Digital shift helps Aristocrat weather Covid-19 impact in FY2020

first_img“Aggressive and dynamic investment in user acquisition supported momentum and allowed the business to fully leverage Covid-19 related tailwinds, while taking further significant strides forward in organisational scale, capability and effectiveness.”  “Our results for the full year to 30 September 2020 demonstrate that we have enhanced our financial fundamentals and further accelerated our underlying operational momentum, despite the exceptional challenges and volatility generated by Covid-19 on our business, customers, players and people across the majority of the period.” Topics: Casino & games Finance Land-based casino Online casino Slots Social gaming Full year results 2020 Digital shift helps Aristocrat weather Covid-19 impact in FY2020 Revenue from the channel grew by 31.9% to $2.36bn in the 12 months to 30 September. Tags: Covid-19 Aristocrat Leisure Due to the shift in channel of much of its revenue, Aristocrat’s cost of revenue was up 10.7% to $2.18bn, including $449.4m spent on digital user acquisition, up 37.0%. This meant that gross profit was down 19.4% to $1.96bn. “Aristocrat Digital delivered exceptional operational performance, while continuing to diversify and strengthen its portfolio and pipeline of new games,” the supplier’s chief executive and managing director Trevor Croker said. “FY2020 has been a challenging year for Aristocrat,” she said. “We delivered strong performance pre-Covid, while also growing share in key gaming (Land-based) markets and segments and delivering outstanding growth in our Digital business over the full year.  In March, Aristocrat withdrew its outlook statement for the year due to “softer demand” caused by the virus. In April, the business announced that it would furlough 1,000 employees and permanently lay off another 200, mostly in and-based sales, service and manufacturing operations and mostly based in the US. Combining land-based and grouping by region, the total from the Americas, previously Aristocrat’s largest revenue stream, fell 29.8% to $1.37bn, while revenue from Australia and New Zealand dropped 39.5% to $280.6m. International revenue was down 35.7% at $131.4m. Regions: US Australia Gaming services revenue declined by 24.6% to $930.8m, while gaming machine sales were down 38.7% to $848.8m with outright sales volume down 45%. “In May, we said that Aristocrat entered the Covid-19 challenge in good shape,” he said. “Six months on, and notwithstanding the uncertainties that remain, we believe we’re well placed to emerge from this period in even better shape.  While Croker noted the success in adapting to the crisis, director Kathleen Conlon noted that the year was still “challenging” for the business. The supplier said this was largely due to “outstanding performance” of its social casino product as well as the success of its Raid: Shadow Legends game. However, it paid $1.62bn in operating expenses, up 10.2%. The largest contributor to this total was general and administrative costs, which grew 11.9% to $684.4m. Design and development costs, meanwhile, slipped 0.5% to $497.4m while sales and marketing costs were up 34.1% to $291.1m and finance costs grew 11.4% to $151.2m.center_img Aristocrat made $27.4m in other income. This was a 146.8% year-on-year increase. This resulted in a pre-tax profit of $359.m, down 63.1%. Full year results 2020 However, the business received a $1.02bn income tax benefit because of a deferred tax asset. After this, its profit came to $1.38bn, up 48.3%. After accounting for foreign exchange rate changes, Aristocrat’s net profit came to $1.26bn, up 74.5% from FY2019. In the first half of the year, which ended on 31 March, Aristocrat’s revenue came to $2.25bn, up 7.0% year-on-year, as digital revenue grew 27.3% year-on-year to $1.04bn. “Despite this, our overall financial performance was materially impacted by mandated venue closures and the implementation of social distancing measures that have been in place in key markets globally since March 2020.” Subscribe to the iGaming newsletter By segment, digital brought in the most profit, as this total grew 37.4% to $726.9m. Land-based operations in the Americas made a profit of $517.3m, a 51.8% decline, while in Australia and New Zealand, this profit was just $$58.9m, down 72.4%. International land-based revenue was down 63.6% to $34.3m. The supplier’s digital arm made up a majority of Aristocrat’s revenue for the first time, due to the impact of the novel coronavirus on land-based gaming. Aristocrat CEO Coker said these shifts mean the supplier is set to be better equipped for the future when the pandemic passes than before it started. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 18th November 2020 | By Daniel O’Boyle Aristocrat Leisurerevenue declined 5.9% to AUD$4.14bn (£2.28bn/€2.55bn/USD$3.03bn), as a growth in digital revenue helped offset the impact of the novel coronavirus (Covid-19) pandemic on the land-based sector in its 2020 fiscal year. Email Addresslast_img read more

British American Tobacco Uganda ( HY2010 Interim Report

first_imgBritish American Tobacco Uganda ( listed on the Uganda Securities Exchange under the Agricultural sector has released it’s 2010 interim results for the half year.For more information about British American Tobacco Uganda ( reports, abridged reports, interim earnings results and earnings presentations, visit the British American Tobacco Uganda ( company page on AfricanFinancials.Document: British American Tobacco Uganda (  2010 interim results for the half year.Company ProfileBritish American Tobacco Uganda Limited (BAT Uganda) grows and processes tobacco in Uganda and sells cigarettes and other tobacco products to the local market and for export. Brands sold by BAT Uganda include Dunhill, Rex, Sportsman and Safari. Tobacco is grown in 13 districts in Uganda through a network of tobacco farmers. The raw tobacco is transported to the BAT Uganda green leaf threshing plant in Kampala where it is processed and packed for local and export cigarette consumption. BAT Uganda also exports tobacco leaves to cigarette manufacturers in Europe, Asia and other African countries. BAT Uganda is a subsidiary of British American Tobacco Investments Limited. British American Tobacco Uganda is listed on the Uganda Securities Exchangelast_img read more

