were thin. For instance, in Sullom Voe, Shetland, it lost £284m on the construction of a gas plant because terrible weather and poor planning meant the project overran.Covid-19 also threw a spanner in the works. It led to disruption across the board, problems with its supply chain, and a pause on construction activity.Overall, Petrofac’s order book fell 31% between January and November. It managed to save around $125m in costs through the year, but its net debt has risen. This soared from $29m to $272m in just five months. It has a decent cash reserve, but if the fraud investigation results in fines, that could soon be depleted.Speculative rewardsThe company also brings in a smaller revenue stream from design, support, maintenance, and training. Unfortunately, its training centres were affected by the pandemic. Nevertheless, it has been restructuring, cutting staff, and paying down debt. Now, with the oil price looking steadier, there’s scope for the company to forge a comeback. Some good news came this week when Petrofac secured a one-year contract extension worth around $80m with a key client in Iraq. This is a facility where it’s now operated for over eight years.While the ADNOC ban is very frustrating for the company, it will allow it to continue execution on two Engineering, Procurement, and Construction projects in the UAE that are already under construction.So, for those bullish investors who believe Petrofac has what it takes to overcome all the adversity and ride off far into the sunset, then of course fortunes could be made. But that’s a big if. And when I’m investing on hope rather than fundamental knowledge, it amounts to nothing more than speculative gambling. I won’t be buying. Click here to claim your copy of this special investment report — and we’ll tell you the name of this Top Small-Cap Stock… free of charge!center_img Enter Your Email Address For regular stock market investing ideas and help choosing the best shares to buy now, sign up to The Motley Fool today. Is FTSE 250 oil stock Petrofac a long-term investment or a share to avoid? Our 6 ‘Best Buys Now’ Shares Simply click below to discover how you can take advantage of this. 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. See all posts by Kirsteen Mackaylast_img read more

Daily news from New Zealand – 12 September – Video

A few of Romania’s many fansThe Rugby World Cup 2011 official YouTube channel will be releasing daily videos to give you the chance to be part of the experience no matter where you are in the world. It allows you to follow the progress of the tournament, plus look at other things to do while in New Zealand.Today RWC Daily meets the fans to see how they are enjoying the tournament so far. Plus catch up with Romania after their opening performance against Scotland. They are now in Queenstown preparing for their upcoming game against Argentina in Invercargill on Saturday, 17 September.With the opening weekend over, they provide you with an injury update…– Digby Ioane has suffered a broken thumb– Taufa replaces injured Holani for Japan– Matfield and deVilliers out against Fiji– Courtney Lawes cited Don’t forget to put your questions to @AskBuck 11 September |   10 September |    9 September |    8 September |   7 September LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS INVERCARGILL, NEW ZEALAND – SEPTEMBER 10: Romania fans celebrate during the IRB 2011 Rugby World Cup Pool B match between Scotland and Romania at Rugby Park Stadium on September 10, 2011 in Invercargill, New Zealand. (Photo by Teaukura Moetaua/Getty Images) read more

