Nadia Yaqub | Thursday, 1st April, 2021 There has been a flurry of UK IPOs (Initial Public Offerings) this year. I’ve commented on a few of them, including Moonpig and Kanabo.But just because a company has decided to float on the UK stock market doesn’t mean I should pile in. Here are four things I’d consider before buying.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…#1 – Exciting opportunitiesI can’t deny that the latest UK IPOs have given investors, like myself, some exciting opportunities to invest in. I guess there’s more for me to choose from. It’s great when I see a private company go public where there isn’t a direct, existing listed company to compare it to.I’m thinking of companies such as the cannabis firm Cellular Goods and the independent review platform Trustpilot. I must admit, it’s hard not to get easily swayed by the investment euphoria such UK IPOs create.#2 – Existing investorsOne thing I’m mindful of when it comes to UK IPOs is the existing investors. Typically, private equity firms and venture capital firms have been invested in the company for some time, and an IPO is part of their exit plan. This even means bringing loss-making companies to market from time to time.These types of investors are looking for a high return on investment. So in order to achieve this, they are likely to ‘dress’ a private company for a flotation. In order words, put the best bits about the company forward. This is why I’m wary about UK IPOs and generally don’t get involved.#3 – Lack of transparencyOne of the risks when investing in UK IPOs is the lack of information available. And I’m all for being upfront and transparent. I think it’s worth highlighting that there’s a stark contrast between the public and private worlds. Private companies are not required to give regular trading updates like their public counterparts. This means I have less information to base my analysis on. A private company will typically release a lengthy IPO prospectus, but this gives me minimal information.In fact, I should point out there’s bias in the IPO documents available to investors. These have typically been written by the analysts and investment banks involved in bringing the private company to market. Of course, they will sell the company because its their job and they are getting paid to do it.But I’m having to use this IPO documentation as my primary source of information. This is why I currently don’t invest in UK IPOs and adopt a wait-and-see approach to see how the shares will trade when listed.#4 – High valuationsOf course, UK IPOs will be sold to investors to receive a high valuation. But I think investors should be careful of this. For example, Deliveroo, the food delivery firm, has had to reduce its valuation due to concerns over workers’ rights.I reckon the true test is to see how the shares respond when listed. I’d expect some stock price volatility, but if the price drops significantly then it’s likely the IPO valuation was too high.As I mentioned before, I typically hold fire on investing at or straight after UK IPOs and will monitor the share price to let the euphoria subside. I’m a prudent investor and don’t want to overpay for a stock. Simply click below to discover how you can take advantage of this. UK IPOs: 4 things I’d consider before buying 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. Our 6 ‘Best Buys Now’ Shares Nadia Yaqub 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. Are you on the lookout for UK growth stocks?If so, get this FREE no-strings report now.While it’s available: you’ll discover what we think is a top growth stock for the decade ahead.And the performance of this company really is stunning.In 2019, it returned £150million to shareholders through buybacks and dividends.We believe its financial position is about as solid as anything we’ve seen.Since 2016, annual revenues increased 31%In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259Operating cash flow is up 47%. (Even its operating margins are rising every year!)Quite simply, we believe it’s a fantastic Foolish growth pick.What’s more, it deserves your attention today.So please don’t wait another moment. Get the full details on this £5 stock now – while your report is free. Image source: Getty Images FREE REPORT: Why this £5 stock could be set to surge 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. Enter Your Email Address See all posts by Nadia Yaqub read more
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! The high-calibre small-cap stock flying under the City’s radar The Amigo (LSE: AMGO) share price is sliding today after trading in the company’s shares resumed after a short suspension. It would appear as if investors are selling up ahead of a decision from the High Court regarding the company’s customer compensation plan. Amigo share price decline Amigo had applied to the High Court for permission to cap compensation payments to its customers. It made this application following a deluge of compensation claims, which management warned the company can’t afford.