James Haskell gives his side of the story after that red card and ban

first_imgFriday Jan 19, 2018 James Haskell gives his side of the story after that red card and ban Out suspended after his thumping hit on Jamie Roberts, England and Wasps flanker James Haskell discusses the incident and talks about the resulting ban that makes him unavailable for the first two matches of the Six Nations. He says he has already chatted with coach Eddie Jones about espnADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Related Articles 81 WEEKS AGO scottish prop saves fire victim 84 WEEKS AGO New Rugby X tournament insane 112 WEEKS AGO Vunipola stands by his comments supporting… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsWrinkle Remedy Stuns TV Judges: Forget Surgery, Do This Once DailySmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living30+ Everyday Items with a Secret Hidden PurposeNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

Empowered women march on International Women’s Day

first_imgMadrid, Spain Palestine Ankara, Turkey Manila, Philippines New Delhi, India Karachi, Pakistancenter_img Marseilles, France Seoul, South Korea Tegucigalpa, Honduras International Women’s Day is commemorated on March 8. Established by women socialists in 1910, it is a day of solidarity with women in struggle against oppression, exploitation, racism, poverty and war.With raised fists, militant marchers around the globe denounced the exploitative gender pay gap and anti-woman violence, both ills of capitalism.Many demonstrators hit patriarchal capitalism itself. Empowered women workers demanded workplace respect and equal pay. Signs showed the #MeToo and #TimesUp campaign against job-related sexual misconduct is resonating around the globe. LGBTQ contingents were loud and proud, too.Here are some highlights.Strike wave across SpainStrikes swept the Spanish state on March 8 as 5.3 million women workers and male allies left work in 200 cities and towns. Protesting the gender pay gap, workplace sex discrimination and domestic violence, women asserted, “If we stop, the world stops!” The March 8 Commission stated: “We call for a society free of oppression, exploitation and violence. We call for rebellion and a struggle against the alliance of the patriarchy and capitalism.” (CNN, March 8)Ten unions called for a 24-hour strike. The CCOO and GTU, the bigger unions, called for two-hour work stoppages, saying these walkouts were “an unprecedented strike in our country’s trade union movement.”At midnight, 24 hours of strikes and rallies began in Madrid. Trains stopped running. Women blocked roads there and in Barcelona. Students chanted, “Madrid will be sexism’s grave,” as 1 million people rallied in the capital’s Plaza de Cibeles. Thousands of women demonstrated in Vitoria, Bilbao and San Sebastian in the Basque country.In Italy, a 24-hour strike by women workers was backed by labor unions and women’s organizations. Actions were held in dozens of cities. Air, road and rail transportation services and school and health programs were affected. Thousands of militant pro-choice students marched in Milan.Throughout Europe, women joined in work stoppages and marches. In France, women called for pay equality and an end to anti-woman violence at the Place de la Republique in Paris, Marseilles and other cities. Solidarity actions were held in England, Wales, Scotland, Ireland and elsewhere.Free Palestinian prisoners!Palestinian women in the Occupied West Bank rallied at the Israeli military checkpoint at Qalandiya, facing tear gas, and in Gaza, to protest the Trump administration’s recognition of Jerusalem as Israel’s capital. They called for an end to the occupations, freeing of all political prisoners and self-determination for Palestine. Thousands of women from throughout Gaza converged at the U.N. offices, calling for the release of the 63 Palestinian women, including 10 minors and 17-year-old Ahed Tamimi, jailed in Israel’s prisons.In Ankara, Turkey, women shouted “Freedom!” Tens of thousands marched in Istanbul against workplace inequities. Pakistani women denounced gender violence in Islamabad. In Lahore, students shouted “Equal pay for equal work!” Karachi demonstrators called for transgender rights. Domestic workers and garment workers marched in Dhaka, Bangladesh.Hundreds of women workers and students protested sexual and domestic violence and job and wage discrimination in New Delhi, India. Banners read: “Equal Rights for Women!” and “No rape!”In Seoul, south Korea, women’s rights activists, together with labor unionists, held “#MeToo” and “Stop at 3 p.m.” signs, signifying that due to the gender pay gap women work for free after that time. The Korean Confederation of Trade Unions called on workers to leave their jobs at 3 p.m., and join the #MeToo campaign. The Korean Women’s Association decried the patriarchal social structure.The Democratic People’s Republic of Korea commemorated this special day with a national meeting at the People’s Palace of Culture. The Socialist Women’s Union of Korea, its president Jang Chun Sil, and women officials and leaders of many sectors, participated. Women play an important role in all aspects of society; laws protect women’s rights, including in employment.Thousands of women workers, farmers and others defied a ban and marched on Mendiola, the Philippines, against President Rodrigo Duterte’s regime. The women’s organization Gabriela organized the demonstration to “Fight Duterte’s misogyny and fascism.” In Manila, protesters condemned Duterte’s wave of extrajudicial killings and his brutal war on dissenters, and called him one of the worst violators of women’s rights.Thousands of women rallied in Jakarta, Indonesia’s capital, to demand gender equality and an end to discrimination. On the prior weekend, thousands joined the Women’s March in Jakarta and protests in other cities. They demanded rights for domestic workers, migrants, Indigenous women, LGBTQ individuals, disabled women, sex workers and survivors of violence. The call resounded for reproductive rights for all women workers.Australia: Defend Indigenous