Casa Tabique / Alejandro D’ Acosta

first_img “COPY” ArchDaily Casa Tabique / Alejandro D’ AcostaSave this projectSaveCasa Tabique / Alejandro D’ Acosta Architects: Alejandro D’ Acosta Area Area of this architecture project Casa Tabique / Alejandro D’ Acosta Area:  196 m² Year Completion year of this architecture project CopyHouses, Renovation•La Paz, Mexico Save this picture!© Willem Schalkwijk+ 30 Share Houses 2009 Mexico Year:  “COPY” Photographs Projects Photographs:  Willem Schalkwijk Architect In Charge:Alejandro D’acosta Lopez, Claudia Turrent RiquelmeCollaborator:Miguel Angel Cuesta OrtegaIndustrial Design:Adrian SchalkwijkConstruction:Diego Camacho S.A. Y Maestro FelixStructural Engineer:Diego Camacho S.A.City:La PazCountry:MexicoMore SpecsLess SpecsSave this picture!© Willem SchalkwijkRecommended ProductsEnclosures / Double Skin FacadesIsland Exterior FabricatorsCurtain Wall Facade SystemsWoodGustafsWood Veneered Wall & Ceiling PanelsPorcelain StonewareGrespaniaPorcelain Tiles- CoverlamWoodEGGERLaminatesText description provided by the architects. Since the eighteenth century , the urban layout of La Paz remains constant. In the early nineteenth century had a greater development defined typology and morphology. Currently , it is a space that still retains a significant portion of its historic buildings , sobriety and constant examples sencillez.La remoteness from major mainland cities and isolation in general as a result had an apparent delay in the physical transformation of La Paz to the Porfirian era when he received a strong influence of afrancesamiento driven by Diaz. It should be noted this trend in the use of the overcooked septum schemes middle courtyard and verandas using flared at the ends , as well as aversion to services integrados.La orthogonal layout of the city in batches of 150 yards , which defined both the scale and the size are worth appreciating today , even with family subdivisions that look all the time.Save this picture!Lower Floor Plan+ 30The historic homeThe house septum La Paz, located six blocks from the boardwalk, in a residential area of the era of Porfirio Diaz, has three bays and some annexes ( kitchen and service ) as well as some elements of later times lets affecting historical scheme, so the first thing was: rid the building of its anachronistic additions, to restore it in the manner authorized by the INAH, based on the letter of Athens.Save this picture!© Willem SchalkwijkWhen starting this work we found that had different uses over time : first, housing was, then, a primary school and eventually became a brothel. Such uses an image created in memory and still remember some recent atrocities that occurred in the house . In fact, to ask the neighbor to allow us to repair the adjoining fence we had to send an architect woman, and did not get us, who narrated memories connoted only supports have heard in a sleepless night.When restoring the main corridors were not only the well and the original kitchen, but the old blackboards thirties obviously belonging to school age. In addition, we did our best to restore the original spirit of the property in respect of the street. Thus, we proposed to buy a batch that had been lost, which we, along with exceptional tamarind. Unfortunately it is the last house on the block that still has these features, but to restore it evoked the memory of former neighbors .Save this picture!Section BBProblemsThe new space required composite elements : residential use and office space, it determined that the functions were divided into sections to create intimacy between the different areas and architectural themes .Save this picture!© Willem SchalkwijkThe old building for offices or law firms are retained, then the kitchen and foyer, which use shared this with the stay was also started . To give drive, the path is restored based on existing traces, arming it with palm. This was extended to the new bay in order to give unity both use morphology also a second level for contemporary annex was designed with space game and, as a driving link, the master bedroom is located on the ground floor and services at the top end, which helps cushion the boundary with independent access.There is a pool emerging from the garden floor as sculptural remnant, evoking the ancient troughs of the services of the houses of the period .Save this picture!© Willem SchalkwijkTypologyIn this project resulted critical materials such as annealed red brick, and the proportions of the spaces . The partition – particularly his red- served as a binder and unique theme typological unit.The idea was not to cut the septum and not use the traditional way, but do it in different ways to define the personality of each space. It was the type of partition respect the historic building, but inserting elements of contemporary design and local materials.Save this picture!© Willem SchalkwijkResultThe result of the strict combination of materials, with proper use, both in proportion and expression, resulting in this creative exercise a plastic travel between the different textures and shapes, enriched by aesthetic rigidity as based on color a dialogue that travels in time, upsetting the different elements of memory.Save this picture!© Willem SchalkwijkProject gallerySee allShow lessVideo: Alison And Peter Smithson On HousingArchitecture NewsM-House / TOFUSelected Projects Share ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/787595/casa-tabique-tac-taller-de-arquitectura-contextual Clipboard ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/787595/casa-tabique-tac-taller-de-arquitectura-contextual Clipboard CopyAbout this officeAlejandro D’ AcostaOfficeFollowProductsWoodBrick#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesRefurbishmentRenovationLa PazTop100MexicoPublished on December 17, 2014Cite: “Casa Tabique / Alejandro D’ Acosta” 17 Dec 2014. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogFaucetshansgroheKitchen Mixers – Aquno Select M81Vinyl Walls3MVinyl Finishes in HealthPartners Regions HospitalPartitionsSkyfoldWhere to Increase Flexibility in SchoolsCoffee tablesBoConceptMadrid Coffee Table AD19SkylightsLAMILUXFlat Roof Exit Comfort DuoMetallicsTrimoMetal Panels for Roofs – Trimoterm SNVSkylightsVELUX CommercialModular Skylights in Atelier Zimmerlistrasse OfficeStonesNeolithSintered Stone – Iron Moss – Iron CollectionCeramicsTerrealTerracotta Facade in Manchester HospitalWoodBlumer LehmannConsulting and Engineering in Wood ProjectsGlassBendheimLuminous Mirrored GlassWire MeshTwentinoxMetal Mesh – Golf Romeo 7More 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