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…The application was also made to provide a more equitable outcome for all stakeholders. Unfortunately, the industry’s regulator, the Financial Conduct Authority (FCA), has already opposed the plan. This doesn’t necessarily mean the court will deny it, but it doesn’t instil confidence.The FCA is fighting the company in the High Court as it doesn’t believe shareholders should benefit at the expense of borrowers. However, Amigo said if it doesn’t win the case, not only will the firm’s shareholders suffer, but so will borrowers too.Management estimates the group will face claims totalling around £320m if the company goes into administration. Its assets are worth £312m-£325m, and the insolvency process would cost £37m. That would leave most creditors out of pocket. The Amigo share price was suspended on Wednesday, pending the decision by the court. Trading has been resumed after the court said it could take a few days to arrive at a conclusion. Even if it’s granted permission to cap payouts, it’s unlikely this will be the end of the saga. With claims against the group mounting, and resources drying up, it seems like Amigo will have to raise additional funding from shareholders to keep the lights on. Even if it can avoid a cash call, it could be a while before the business fully recovers.Breathing room That said, the company still has breathing room. While this remains the case, it still has the chance to turn itself around. Peer Provident Financial has drawn a line under its mis-selling claims by refocusing the business on its credit card division. It’s not too late for Amigo to take a similar course. Management could refocus the enterprise on another regulated credit market. This could have a positive impact on the Amigo share price. Still, despite this potential, I think the risks are stacked against the business. Therefore, I wouldn’t buy the stock from my portfolio today. In my opinion, whichever course the company takes, it could be years before we see any final resolution. There are also some serious ethical concerns surrounding guarantor lending that I’m not entirely comfortable with.I think there are plenty of other businesses on the market with more attractive risk/return ratios and no ethical dilemmas. The Amigo share price plunges 30%. Here’s why Simply click below to discover how you can take advantage of this. Image source: Getty Images Enter Your Email Address Our 6 ‘Best Buys Now’ Shares Rupert Hargreaves | Friday, 21st May, 2021 | More on: AMGO 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! Rupert Hargreaves 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. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. See all posts by Rupert Hargreaves read more
ArchDaily “COPY” Houses “COPY” Architects: Dva Arhitekta Area Area of this architecture project CopyAbout this officeDva ArhitektaOfficeFollowProductsGlassConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesZagrebHousesCroatiaPublished on November 10, 2011Cite: “Black House / Dva Arhitekta” 10 Nov 2011. ArchDaily. Accessed 11 Jun 2021.
Planner: Projects Year: ArchDaily 151 dwellings in ZAC du Pré Gauchet / a/LTASave this projectSave151 dwellings in ZAC du Pré Gauchet / a/LTA 151 dwellings in ZAC du Pré Gauchet / a/LTA Atelier Ruelle ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/781091/151-dwellings-in-zac-du-pre-gauchet-a-lta Clipboard CopyApartments•Nantes, France Year: Architects: a/LTA Area Area of this architecture project “COPY” Area: 11635 m² Area: 11635 m² Year Completion year of this architecture project ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/781091/151-dwellings-in-zac-du-pre-gauchet-a-lta Clipboard Developer:Nantes AménagementDesign Team:CETRAC + LALUCity:NantesCountry:FranceMore SpecsLess SpecsSave this picture!© S. ChalmeauRecommended ProductsWindowsVEKAWindows – SOFTLINE 82 ADWindowsStudcoSteel Window Reveal – EzyRevealWindowspanoramah!®ah!38 – FlexibilityWindowsRodecaAluminium WindowsText description provided by the architects. The project consists of three housing building on a foundation of business premises. It is articulated by a landscaped garden with vegetal and mineral nuances. We believe that “beautiful” housing accommodations are bright, well-oriented and offer wide views. This is what we have planned for the three buildings with views to Nantes city or to the river. We used the same codes and registers with small changes for each project.Save this picture!SchemeThe aim is to distinguish each entity while having an overall unity. Thus the limelight of the housings through their outside extensions (such as loggias and terraces), put into the light buildings from public spaces. The intrinsic quality of the housings draws the facades. The architecture emphasises the use and the opportunity offered by the housing. We did not want a demonstrative architecture, but rather an architecture that invites you to move in. We are particularly interested in the orientation of housing. Thus the vast majority of the flats has a Southeast or Southwest exposure. And most units have a double crossing angle or orientation. The slenderness of the corners’ buildings forms two “towers” that ends the plot and touches Picasso’s alley, even though the below central building connects with the garden.Save this picture!© S. ChalmeauSave this picture!SchemeSave this picture!© S. ChalmeauProject gallerySee allShow lessChildren and Family Center in Ludwigsburg / VON MSelected ProjectsThe Corner House in Kitashirakawa / UME architectsSelected ProjectsProject locationAddress:Nantes, FranceLocation to be used only as a reference. It could indicate city/country but not exact address. Share Save this picture!© S. Chalmeau+ 30 Share Photographs CopyAbout this officea/LTAOfficeFollowProductsGlassSteelConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousingApartmentsNantesFrancePublished on January 31, 2016Cite: “151 dwellings in ZAC du Pré Gauchet / a/LTA” 31 Jan 2016. ArchDaily. Accessed 11 Jun 2021.