womenOn IWD, Aboriginal activists called on all women in Australia to stand in solidarity with them in challenging widespread human rights abuses. Indigenous women are subjected to systemic oppression and multiple forms of racist and gender discrimination and violence. They face higher rates of police abuse and are the fastest growing prison population. The state is removing their children at rates exceeding those of “The Stolen Generations” of 1910-70.A national campaign calls for self-determination, empower­ment and respect for the human rights of ­Aboriginal people.South Africa: Honor Albertina SisuluDeputy Minister of Arts and Culture Maggie Sotyu led a tribute to anti-apartheid resistance leader Albertina Sisulu in conjunction with IWD, in Gauteng, South ­Africa. When this hero died in 2011, at 92, she was the longest-serving African National Congress member — and had been persecuted and imprisoned by the apartheid state. Her spouse was ANC leader Walter Sisulu, who was imprisoned for over 25 years at Robben Island.South Africa Women’s Day is commemorated on Aug. 9 because on that day in 1956, 20,000 women demonstrated in Pretoria against the identity pass requirement for Black women. Sisulu was a leader of this historic march, organized by the Federation of South African Women. In 1994, she was elected to Parliament due to her leadership in the ANC Women’s League and FSAW.The Congress of South African Trade Unions commemorated IWD under the theme of “Time is now: Rural and urban activists transforming women’s lives.” The labor group pledged to fight for women’s emancipation and gender equality in all spheres and make “Equal pay for equal work” a reality for all women.The National Union of Saharawi Women formally praised women in the Western Sahara for their role in the struggle for sovereignty and liberation from Morocco. The NUSW demanded an end to the Moroccan state’s violation of human rights and plunder of the Western Sahara’s resources, and called for release of all political prisoners.A NUSW delegation, comprised of its leaders, women representatives from the occupied territories and “Diaspora” women, traveled to Spain and joined the March 8 strike in Madrid to call for women’s equality. Other events in Madrid and Getafe ended with calls for solidarity with and freedom for Saharawi political prisoners in Morocco’s jails.Mass marches in Latin America and the CaribbeanHundreds of thousands of women marched throughout Latin America, including in Colombia, Paraguay, Uruguay, Nicaragua and Peru where Andean women participated. In Buenos Aires, Argentina, an enormous rally said “no” to femicides and “yes” to reproductive rights. LGBTQ activists joined in San Salvador, El Salvador. A banner in Mexico’s capital, Mexico City, read: “Femicides, Negligence, Violence, Inequality.”Five thousand women from 34 countries attended a summit in the Caracol of Morelia Tzotz Choj zone of Chiapas, Mexico, organized by women in the National Liberation Zapatista Army. The “First International Gathering of Politics, Art, Sport and Culture for Women in Struggle” aimed to bring together women fighting back against patriarchal capitalism.Members of the Lenca community demonstrated on March 2, the second anniversary of the murder of Berta Cáceres, Indigenous leader, environmentalist and socialist, outside the Public Ministry in Tegucigalpa, ­Honduras. She had led successful protests to stop a U.S./European bank-funded hydroelectric dam. That day, David Castillo, CEO of dam builder Desarrollos Energeticos SA at the time of her murder, was arrested for helping orchestrate it. His hearing was held March 8.Daughters Bertha Zuniga Cáceres, current leader of COPINH (Civic Council of Popular and Indigenous Organizations of Honduras), which her mother co-founded, and Olivia Zuniga Cáceres, a Liberty and Refoundation Party legislator, are carrying on their mother’s fight — campaigning for U.S. legislation to stop U.S. military aid to Honduras. Legislator Cáceres has proposed the government cancel the dam’s construction and honor her mother on International Women’s Day.From Miraflores Palace in Caracas, Venezuela’s President Nicolas Maduro announced on IWD two decrees benefiting women: The National Humane Birth Plan provides for free midwifery services, while Democratic Parity guarantees every woman a monthly financial subsidy.Taryn Fivek, of the International Action Center, attended the Todos Somos Venezuela (We Are All Venezuela) conference early in March. She heard Delcy Rodriguez, president of the Venezuelan Constituent Assembly, assert, “The Bolivarian Revolution is a sanctuary for women and feminism.”Venezuelan women lead 55 percent of councils and communes. A 2007 law bans anti-woman violence — in the workplace, medical settings, prisons and elsewhere. The 2012 Organic Law guarantees equal pay and other benefits for women workers, including pregnant women and mothers. Health care and education are free. Trans women are given prominent platforms.During International Women’s History Month, teachers — mostly women and led by women — struck on March 19 in San Juan, Puerto Rico, to oppose privatization of education. Five days later, mothers of children with special needs organized a demonstration of 16,000 parents, teachers, children and community members.There is justified fury at Washington for placing U.S. business people into key educational, tourism and energy positions, while cruelly withholding essential aid from the hurricane-ravaged island.In socialist Cuba, thousands of women celebrated their achievements in the Plaza de la Revolución in Sancti Spiritus. Teresa Amarelle Boué, a member of the Cuban Communist Party’s Politburo and Secretary-General of the Federation of Cuban Women, and other women officials attended. On IWD, women on this revolutionary island celebrate their achievements in education, government, health care, scientific research — and all sectors.Greg Butterfield, Taryn Fivek, Berta Joubert-Ceci and Donna Lazarus contributed to this article.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Realtors Support HAWK, Say It Could Go Further