Charity Bank lent £48.6 million in 2018

first_img Melanie May | 16 May 2019 | News  227 total views,  2 views today  228 total views,  3 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis10 AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis10 Charity Bank lent £48.6 million in 2018 Charity Bank lent £48.6 million to charities and social enterprises in 2018, it has revealed. This was a 43% increase from 2017, when it lent £34.1 million, and means it has lent over a quarter of a billion (£270 million) since 2002.Last year’s loans included £21.2 million to support housing and local facilities projects; £12.1 million for the provision of arts, heritage, sports and faith, and £7.9 million towards employment, training and education.According to Charity Bank, which announced the figures at its AGM this week, all of the charities and social enterprises polled said their Charity Bank loan helped deliver their mission and over half (54%) of borrowers had also unlocked additional funding from other sources as a result of the Charity Bank loan.Motivations of borrowers were:Needing or wanting to acquire facilities or fixed assets, like a new building (72%)Innovation (56%)Wanting to grow (56%)Wanting to diversify income and improve sustainability (48%)Ed Siegel, Chief Executive at Charity Bank said:“Access to funding is crucial in enabling charities and social enterprises across the UK to continue and expand their work. The growth that the Charity Bank team achieved in lending last year is a success story for all of the charities and social enterprises involved. More importantly though, it’s a lifeline for the vulnerable people and communities throughout the UK who benefit from what they do and whose lives are enriched by their work.“This lending wouldn’t be achievable without our savers – these are people who choose to save and invest for good to drive social change for those who need it. Major social change is only possible if money is invested in ways that benefit society. Growing our community of investors and savers who choose to invest for good is a vital part of our mission and impact. We encourage people to think about where their money is going. Our ultimate goal is a world in which everyone is a social investor or saver.” Advertisement Tagged with: Finance Charity Bank’s 2019 impact report Money on a Mission is available as a pdf. 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.last_img read more

Multi- million investment in Shannon units

first_imgAdvertisement RELATED ARTICLESMORE FROM AUTHOR Print WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads Previous articleLimerick students to benefit from new science programmeNext article‘Think to speak’ with Network Limerick Bernie Englishhttp://www.limerickpost.ieBernie English has been working as a journalist in national and local media for more than thirty years. She worked as a staff journalist with the Irish Press and Evening Press before moving to Clare. She has worked as a freelance for all of the national newspaper titles and a staff journalist in Limerick, helping to launch the Limerick edition of The Evening Echo. Bernie was involved in the launch of The Clare People where she was responsible for business and industry news. NewsBreaking newsLocal NewsMulti- million investment in Shannon unitsBy Bernie English – September 13, 2015 720 Vanishing Ireland podcast documenting interviews with people over 70’s, looking for volunteers to share their stories Twitter Facebook Shannon Airport chief executive Neil Pakey.Shannon Airport chief executive Neil Pakey.A €21 million investment in Shannon announced on Wednesday will create 250 jobs in the short term and hundreds more in the long term.Shannon Group confirmed a €21 million first-phase of a major redevelopment programme at the Shannon Free Zone, which will significantly strengthen the hand of development agencies in attracting major investments and creating jobs in the region.Sign up for the weekly Limerick Post newsletter Sign Up The five-year programme by the Shannon Group’s property company, Shannon Commercial Properties Ltd, involves the construction of advance manufacturing units and office blocks as well as the upgrade of some of its existing core assets.The investment plan is focussed on delivering a stock of high quality, advanced manufacturing, warehousing and office space solutions which will hep state development agencies attract new business and jobs to the airport and free zone.The €21 million first-phase over the next two years, which will support more than 250 construction related jobs, includes the redevelopment of a 12 acre site in the Shannon Free Zone.As part of the initial phase of development on this site, two projects are planned at a combined cost of more than €10 million. These include a ‘Grade A’ office block and an advance technology manufacturing unit. Work on the 12 acre site has already begun with the demolition of three former manufacturing buildings of approximately 300,000 ft2 and planning applications for the two new buildings are due to be submitted shortly.Other key projects in the first development phase include a technology manufacturing facility at Shannon Free Zone East at a cost of €6million. Work on this project has just begun.Also on the cards are a €4 million upgrade and development of an existing 100,000 square warehousing unit in the zone adjoining airport lands, a €1.3 million refurbishment of a 56,000 ft2 office and warehousing facility located in the Shannon Free Zone West is now completeShannon Group chief executive Neil Pakey said, “This investment will see our stock of quality facilities in the Shannon Free Zone significantly enhanced. Putting in place quality manufacturing and office space facilities will provide vital collateral for the IDA and Enterprise Ireland as they go about selling this region to FDI and indigenous companies. It sends a clear signal from the Shannon Group to the market and potential investors that we are creating quality space for businesses and this will help attract significant investment and jobs into this region.”center_img TAGSfeaturedFree ZoneinvestmentlimerickShannon Limerick Artist ‘Willzee’ releases new Music Video – “A Dream of Peace” WhatsApp Predictions on the future of learning discussed at Limerick Lifelong Learning Festival Limerick’s National Camogie League double header to be streamed live Linkedin Email Limerick Ladies National Football League opener to be streamed livelast_img read more