Advertisement 13 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis CAF and NCVO to promote giving AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 14 August 2000 | News Charities Aid Foundation and the National Council for Voluntary Organisations will drive a generic campaign, promoting tax-effective giving across the country.Read CAF and NCVO join forces to draft plans for giving campaign at CAF. About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. read more
New Head of Individual Gifts at SeeAbility About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis 20 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 13 January 2009 | News Emma Smith has been appointed as Head of Individual Gifts at SeeAbility. The role has been newly created to support a major growth phase of the charity and implement new donor strategy.She joined the Surrey-based charity at the beginning of this month from Samaritans where she was Senior Direct Marketing Officer for five years, focusing on the acquisition of regular givers and new cash donors.Emma Smith took up her post at the beginning of January.www.seeability.org Tagged with: Individual giving Management Recruitment / people read more
103 total views, 2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis1 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. Melanie May | 1 April 2016 | News Advertisement Jaffa oranges are turning red today, in celebration of the orange producer’s new partnership with the British Heart Foundation.The new All-Red, a pillar box red orange, is an extension of the Jaffa Red range of oranges, and has red peel as well as segments. The colour is a result of higher levels of the pigment, anthocyanin, which gives Jaffa red oranges their red segments. The All-Red is being sold exclusively in Tesco stores nationwide.The launch of the All-Red orange marks Jaffa’s two-year partnership with the BHF. Together with Tesco, Jaffa will be supporting all of the BHF’s bike rides including the charity’s 54-mile London to Brighton Bike Ride.Nancy Smyth, head of events at the BHF said:“We are thrilled at this unique way Jaffa has chosen to mark the start of our partnership. Together with Tesco, Jaffa will be supporting our entire cycling series, which includes on-road and off-road cycling challenges across the UK.” Tagged with: British Heart Foundation Tesco Jaffa turns oranges red for British Heart Foundation 102 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis1 read more
Celebrity round up: 8 personalities supporting good causes 422 total views, 2 views today Advertisement Melanie May | 8 February 2019 | News 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. Chas n Dave & WaterAidDave Peacock led a star-studded evening of entertainment in memory of his musical partner Chas Hodges, while helping raise nearly £40,000 for WaterAid. The event, which took place on 17 December at O2 Shepherd’s Bush Empire in London, featured artists from across the entertainment world. Eric Clapton, Paul Whitehouse, Joe Brown and Ed Tudor Pole were among the stars paying tribute to Chas Hodges, alongside featured musical contributions from Chas’s family. Proceeds from ticket sales and the sale of a commemorative programme, as well as donations on the night, generated £39,541 for the charity.Image: WaterAid/Chloe Bayram, and main image WaterAid/Adam Batterbee Here is a round up of recent announcements about celebrities supporting charities, from Dougray Scott to Peter Andre, and Mr Tumble. Tagged with: Celebrity Brian Blessed & WaterAidActor and comedian Brian Blessed is fronting a campaign that launched in January by WaterAid to show that reaching everyone everywhere with clean water is no pipe dream. In a new advert, which challenges the style of traditional charity adverts, Blessed addresses the frustrations that we are still seeing images of extreme poverty in 2019, and highlights the world’s progress in tackling the water and sanitation crisis. While one in nine people still lack access to one of life’s most basic resource, he shows that change is possible by highlighting the fact that an 1.4 billion people have got clean water since 2000: 21 times the number of people who live in the UK. Rupert Lycett Green & Pancreatic Cancer ActionRupert Lycett Green, former Savile Row tailor and designer, has become Pancreatic Cancer Action’s most recent Patron. He has supported the charity for many years with his biggest event, a 140-mile walk across the Yorkshire Dales and Northumberland National Park, raising over £56,000. Lycett Green was married to Candida Rose Lycett Green, author and daughter of John Betjeman, before she sadly passed away from pancreatic cancer in 2014. Mr Tumble & Red Nose DayBBC Studios and CBeebies have joined