first_img  Print This Post Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Realtors Support HAWK, Say It Could Go Further Realtors Support HAWK, Say It Could Go Further Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago July 1, 2014 1,221 Views Related Articles Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Previous: FHFA OIG Raises Questions About Risks of Nonbank Servicers Next: HSBC to Pay $10M to Settle Claims over Foreclosure Fees The Best Markets For Residential Property Investors 2 days ago FHA HAWK NAR 2014-07-01 Derek Templeton Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Derek Templeton is an attorney based in Dallas, Texas. He practices in the areas of real estate, financial services, and general corporate transactional law. His experience includes time as an Attorney Adviser for the U.S. Small Business Administration and as General Counsel for a nonprofit organization in Dallas. A self-avowed “policy junkie,” he has a keen interest in the effect that evolving federal policy has on the mortgage, default servicing, and greater housing industries. The National Association of Realtors (NAR) lent its support Monday to the Homeowners Armed with Knowledge (HAWK) pilot program but has concerns that it will not do enough to lower insurance premiums for homebuyers.In a letter sent to HUD, the organization reiterated its appreciation for the Federal Housing Administration’s (FHA) efforts to provide reduced mortgage insurance premiums to first-time homebuyers but complained about the high mortgage insurance premiums and counseling fees that come along.The HAWK Pilot Program for new homebuyers provides FHA insurance pricing incentives to first-time homebuyers who participate in housing counseling that covers how to evaluate housing affordability and mortgage alternatives, financial advice, and the rights and responsibilities of home ownership.FHA announced the program in May as part of its “Blueprint for Access,” outlining additional steps that the agency is taking to expand access to credit for underserved potential borrowers.Under the program, first-time homebuyers who participate in the four-year pilot program will benefit at closing from a 50 basis points reduction in the upfront mortgage insurance premium and a 10 basis points reduction in the annual premium.  If buyers complete post-closing housing counseling and do not have delinquencies greater than 90 days in the first 18 months after closing, they will receive an additional 15 basis points reduction on the annual premium starting the loan’s 25th month.NAR contends that, despite the counseling incentive, FHA insurance rates are too high.”As the leading advocate for homeowners, Realtors are concerned about FHA’s high annual mortgage insurance premiums and the insurance requirement for the life of the loan,” NAR President Steve Brown said. “FHA fees make up nearly 20 percent of a monthly mortgage payment today and are making it more difficult for qualified buyers to purchase a home. Since FHA is on target to meet and exceed its capital reserve requirements in the next fiscal year, we encourage FHA to support premium reductions across the board.”The letter also voiced concern that the cost of the counseling envisioned under the program, a combined total of $500 if all counseling sessions are attended, is too high and would prevent many qualified first time homebuyers from accessing the market. NAR recommended that lenders be allowed to mitigate some of the counseling costs. Otherwise, it could take buyers two years to offset the cost of counseling with the premium reductions offered under the HAWK program and even longer if buyers have to satisfy other financial programs separately.FHA contends that HAWK will save the average buyer approximately $325 a year—or almost $9,800 over the life of their loan. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Subscribe About Author: Derek Templeton in Daily Dose, Featured, Government, Headlines, News Tagged with: FHA HAWK NAR Share Save Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

