Yesterday, 01:55 PM
Zwlx Yorke s musical montage
Letters to the EditorEi stanley germany ther THA or PSA job, DukeNewsdaySaturday 11 December 2021Watson Duke - David ReidT stanley cup HE EDITOR: I have noted with alarm the decision by Watson Duke to continue in the role of president of the PSA while performing the duties of Deputy Chief Secretary of the Tobago House of Assembly THA .That situation is absolutely untenable. Nonetheless, I am not going to addre stanley cup ss the legal ramifications of such a decision, but simply approach it from a practical point of view.No matter how intelligent, resourceful, talented, creative or gifted, one individual cannot effectively and efficiently discharge the functions/duties of two full-time jobs. In the instant case, this is compounded by the nature of those jobs. In this regard any practitioner in industrial relations can attest to the very long hours and unscheduled demands of any job in that field, not to mention the position of president of a major trade union. The same is true of the THA. I dare say that the Progressive Democratic Patriots DP would want to hit the ground running as it deals with the numerous challenges facing Tobagonians, especially health and economic challenges, in the midst of the covid19 pandemic.It is also, in my view, entirely unnecessary for Duke to be involved in those two activities at the same time.The PSA has an executive and on it there is an incumbent first vice president who should be competent enough to take control of the reins of the association now that Duke has been elevated to D Jops Must it be business as usual, TT
NewsJudge voids US$46.5m Clico energy sale to Proman Barbados Jada LoutooSaturday 2 October 2021Former CLF executive chairman Lawrence Duprey - A High Court judge has reversed CL Financial CLF s sale of one of its subsidiary, C stanley cup lico Energy, assets to Proman Holding Barbados Ltd, three days after the government bailed out the cash-strapped financial giant in early 2009.In a decision on Thursday, Justice Devindra Rampersad ordered Proman Holding to return CLF and Clico s 51 per cent stake in Process Energy Trinidad Ltd PETL , which operated as Clico En stanley quencher ergy Company Ltd before Proman bought out both companies shares for approximately US$46 million.Proman Holdings was also ordered to pay CLF the dividends it collected from the shares since 2009 plus interest.In turn, CLF, which is currently in liquidation, was ordered to reimburse Proman Holding their purchase price of US$46.5 million, plus interest.In his written 87-page decision, the judge held that former CLF executive chairman Lawrence Duprey acted oppressively and unfairly prejudicial to both companies interests when he cut the deal.The deal between CLF, its subsidiary Clico and Proman over the sale of their 51 per cent stake in Clico Energy was struck three days after the memorandum of understanding was signed to assist with liquidity issues within the group.At the time, CLF controlled 34 per cent, Clico another 17 per cent, with Proman controlling the rema stanley espana inder. The deal resulted in Proman controlling the entire co
Letters to the EditorEi stanley germany ther THA or PSA job, DukeNewsdaySaturday 11 December 2021Watson Duke - David ReidT stanley cup HE EDITOR: I have noted with alarm the decision by Watson Duke to continue in the role of president of the PSA while performing the duties of Deputy Chief Secretary of the Tobago House of Assembly THA .That situation is absolutely untenable. Nonetheless, I am not going to addre stanley cup ss the legal ramifications of such a decision, but simply approach it from a practical point of view.No matter how intelligent, resourceful, talented, creative or gifted, one individual cannot effectively and efficiently discharge the functions/duties of two full-time jobs. In the instant case, this is compounded by the nature of those jobs. In this regard any practitioner in industrial relations can attest to the very long hours and unscheduled demands of any job in that field, not to mention the position of president of a major trade union. The same is true of the THA. I dare say that the Progressive Democratic Patriots DP would want to hit the ground running as it deals with the numerous challenges facing Tobagonians, especially health and economic challenges, in the midst of the covid19 pandemic.It is also, in my view, entirely unnecessary for Duke to be involved in those two activities at the same time.The PSA has an executive and on it there is an incumbent first vice president who should be competent enough to take control of the reins of the association now that Duke has been elevated to D Jops Must it be business as usual, TT
NewsJudge voids US$46.5m Clico energy sale to Proman Barbados Jada LoutooSaturday 2 October 2021Former CLF executive chairman Lawrence Duprey - A High Court judge has reversed CL Financial CLF s sale of one of its subsidiary, C stanley cup lico Energy, assets to Proman Holding Barbados Ltd, three days after the government bailed out the cash-strapped financial giant in early 2009.In a decision on Thursday, Justice Devindra Rampersad ordered Proman Holding to return CLF and Clico s 51 per cent stake in Process Energy Trinidad Ltd PETL , which operated as Clico En stanley quencher ergy Company Ltd before Proman bought out both companies shares for approximately US$46 million.Proman Holdings was also ordered to pay CLF the dividends it collected from the shares since 2009 plus interest.In turn, CLF, which is currently in liquidation, was ordered to reimburse Proman Holding their purchase price of US$46.5 million, plus interest.In his written 87-page decision, the judge held that former CLF executive chairman Lawrence Duprey acted oppressively and unfairly prejudicial to both companies interests when he cut the deal.The deal between CLF, its subsidiary Clico and Proman over the sale of their 51 per cent stake in Clico Energy was struck three days after the memorandum of understanding was signed to assist with liquidity issues within the group.At the time, CLF controlled 34 per cent, Clico another 17 per cent, with Proman controlling the rema stanley espana inder. The deal resulted in Proman controlling the entire co