forces with Comic Relief on this year’s nursery campaign in support of Red Nose Day on 15 March 2019. Pre-school superstar Mr Tumble, from CBeebies show Something Special, will be the face of the campaign which will offer free fundraising packs to nurseries across the UK. The nursery activity packs are full of fundraising resources to help nurseries get their little ones excited for the day as well as learn more about the world around them. The packs include an activity guide, sponsorship form, a learning poster, stickers and balloons, and resources nurseries need to host their own Tumble-tastic fundraising party; including tips, posters, and tickets. The Something Special nursery fundraising packs are available to order now from the Comic Relief website. Harold Tillman & VarietyVariety, the Children’s Charity has announced the appointment of fashion entrepreneur Harold Tillman CBE as its Chair of the Board of Trustees for 2019: its 70th anniversary. Tillman is an established entrepreneur across fashion and business and an ambassador and champion of British fashion. He has held pro bono positions, including acting as the longest serving Chairman of the British Fashion Council, as a former Trustee of the V&A, and as Chair of the Fundraising Board for the London College of Fashion. In this latter role, he formed his own Scholarship to support students financially to achieve their MA degrees. He has also recently created and funded a new Scholarship for Sustainability. He currently Chairs the Ethical Fashion Forum. Tillman has been a longstanding supporter of Variety and founded the charity’s “Patrons of Variety”, created to fund the work of Variety while bringing together philanthropic and eminent individuals to celebrate the charity. Dougray Scott & WaterAidWaterAid ambassador and actor Dougray Scott visited St Paul’s Cathedral in January, where 800 children’s schoolbags lined the steps as tribute to the number of children under five who lose their lives every day from dirty water. Each of the Cathedral’s 24 entrance steps represent one hour – and the 33 children younger than five who die every hour – a whole class that never make it to school, all for the lack of clean water. The event asked the British public to support to the international charity’s ‘Water Effect’ appeal to help raise £1.5 million to get clean water, decent toilets and good hygiene to more than 20 health centres around the world.Image: WaterAid/Oliver Dixon Peter Andre, Chestnut Tree House & Together for Short LivesPeter Andre has been named as Patron for Chestnut Tree House children’s hospice and Together for Short Lives. The announcement follows his appearances at the Together for Short Lives’ and Disney Nutcracker Ball in November, and Chestnut Tree House’s Snowman Spectacular Fundraising Ball in December. Andre has already supported the charities’ work for a number of years. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis20 423 total views, 3 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis20 Kanu Nwankwo & Kanu Heart FoundationDigital money transfer service Azimo has raised over $125,000 for the Kanu Heart Foundation (KFH). The charity, founded by footballer Kanu Nwankwo, helps children with serious cardiac diseases obtain life-saving medical treatment within and outside Nigeria. Nwankwoset up the charity after suffering heart problems during his football career. Azimo has been raising money for the charity since January 2017. Every time an Azimo customer makes a transfer to Nigeria, the company makes a donation to KHF. The CEO, Michael Kent, presented the cheque to the football legend himself at Azimo’s office in London. read more
News Daw Aung San Suu KyiState CounsellorMinister of Foreign AffairsMinister of the President’s Officeof the Republic of the Union of MyanmarState Counsellor Office No 8Naypyitaw, MyanmarParis, 7 September 2017Dear State Counsellor,After your party, the National League for Democracy, won the November 2015 general election, Myanmar’s journalists hoped that they would be free to work and would no longer have to fear arrest or imprisonment when they criticized the authorities. Two years later, Reporters Without Borders (RSF, also known under its French name Reporters sans frontières) is forced to conclude that media freedom has clearly not been one or your government’s priorities.Now that clashes between Myanmar’s armed forces and Rohingya fighters have left more than 400 dead and caused an exodus of around 130,000 refugees to Bangladesh, it seems urgent that journalists should be allowed to do their job of investigating and reporting in the western state of Rakhine. In RSF’s view, this is the only way to be able to shed light on the responsibility of the various parties for triggering