Improving FHA Foreclosure Processes

first_img conveyance Federal Housing Administration FHA Fines and Penalties Foreclosure REO Servicing 2018-03-03 David Wharton Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago About Author: David Wharton Improving FHA Foreclosure Processes The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Improving FHA Foreclosure Processes Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Foreclosure, Government, Headlines, Journal, News, REO, Servicing Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save  Print This Postcenter_img Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Tagged with: conveyance Federal Housing Administration FHA Fines and Penalties Foreclosure REO Servicing The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Previous: The Best and Worst States for Property Taxes Next: Tiny Homes Could Help the Homeless Data Provider Black Knight to Acquire Top of Mind 2 days ago A new brief released by the Urban Institute explores ways to improve Federal Housing Administration (FHA) foreclosure timelines and conveyance processes so as to drive down costs and make things more efficient. The brief is the third in a series produced by the Mortgage Servicing Collaborative (MSC), convened by the Housing Finance Policy Center at the Urban Institute.This latest brief delves into the costs associated with servicing non-performing FHA loans, including the expenses related to both foreclosures and conveyance of the properties to HUD. The brief hinges on two notions: 1) discovering whether servicing non-performing FHA loans is more expensive than servicing non-performing GSE loans, and 2) discovering whether the FHA’s current foreclosure and conveyance processes create extra expenses.The study found that, indeed, foreclosing on FHA loans is “orders of magnitude more expensive than servicing loans backed by the GSEs”—three times as expensive, in fact, on average, as reported by servicers. The brief targets two major causes for these increased expenses: 1) “an inflexible foreclosure timeline and penalty system that does not improve outcomes,” and 2) “a property conveyance process that slows down resolution, which causes properties to remain vacant longer, which can adversely affect neighborhoods and increase maintenance and repair costs.”One of the primary drivers of these costs is the “interim penalties associated with failure to meet the FHA’s milestones in the foreclosure timelines,” according to data from MSC servicer members. According to the Urban brief’s data analyzed for 2015 and 2016 FHA claims, “43 percent of insurance claims received an interest curtailment penalty because of missed first legal action or reasonable diligence milestones.” As the Urban brief points out, the GSEs “ use milestones to track progress toward foreclosure, but missing a milestone in and of itself does not trigger a penalty.”The brief also found the FHA fees themselves to be “onerous.” According to the data, “the average first legal interest curtailment for loans that missed this deadline was $5,360 per loan, roughly 3 percent of an average FHA loan amount of $175,000.”Urban’s research also found high penalties when it came to conveyance. According to cited MSC servicer data, “the average per loan property preservation cost for FHA properties that were conveyed was $8,819, compared with $2,113 for nonconveyance routes.” For conveyance liquidations, surveyed servicers reported an average property preservation loss of $4,179. This works out to “ a loss rate of 47 percent on the $8,819 in expenses.”Urban’s brief recommends that the FHA change its foreclosure timelines to enact penalties and timelines that are more closely aligned with actual delays in the process. They suggest these changes could be enacted through a simple administrative rule change. They also recommend expanding the availability of conveyance alternatives and exploring other possibilities to improve the process.You can read the full Urban Institute brief by clicking here. March 3, 2018 3,751 Views Subscribelast_img read more

Daughter Has Every Locus To Question Validity Of Father’s Second Marriage: Bombay High Court

first_imgNews UpdatesDaughter Has Every Locus To Question Validity Of Father’s Second Marriage: Bombay High Court LIVELAW NEWS NETWORK19 March 2021 4:56 AMShare This – xOn Wednesday, the Bombay High Court authoritatively ruled that a daughter could present a petition challenging the validity of her parent(s)’ second marriage. A Division Bench of Justices VG Bisht and RD Dhanuka interpreted clause (b) of the Explanation appended to Section 7 to hold that a daughter has every locus to bring in question the validity of her father’s marriage. It…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?LoginOn Wednesday, the Bombay High Court authoritatively ruled that a daughter could present a petition challenging the validity of her parent(s)’ second marriage. A Division Bench of Justices VG Bisht and RD Dhanuka interpreted clause (b) of the Explanation appended to Section 7 to hold that a daughter has every locus to bring in question the validity of her father’s marriage. It was stated, “Having regard to the Objects and Reasons of the Act vis-a-vis literal construction of Clause (b) under Explanation, in our considered view, the appellant has every locus to bring in question the validity of marriage of her father with the respondent and as also respondent’s status.” The Bench pronounced judgment in an appeal against a Family Court’s dismissal of a woman’s petition (appellant) against her father’s second wife. The appellant filed a petition questioning the validity of the respondent’s marriage to the appellant’s father. Her father, a wealthy industrialist, married the respondent after the death of the appellant’s mother. The Family Court had rejected the petition stating that the appellant had filed suits against the respondent before the High Court at earlier instances. Applying Rule 2, Order II of the Civil Procedure Code, the Family Court opined that the appellant had relinquished her right to claim the relief of nullity of marriage as against the respondent when she filed her suits in the High Court. Therefore, she could not claim the relief before the Family Court, it was ruled. Order II of Code of Civil Procedure 1908 “Suit to include the whole claim”Rule 2: Relinquishment of part of claim- Where a plaintiff omits to sue in respect of, or internationally relinquishes, any portion of his claim, he shall not afterwards sue in respect of the portion so omitted or relinquished. The appellant averred that the respondent married her father claiming to have divorced her first husband while in fact the divorce documents were doubtful. She additionally contended that the respondent took undue advantage of her father’s mental ailments, infirmities and unsoundness of mind, married him, and then unduly influenced him with the motive of siphoning his properties. Her father passed away in 2015, the Court was informed. Opposing the petition as well as the grounds of appeal, the respondent asserted that the appellant did not possess the required legal standing (locus standi) to assail her father’s marriage. To buttress this submission, her counsel propounded that the Family Courts Act allowed only parties to a marriage to assail the validity of marriage. After an analysis of Section 7 of the legislation and its attendant explanation clauses, the Court took specific notice to clause b. Whereas Clause (a) expressly specified the Family Court’s jurisdiction to encompass suits between parties to a marriage in respect of nullity of marriage, restitution of conjugal rights etc, Clause (b) made no such stipulation. The explanation, along with clauses (a) and (b), reads as below: Explanation: The suits and proceedings referred to in this sub-section are suits and proceedings of the following nature, namely:— (a) a suit or proceeding between the parties to a marriage for a decree of nullity of marriage (declaring the marriage to be null and void or, as the case may be, annulling the marriage) or restitution of conjugal rights or judicial separation or dissolution of marriage; (b) a suit or proceeding for a declaration as to the validity of a marriage or as to the matrimonial status of any person; In this context, the Court remarked, “To note that Clause (b) is widely couched to encompass in its ambit and include the proceeding of the nature referred to regarding declaration of the validity of the marriage or it could be for a declaration of the matrimonial status of any person, would be a but fair comment.” After a discussion of the Statute’s Objects and Reasons, the Court declared that as per a literal construction of Clause(b) the appellant possessed the necessary locus to move the petition. As to the question of jurisdiction, the Court found that the Family Court had erred in applying Order II, Rule 2 to the case at hand. Referring to the statute, the Court asserted that a Family Court was intended to possess exclusive jurisdiction of matters connected to matrimonial relief. Stating that Section 8 of the Family Courts Act denuded the High Court of its authority to grant reliefs relating to marriage etc, the Court opined that the question of Order II, Rule 2’s applicability did not arise even remotely. This was especially as the previous suits were filed before the appellant discovered the alleged irregularities in the respondent’s divorce documents The Court said, “In our view, since in view of Explanation (b) to Section 7(1) of the Act, the reliefs sought in the proceedings filed before the Family Court could not have been granted by the Civil Court in the suits filed by the appellant, question of applicability of Order 2 Rule 2 did not arise even remotely.” With these observations, among others, the Court remanded the matter back to the Family Court for a fresh decision on the validity of marriage. Expressing that the matter was to be decided expeditiously, preferably within six months, the appeal was allowed. Click here to download the judgment Next Storylast_img read more