Defining Debt Collectors

first_img Tagged with: Debt Collection Defaults Fair Debt Collection Practices Act henson v santander Print Features Supreme Court  Print This Post The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Debt Collection Defaults Fair Debt Collection Practices Act henson v santander Print Features Supreme Court 2018-01-17 David Wharton in Daily Dose, Featured, Magazine, Print Features Lauren Riddick handles contested foreclosure matters as a member of the Codilis & Associates, P.C.’s Contested Litigation Unit and also assists with title matters. She joined the firm in August 2013. Prior to joining the firm, she was an Adjunct Professor of Law with several colleges and a Securities Attorney for a large broker-dealer in Florida. Riddick is a member of the Illinois and Florida Bar Associations. She received her Juris Doctor in 2001 from the University of Florida Levin College of Law, and her Bachelor of Science in 1998 from the University of Florida. About Author: Lauren Riddick Defining Debt Collectors Editor’s note: This story was originally featured in the January issue of DS News, out now.The United States Supreme Court, in Henson v. Santander Consumer USA Inc., settled a circuit court split and solidified what may turn out to be a large exemption from the rigors and risks associated with debt collection under the Fair Debt Collection Practices Act (FDCPA).A bank purchased defaulted loans and then sought to collect on that debt themselves, as opposed to hiring a third-party debt collection agent, ultimately resulting in a dispute as to whether FDCPA violations had occurred.The FDCPA defines debt collectors as any person whose business’s “principal purpose” is the collection of debt or who “regularly collects or attempts to collect … debts owed … another.”  In Henson, the purchasing bank was not alleged to have a “principal purpose” of debt collection, which left only the second part of the debt collection definition in dispute. Focusing on this latter language, the court ruled that an FDCPA “debt collector” does not include defaulted debt purchasers who seek to collect on those debts themselves (rather than using a third party), as they are not seeking to collect debts “owed … another.”The court stated that, under the statute, it didn’t appear to matter how a debt owner became a debt owner—i.e., it didn’t matter whether the owner originated the debt or purchased it later. Moreover, the court was unconcerned with the fact that the bank had purchased defaulted debts, as opposed to debts prior to default. The main consideration was simply whether the debt collection was for one’s own debt, or for another’s.The court further tackled the FDCPA’s rather confusing interplay of the terms “creditor” and “debt collector.” The distinction is important because although debt collectors are subject to the FDCPA, creditors generally are not. Those aligned with the petitioners argued that “debt collector” and “creditor” are mutually exclusive under the FDCPA. Therefore, so the argument goes, if under the FDCPA one must either be a creditor or a debt collector (not both), and those seeking to collect defaulted debts are excluded from the creditor definition, then the collection of defaulted debts necessarily must fall into the debt collector category. In other words, the collection of defaulted debts has to qualify as “debt collection” under the FDCPA because it’s excluded from the creditor category.However, in disagreeing with this argument, the court pointed out that the FDCPA’s creditor definition only excluded debt assigned in default when the debt was transferred “solely for the purpose of facilitating collection for another.”  The court concluded that “a company collecting purchased defaulted debt for its own account … would hardly seem to be barred from qualifying as a creditor under the statute’s plain terms.”  Therefore, the court emphasized again that the main focus has to be whether the debt collection is for oneself, or for another—not the debt’s default status. In so ruling, the court overturned decisions out of both the 7th and 3rd circuits that had limited their analyses to the default status of the debt obtained, rather than whether the collection was occurring for another.Petitioners also argued that the business of purchasing defaulted debt needed the same rules applied to independent debt collectors, as “no other result would be consistent with the overarching congressional goal of deterring untoward debt collection practices.”  In response, the court stated that Congress hadn’t had the chance to consider what should be done about those in the business of purchasing defaulted debt, since the market for defaulted debt developed after the FDCPA’s 1977 passage. And, in refusing to consider policy considerations, the court stated that “… it is never our job to rewrite a constitutionally valid statutory text under the banner of speculation about what Congress might have done had it faced a question that, on everyone’s account, it never faced.”  Instead, the court reiterated that it is the judiciary’s job to apply, not amend legislation, and that “[the] legislature says…what it means and means…what it says.”Given the court’s analysis, a servicer may be categorized as a debt collector when collecting debts on behalf of an investor, since it would be attempting to collect the debt owed another. In fact, at least one court has already similarly ruled. Therefore, to avoid the debt collector moniker and safely reap the benefits of the court’s decision, a servicer would need to be collecting on debts wholly owned by the servicer itself. Share Savecenter_img Home / Daily Dose / Defining Debt Collectors Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Previous: Refinance Volumes Increased in November 2017 Next: Georgia Addresses Statute on Execution of Documents Governmental Measures Target Expanded Access to Affordable Housing 2 days ago January 17, 2018 1,922 Views Subscribelast_img read more