the unprecedented humanitarian crisis in this region.Yesterday, you blamed “terrorists” for “a huge iceberg of misinformation”, objecting to the expression “ethnic cleansing”, which has been used several times by Nobel laureates to describe what the Rohingya minority has suffered in Rakhine.Since the start of the current crisis, Myanmarese and foreign journalists have been systematically denied access to the conflict region by the military authorities, with the result that the only reliable information has come from interviews with refugees who fled into Bangladesh and from the smoke of burned villages that can be seen from the border. RSF firmly condemns this state of affairs, which recalls the worst moments for media freedom during the five decades of military dictatorship in Myanmar.These restrictions have been compounded by cases of blatant censorship. In particular, RSF voices its support for the BBC, which had to suspend local retransmission of its Burmese-language service on 4 September. The BBC was censored by its local broadcast partner, which refused to retransmit content if the term “Bengalis” was not used to refer to Rohingyas.RSF regards these violations of the freedom to inform as unacceptable in a country that claims to be in a transition to democracy. As head of the government, your silence on these media freedom violations is absolutely deafening. Must we remind you of what you said when you were freed in 2010, namely that “the basis of democratic freedom is freedom of speech”? Must we remind you of the assurances you gave to RSF in 2011 about your commitment to media freedom?Today we have to point out that many journalists have been silenced since you took over as head of your country’s government in April 2016.In June of this year, RSF condemned the detention of three journalists – Aye Naing and Pyae Phone Naing of Democratic Voice of Burma and Thein Zaw of The Irrawaddy – under the Unlawful Association Act, a law widely used by the previous military government to silence dissent when you were heading the opposition from prison or house arrest.At the start of June, we issued a press release about the defamation suit that the armed forces brought against two Voice Daily journalists over a satirical article regarded as insulting. Shortly before that, Myo Yan Naung Thein, an imprisoned blogger who is a member of your party, was convicted in April of defamation over a comment criticizing the head of the armed forces. At the start of this week, RSF issued a press release deploring the fact that the journalist Swe Win was going on trial on a charge of defaming Ashin Wirathu, a fundamentalist Buddhist monk who is notorious for his use of hate speech.These are just a few of the nearly 70 journalists who have been prosecuted under article 66(d) of the 2013 Telecommunications Act. RSF asks you to ensure that this article is amended again because it still criminalizes the provision of news and information and because its vagueness facilitates disregard for the rule of law with respect to journalists and their work.Awarded the Sakharov Prize in 1990 and the Nobel Peace Prize in 1991, you are a leading figure in the defence of human rights in general and freedom of the press in particular. RSF urges you to remain equal to the moral authority that these awards gave you, by doing what is necessary to better ensure respect for the freedom to inform.I respectfully thank you for the attention you give to this letter.Sincerely,Christophe DeloireSecretary-general Organisation May 31, 2021 Find out more Related documents rsf_openletter_aungsansuukyi.pdfPDF – 982.99 KB News May 26, 2021 Find out more September 6, 2017 – Updated on August 23, 2019 RSF appeals to Aung San Suu Kyi in open letter about press freedom in Myanmar News Help by sharing this information Follow the news on Myanmar MyanmarAsia – Pacific Condemning abusesReligious intoleranceProtecting journalistsOnline freedomsMedia independence Judicial harassmentArmed conflictsFreedom of expressionNobel PrizeInternet MyanmarAsia – Pacific Condemning abusesReligious intoleranceProtecting journalistsOnline freedomsMedia independence Judicial harassmentArmed conflictsFreedom of expressionNobel PrizeInternet News Thai premier, UN rapporteurs asked to prevent journalists being returned to Myanmar RSF asks Germany to let Myanmar journalist Mratt Kyaw Thu apply for asylum to go further State Counsellor Aung San Suu Kyi (Photo : AFP). US journalist held in Yangon prison notorious for torture RSF_en Receive email alerts May 12, 2021 Find out more read more