From captivity to classroom

first_imgIt was an unimaginable, Kafkaesque ordeal. Iranian police arrested Washington Post reporter Jason Rezaian and his wife, Yeganeh, on vague charges in July 2014. An Iranian journalist for The National, she was released a short time later, but Rezaian, an American who grew up in the Bay Area of California, remained locked away in a notorious prison for months, even spending several weeks in solitary confinement. He was convicted of espionage in October 2015 after what analysts outside Iran said was a show trial. Rezaian’s captivity became international news thanks to relentless efforts by his brother, Ali, Post executive editor Martin Baron, and others who took to social media via the hashtag #FreeJason to raise awareness of his plight and put pressure on top U.S. government officials, even as diplomatic negotiations heated up to strike what would become a landmark nuclear accord with Iran. In January, 543 days after his arrest, Rezaian was released along with three others as part of a prisoner swap in tandem with the controversial return to Iran of $400 million in frozen assets that had been held by the United States since the overthrow of Mohammad Reza Shah Pahlavi in 1979. Now back in the United States, Rezaian, 40, has avoided the spotlight and hasn’t spoken publicly about his experience. He’ll spend the academic year at Harvard as part of the 79th class of Nieman Fellows studying the evolution of U.S.-Iran relations. His wife will be a fellow at the Shorenstein Center on Media, Politics and Public Policy this fall and write about the challenges facing female journalists in Iran. The couple recently spoke with the Gazette as they began their new lives in Cambridge.GAZETTE: How are you settling into campus life?REZAIAN: I love it. It’s been a long time since I’ve been on a campus, and all the schools I’ve attended have been very urban. Obviously, this is the campus, so it’s pretty exciting to be around it. For me, it’s just a lot of fun to experience that and see the undergraduates and their elation and anxiety about coming to a new place. I feel a lot of it as well. I think for me the challenge is going to be just keeping track after not having a lot of things to keep track of for a while (laughs).GAZETTE: What have you been up to since January?REZAIAN: I’ve been doing some writing for myself. I’m still with The Post on an extended leave.GAZETTE: Do you envision going back at some point?REZAIAN: I hope so. That’s the plan. I’m on staff. The news executives and I have spoken about not wanting to rush into assignments. Everybody’s been fantastic, and they said “You know what, let’s push it off until next year, and we can talk about it in early 2017.”GAZETTE: Outside of this fellowship, are you based now in D.C.?REZAIAN: For now. I’d never lived there before. I’d always lived in San Francisco; that’s where I grew up. And I had been in Tehran for seven years. But Yegi and I really love D.C., and I think ultimately that’s where we’ll probably end up. I had visited a few times in my early 20s and then eight or nine years ago. It’s a different town, and we’ve obviously had a really nice reception there since all of this happened to us, and it feels like the right place for us to probably lay some roots down for a while.GAZETTE: You haven’t spoken publicly yet about your experience? Why is that?REZAIAN: I’m planning on how I want to tell my own story. I feel like my situation and my experiences are unique in some ways. I was a journalist thrust into this really bizarre and, in some ways, incredible situation in the midst of the beat that I was covering. So I think unpacking this story is my job to do. I just have felt like it would be better to really process it and discover all the moving pieces before I reveal too much about what it was like.GAZETTE: You’re used to writing about other people. You know what to do, you know what to ask people, how to approach things and research things. How do you write about yourself, especially when you probably had the least information about what was happening?REZAIAN: Yeah. It’s difficult. There’s a lot of reporting I have to do. I’m always surprised when I read a story that’s reported from a great distance. And I think in this situation, to do justice to myself and my experience, I really have to be cognizant and mindful of really reporting it out and finding out what happened.GAZETTE: Were you surprised at the amount of attention your imprisonment received?REZAIAN: Oh yeah, sure. I had some knowledge from visits from my wife and my mom about the efforts that were being undertaken on my behalf, but there was no way in the isolation that I was experiencing that I could really comprehend the extent to which the support reached out in so many different directions.GAZETTE: Not just at the paper and your family and friends, but strangers. There was a hashtag #FreeJason going around, there was a letter to the Iranian government from famous academics like Noam Chomsky, Steven Pinker, and others, a petition signed by people who don’t even know you …REZAIN: More than half a million people!GAZETTE: It was a cause célèbre. You became the face of journalists who’ve been persecuted and attacked, which is many.REZAIAN: I think it’s a challenging mantle to carry. But it was a really overwhelming thing to come out and witness.GAZETTE: It must have been very rewarding to see how committed your family, friends, and even strangers were about you, working so hard to get you released?REZAIAN: That was for me really the most — I don’t know if gratifying is the right word. … The commitment of my