Donegal on international stage as major Irish-American conference gets underway

first_imgHomepage BannerNews Donegal will be promoted as a world-class place to live and do business, at a leading Irish-American event in Boston which gets underway today.The annual conference of Irish Networks USA, which connects Irish associations in cities across the US in order to create business links between the United States and Ireland, is taking place from now until November 8th.Additional backing for the event comes from Tourism Ireland and Randox Laboratories, which is based in Dungloe.Research and Development Manager in Randox Dungloe, Ciaran Richardson says it will hopefully pave the way to secure more deals for the company:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/11/ciaran1pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Previous articlePeople urged to ensure they are registered to vote as deadline approachesNext articleFinn Harps v Limerick: Match Day Arrangements & Ticket Details admin Main Evening News, Sport and Obituaries Tuesday May 25th Pinterest Facebook Google+ RELATED ARTICLESMORE FROM AUTHOR WhatsApp Twitter By admin – November 5, 2015 365 additional cases of Covid-19 in Republic center_img Google+ Pinterest Twitter Facebook Man arrested on suspicion of drugs and criminal property offences in Derry Donegal on international stage as major Irish-American conference gets underway WhatsApp Further drop in people receiving PUP in Donegal 75 positive cases of Covid confirmed in North Gardai continue to investigate Kilmacrennan firelast_img read more

Scoreboard roundup — 4/1/19

first_img Written by Beau Lund April 2, 2019 /Sports News – National Scoreboard roundup — 4/1/19center_img FacebookTwitterLinkedInEmailiStock(NEW YORK) — Here are the scores from Monday’s sports events:MAJOR LEAGUE BASEBALLINTERLEAGUETampa Bay 7, Colorado 1AMERICAN LEAGUECleveland 5, Chi White Sox 3NY Yankees 3, Detroit 1Baltimore 6, Toronto 5Houston 2, Texas 1Oakland 7, Boston 0Seattle 6, LA Angels 3NATIONAL LEAGUESt. Louis 6, Pittsburgh 5, 11 InningsMilwaukee 4, Cincinnati 3NY Mets 7, Miami 3Atlanta 8, Chi Cubs 0San Francisco 4, LA Dodgers 2Arizona 10, San Diego 3NATIONAL BASKETBALL ASSOCIATIONIndiana 111, Detroit 102Toronto 121, Orlando 109Milwaukee 131, Brooklyn 121Boston 110, Miami 105NY Knicks 113, Chicago 105Portland 132, Minnesota 122Dallas 122, Philadelphia 102Utah 111, Charlotte 102Phoenix 122, Cleveland 113NATIONAL HOCKEY LEAGUEFlorida 5, Washington 3Toronto 2, NY Islanders 1New Jersey 4, NY Rangers 2Tampa Bay 5, Ottawa 2SO St. Louis 3, Colorado 2OT Winnipeg 4, Chicago 3Vegas 3, Edmonton 1Calgary 7, L.A. Kings 2Copyright © 2019, ABC Radio. All rights reserved.last_img read more