ColumnsRight To Maintenance: Why High Courts Should follow The Lead Taken By The Delhi High Court Yuvraj Francis5 Jun 2020 5:09 AMShare This – xFamily Courts throughout India have faced issues pertaining to grant of maintenance. There is always a tussle to figure the accurate income of the parties while Courts consider granting maintenance under various personal laws, Section 125 Cr.P.C and the Domestic Violence Act. The term maintenance is defined, in Blacks Law Dictionary [6th Edn., pp. 953-54], as “the furnishing by one…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?LoginFamily Courts throughout India have faced issues pertaining to grant of maintenance. There is always a tussle to figure the accurate income of the parties while Courts consider granting maintenance under various personal laws, Section 125 Cr.P.C and the Domestic Violence Act. The term maintenance is defined, in Blacks Law Dictionary [6th Edn., pp. 953-54], as “the furnishing by one person to another, for his or her support, of the means of living, or food, clothing, shelter, etc. particularly where the legal relation of the parties is such that one is bound to support the other, as between father and child, or husband and wife.” According to the Punjab & Haryana High Court in Jaspreet Singh Vs. Gurleen Kaur [CRM-M-36522/2017]; “The right to maintenance is not awarded as a punitive measure but to serve social cause to prevent the wife form being forced into vagrancy.” Courts in India in most cases have taken a liberal approach to granting maintenance to wife and preventing the wife from undue suffering. The Supreme Court in Badshah vs Sou. Urmila Badshah Godse [(2014) 1 SCC 188] had observed that the “Provision of maintenance would definitely fall in this category which aims at empowering the destitute and achieving social justice or equality and dignity of the individual. While dealing with cases under this provision, drift in the approach from “adversarial” litigation to social context adjudication is the need of the hour.” The Courts on various occasions have observed and the purpose of maintenance is not only to provide basic necessitates but also similar standard of living in her matrimonial home. The Delhi High Court in Jayant Bhargava Vs. Priya Bhargava [181(2011) DLT 602] had held that “It is settled position of law that a wife is entitled to live in a similar status as was enjoyed by her in her matrimonial home. It is the duty of the courts to ensure that it should not be a case that one spouse lives in a life of comfort and luxury while the other spouse lives a life of deprivation, poverty.” However, for Courts to grant appropriate maintenance to wife it is imperative that Courts are able to figure the accurate income of the husband and the cost of maintaining their standard of living. The issue is not only to prevent the husband from disclosing lower income but also to prevent the wife from claiming exaggerated or inflated income of the husband. The Supreme Court in Jasbir Kaur Sehgal vs. District Judge, Dehradun & Ors. [(1997) 7 SCC] had observed that in matrimonial disputes, there is an invariable tendency of the wife to present inflated or exaggerated income of the husband as a consequence of which some guess work on the part of the court is permissible. The Delhi High Court in Radhika Vs. Vineet Rungta [AIR 2004 Delhi 323] had stated that “Cases where the parties disclose their actual income are extremely rare and that experience dictates that a safer and surer method should be employed for coming to a realistic conclusion.” The Madras High Court in Ashok Subramaniam vs. Srividhya [CMA No. 1354/1355 of 2018] had observed that “Maintenance is always dependent upon factual situation, the Court should, therefore, mould the claim for maintenance determining the quantum based on various factors brought before the Court.” Therefore, it became important for Courts to evolve a mechanism by which the Court could figure the income of the parties and the cost to sustain their lifestyles. The lead to evolve such a mechanism was taken by the Delhi High Court in 2011 when it passed the Judgment in Puneet Kaur vs. Inderjit Singh Sawhney [2011(30) RCR (Civil) 271]. The High Court in the case directed the parties to file affidavits containing details such as Educational qualifications, Professional qualifications, Income, Brand of vehicle or mobile owned, Investments, Liabilities, instalments of different categories of loans, educational expenses of children, mobile bills, club membership fees, salary of domestic helps etc. However it was in 2015 when the Delhi High Court via its Judgement in Kusum Sharma Vs. Mahinder Kumar Sharma [2015(5) RCR (Civil)] issued directions that affidavits shall be filed by the parties in a format of “Affidavit of assets, income and Expenditure”, forming part of the judgement as Annexure ‘A’. The High Court directed that affidavits should be filed in prescribed format only. The