family, my employers, my colleagues in the media [was] just above and beyond what anybody could ever ask for.GAZETTE: Will you or Yegi ever go back to Iran?REZAIAN: That’s such a hard question for me to answer. I think that I’m a really optimistic person, and I believe that we will. But a lot will have to happen globally and personally [laughs] before the stars would align.GAZETTE: Could you see yourself being a foreign correspondent somewhere else at some point?REZAIAN: I haven’t thought about it too much yet. I feel like I need to process and tell this story before I move on to other possible beats, but I can tell you I’m not going to stop writing.GAZETTE: I read that you went to Iran with the hope of telling stories that better reflected the complexity and richness of daily life there. Will you continue to do that in some fashion, if not from Iran? And why is that important to you?REZAIAN: For me, the best journalism is usually the best storytelling, and the best stories are those of real people. Sometimes those real people are people in positions of great prominence or power or adverse situations, and sometimes it’s just normal folks who help illuminate a situation, a place, a culture. And for me, that’s always been the best way of telling a story.GAZETTE: In your interview with Anthony Bourdain on CNN’s “Parts Unknown” [filmed a couple of weeks before his arrest], you sounded very optimistic and positive about where Iran is headed (politically, economically, socially). Do you still feel that way?REZAIAN: I think in any country you have macro situations and micro ones. Like a lot of places, it’s a country that’s evolving, and the thrust of that evolution I think is still being played out right now. And as I told you before, I’m a very hopeful person.GAZETTE: Bourdain said Iran wasn’t what he expected. What is it about Iran today that Americans don’t know, but should?Shorenstein Fellow Yeganeh Rezaian (left) and Nieman Fellow Jason Rezaian are pictured in front of Lippman House at Harvard University. Stephanie Mitchell/Harvard Staff PhotographerY. REZAIAN: I can just generally say that Iran is a very multilayered, controversial country. There are so many contrasts and controversies that question themselves within whole different layers. It’s not an easy place to wrap up in one answer or one question. It’s a very multicultural, multiethnic place. There are millions of things that if you never travel there, it’s easily possible that you never see or never hear of them. The people, culture, ideas, things that are happening in normal situations every day. It’s seven months that I’m here in America, and I just know that there’s a huge gap between the two nations. I’m not talking about the two governments. I’m just talking about the two nations. I just found that the knowledge of ordinary Americans about Iran is very small — which is totally expected.REZAIAN: And I think that response of “Wow, it’s so different than what I expected” is pretty much the response of every foreign visitor we ever had — and we had a lot of them. And it’s a big part of why I chose to do that job. I’ve been very clear about this over the years: “No value judgment. There’s great things about this country, there’s terrible things about this country. Here it is.” This is my interpretation of that.GAZETTE: Do ordinary Iranians view the U.S. government as darkly as many Americans view Iran’s?Y. REZAIAN: It’s difficult to generalize it. In terms of how Iranians see the U.S. government, that’s a difficult question. But in terms of how Iranians see Americans, there is a very good mutual belief that they have so much in common with American people and they feel totally related to them. In terms of government, definitely there are some hardcore hardliners who hate the U.S. government, but at the same time, there are some more moderate.GAZETTE: What attracted you both to Harvard, and what will you be doing?REZAIAN: This is incredible. It’s the greatest university in the world, and really the greatest program for journalists, so it was an incredible opportunity to be around some really accomplished and varied colleagues from different backgrounds covering different parts of the world and bringing different skills and talents. I’m just really excited to be a part of it. I’m going to try and soak up as much as I can and try to get smarter. [Laughs.]Y. REZAIAN: For me, I feel totally honored and blown away just to be here. It’s the greatest opportunity, and I’m very happy just to learn, see, and experience things that maybe a girl who just left Iran seven months ago cannot have the opportunity to see or learn. I’m very happy and excited to be here … I’m hopeful not only do we have so many things to learn, but also we have something at least to offer. At the Shorenstein Center, I have to do a research paper. It’s not definite yet, but the main focus is about female journalists in Muslim, patriarchal societies and what they go through to do their job, what are the hardships or difficulties.REZAIAN: It’s really incredible, and just looking at our schedule, the people who we’ve come across in this first week of orientation, it’s awesome. You asked why we were drawn to this. I mean, it’s just the culmination of all these things. I’m just really looking forward to undoing some of the rough patch and the road that we went through over the last couple of years. Overall, I’m just looking for ways to enhance my storytelling skills and learn new skills and add them to what I already know, just to become a better journalist.This interview has been lightly edited for clarity and length.last_img read more