Delhi High Court in 2017 modified the 2015 Kusum Sharma Judgement [2017(241 DLT 252] and the format of the Affidavits required to be filed by the parties as prescribed in Annexure ‘A’ was modified and fresh format of affidavits was circulated as Annexure ‘A-1’. It was further held that it shall not be mandatory to file the requisite affidavits along with the petition and written statement, but the same are required to be filed simultaneously by the parties immediately after the completion of the pleadings. The High Court further granted liberty to Family Courts in Delhi to determine the nature and extent of information/documents necessary and shall direct the parties to disclose such relevant information and documents to determine their true income. The High Court also granted exemption in appropriate cases such as cases belonging to the lowest strata of society or of a litigant who is permanently disabled/paralytic, the Court in such cases may dispense with requirement of the filing of the affidavit or modify the information required. The High Court through its various modifications in the Kusum Sharma judgement had evolved a mechanism for determining the actual income of the parties in all matrimonial cases including cases under Hindu Marriage Act, 1955, Protection of Women from Domestic Violence Act, 2005, Section 125 Cr.P.C., Hindu Adoption and Maintenance Act, 1956, Special Marriage Act, 1954, Indian Divorce Act, 1869, Guardians and Wards Act, 1890 and Hindu Minority and Guardianship Act, 1956. The guidelines issued by the Delhi High Court are today followed by all the family Courts within its jurisdiction. However, other High Courts have not fully adopted the mechanism evolved by the Delhi High Court. The Punjab & Haryana High Court is the only other High Court that has directed all the family courts in Punjab, Haryana and Chandigarh to follow the directions issued in the Kusum Sharma Judgements and prescribed the Affidavit of assets, income and expenditure to be filed mandatorily though its judgment passed in Jaspreet Singh Vs. Gurleen Kaur [CRM-M-36522/2017]. The Punjab and Haryana High Court granted liberty to family courts within its jurisdiction to modify the format and the directions as may be deemed necessary in the facts and circumstances of the case. The Madras High Court in Shanmugasundaram vs Sudha [CMA/CMP -726/5894 of 2016] observed that it is high time that the procedure laid down by the Delhi High Court is a model to be emulated by all the Courts dealing with matrimonial disputes. The Madras High Court upheld the Family Court, Coimbatore, maintenance order which was granted after considering “essential factors” such as considering the nature of job done by the husband, his earnings from his business and personal earnings by conducting yoga classes. However, the Madras High in Shanmugasundaram judgement refrained from directing Family Courts in Tamil Nadu and Puducherry from making filing of income affidavits mandatory. Madhya Pradesh High Court in Sudhakar Kumar Vs. Navita Kumar [M.Cr.C. NO. 17494/2017] upheld the Order for maintenance under Section 125 Cr.PC based on the income particulars ordered to be filed by both the parties by the Trial Court. The High Court did not find any abuse in the process of law if the particulars of income was demanded by the Court if they are relevant and helpful to the Court and if it also helps in proper adjudication of the dispute between the parties. The Gujarat High Court in Whether this case involves A vs. Palvinder Singh Sampuran Singh Oberoi [R/CR.MA/24632/2015] had modified the maintenance granted to the wife after the wife submitted income tax returns obtained under the RTI Act on the basis of the Kusum Sharma Judgement which had held that I.T. Returns, annual returns of assets, investments, etc. though were declared as private or personal or third party information, however, as far as spouses are concerned, they are not private, personal or third party information particularly in the context of matrimonial disputes, and especially for maintenance purpose. The Affidavit of assets, income and expenditure introduced by the Delhi High Court was also prescribed by the Supreme Court in Shalu Ojha Vs. Prashant Ojha [(2015) 2 SCC 99]. The Supreme Court directed the wife to file her income affidavit which would be in the format prescribed in the judgement of the Delhi High Court in Kusum Sharma. The Supreme Court pawed way for High Courts to draw inspiration and introduce income affidavits introduced by the Delhi High Court as legitimate and time saving method for granting maintenance. However, Majority of the High Courts have not followed yet.Views Are Personal Only Next Story read more
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