A small lesson from a large project

first_img 52SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr A trait of my elementary school teaching years, I often find that children’s literature captures lessons still applicable in adulthood. It’s strange, as adults, we spend hours digesting complex situations, analyzing and cross-referencing data, studying focus groups, research and the like; and still often times the solutions can be a simple as the lessons inspired by grade-school stories and nursery rhymes.Within our organization, I spent months purposing, convincing, and training our teams to care about member experience.  Creating compelling cases to better understand member’s needs – not just on a transactional level – but to truly understand how it feels to be a member. Within this I had my own visions – creating process efficiencies, enhancing workflows, telling stories to our leaders with data.  What I did not anticipate was that when I asked our teams to capture the feelings of our members—they would do just that.As our team members were empowered to engage with our members differently, the member’s stories were given a voice, and our CRM became the vehicle calling these stories to life. Transforming beyond just a call center or branch, our front lines felt empowered to use our CRM not just as a means for problem resolution, but as an engine to create impact. continue reading »last_img read more

“Our customers aren’t ready” and other excuses

first_imgThere are plenty of excuses to stick with the status quo instead of accepting the need for change and working toward improvements. Sometimes it’s easier to stick with the familiar. Change can be hard work. And where’s the guarantee that striking out in a new direction will lead to success? But few excuses ring true when it comes to stepping up your branch experience in line with evolving consumer expectations. What accountholders want and need when they visit a branch is changing, and financial institutions that aren’t keeping pace are losing ground to competitors that are committed to upgrade their service delivery. Let’s consider—and debunk—some of the common excuses that bank and credit union leaders may cite as rationale not to step up their game.“Our accountholders aren’t ready for change.”This argument is especially likely to resonate with frontline staff who are on a first-name basis with the “regulars” at their locations. And it is true that some accountholders prefer to stop by their neighborhood branch for even the most routine transactions and don’t mind waiting for service. On both counts, but especially when it comes to patience for queuing up, those numbers are dwindling. When consumers are introduced to a better way to receive service—that doesn’t involve standing in line and wasting valuable time—their expectations change quickly. And they are already encountering innovations in convenient access at a variety of retail outlets, as the Kronos 2019 Branch Appointment Study notes: Starbucks’ mobile app gives customers the option to order and pay for their coffee in advance for pickup without waiting in the cashier line. McDonald’s is rolling out self-service ordering kiosks to reduce congestion at the front counter. And Apple invites customers to schedule in-store appointments via online and mobile channels for product consultations and technical support. Opportunities for similar technology assists are available to financial institutions to enhance branch service delivery. Appointment apps allow accountholders to schedule consultations with financial service professionals, and lobby tracking software can guide staff scheduling for periods of peak transaction volume and alert managers when wait times exceed service standards so they can redirect employees to help handle the extra demand.“This is the way we’ve always done things.”Sticking with standard operating procedures over years and even decades is rarely a recipe for long-term success. Delivering branch service the same way you did 15 or 20 years ago is no longer acceptable, largely because of evolving consumer expectations for prompt, professional service. The saying, that doing things the same way and expecting different results is one definition of insanity, is attributed to Albert Einstein, but it doesn’t take a genius to know that if you want better results for your branches, you need to improve service delivery. “We have online and mobile services for people who want them.”It’s not an either/or for most accountholders. Consumers today want the option to sign online for account access, to use mobile services—and to visit a branch. The J.D. Power 2018 U.S. Retail Banking Advice Study reports that bank and credit union branches remain the go-to choice for consumers looking for guidance on topics such as savings options, retirement strategies, and mortgage products. As the Kronos appointment study notes, “When it comes to complex and sophisticated transactions, most accountholders still prefer to meet in person with a knowledgeable staff member at a branch location.” Offering the option to schedule an appointment allows them to plan for those consultations at their convenience and lets branch staff know what services are requested so they can be prepared to respond promptly and efficiently. “We’re known for our personal service.”That used to be an effective knock against big banks, but the J.D. Power survey notes that large retail FI’s have steadily improved customer satisfaction ratings in recent years due to technology investments aimed at improving banking convenience and providing more consistent products and services. “These findings suggest that financial institutions should continue to invest in technology solutions that make each retail branch experience as satisfying as possible for the account holder,” the Kronos study advises. “We can’t afford to change.”Some financial institutions are making major investments to revamp their branch operations. According to business research cited in the appointment study, 55 percent of the financial services respondents to a 2017 survey planned to increase spending on customer service initiatives.It is possible to make significant service improvements without a big budget and to offset technology investments by streamlining operations and increasing sales. Staff scheduling and lobby tracker software can increase branch efficiency by aligning employees’ schedules with periods of peak demand, and appointment-setting technology can underscore that your financial institution values your account holders’ time as much as they do. Appointment apps can also help expand sales, since consumers are more likely to schedule a visit to discuss revenue-producing products like mortgages and auto loans. As the Kronos study concludes, “As credit unions across the country continue to redefine and reconfigure their branches, appointment-setting technology can help financial institution leaders improve the service experience, increase operational efficiency, and increase sales for better business outcomes.” In other words, there’s no excuse not to keep pace with consumers’ evolving expectations for their branch experience. 3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Chad Davis Chad Davis is Industry Sr Solutions Marketing Manger, F5 Networks, which is the leader in app security and multi-cloud management. He can be reached at [email protected] Web: Detailslast_img read more