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4 résultats trouvés

  1. This will surely be appealed, but it's one step closer to perhaps re-establishing a heavy maintenance presence in Montreal, and getting some good people their jobs back. This is a sad story which shouldn't have happened in the first place. http://tvanouvelles.ca/lcn/judiciaire/archives/2015/11/20151103-215554.html
  2. CZWG's Wembley student housing passes planning consent kick starting regeneration A £25m student accommodation project for Victoria Hall Ltd which was initially refused planning permission has passed on appeal and will soon join the landscape near London's Wembley Stadium. “The proposed building is of an outstanding architectural and urban design quality,” said the inspector. “It would create an attractive landmark enhancing the Stadium environs as well as the Capital” continues the report which upheld the recent planning appeal and granted consent. 435 student rooms will be provided on a 0.32 hectare site at the edge of the regeneration area around the new Stadium, near the entrance to Wembley Park Station. The building is planned as three wings around a central tower which steps and spirals up to 20 storeys. The wings are differing heights responding to neighbouring lower and higher residential and commercial buildings and an adjacent amenity space. The facades of the two wings that face south are to be partly clad in photovoltaics, their dark colour contrasting with the silver grey of the other metal cladding panels. The windows which are set in a diagonal pattern across the facades are recessed in chamfered reveals to increase their visual scale and depth. Active frontages to the street include a spectacular double height central entrance, a launderette, management offices and extensive bicycle parking. There are two landscaped amenity areas, the one to the west is intended for gatherings, the other which adjoins and visually extends the neighbouring residents garden will be reserved for quieter uses. The scheme had the recommendation of Brent Council officers and the support of the GLA but was turned down by councillors. The inspectors report and consent is the result of the subsequent public inquiry (enclosed). Piers Gough of CZWG said, “We are very happy for our client who had backed good design over expediency to resolve the issues on this key site”. The building will be on site in late 2009 and completed by mid 2011, acting as one of the first properties to kickstart the regeneration. http://www.worldarchitecturenews.com/index.php?fuseaction=wanappln.projectview&upload_id=11376
  3. Canadian Commercial Paper Plan Likely to Be Approved By Joe Schneider June 3 (Bloomberg) -- A Canadian judge will probably approve a plan to convert C$32 billion ($31.8 billion) of frozen commercial paper to new notes by the end of the week, though court appeals may keep investors waiting months to get their money back. ``I will have a decision with reasons by Friday,'' Ontario Superior Court Judge Colin Campbell said at the end of a hearing in Toronto today. ``I'll approve,'' unless there's something in his notes that convinces him to change his mind, the judge said. Lawyers representing some of the noteholders have already indicated they plan to appeal Campbell's ruling once it comes out. Some investors object to the plan's limitations on lawsuits targeted at the banks and brokers that sold the paper, which hasn't traded since August. James Woods, who represents 18 companies that want to sue including pharmacy chain Jean Coutu Group Inc., said if the judge rules as he indicated, his group will likely file to the Court of Appeal. ``If we find fraud against banks that are not ABCP dealers, there is no recourse,'' Woods said, urging the judge to reject the proposal at today's hearing. ``It's inconceivable.'' New notes may be issued as early as the end of June if there are no appeals, said Purdy Crawford, a lawyer who led a group of foreign and Canadian banks and pension funds that drafted the proposal. All appeals must be exhausted before the notes are issued, he said. Quick Appeal ``We can't close until we get the sanction,'' Crawford told reporters. ``I am assured by our lawyers that the Court of Appeal will agree to an expedited hearing.'' The insolvent asset-backed paper hasn't traded since August, when investors shunned the debt on concerns about links to high-risk mortgage loans in the U.S. A group of foreign banks as well as Canadian lenders and pension funds led by Caisse de Depot et Placement du Quebec negotiated the so-called Montreal Proposal in August. The plan would convert the insolvent 30- to 90-day debt into new notes maturing within nine years. Banks agreed to provide funding to back the new notes on the condition that they be given immunity from any lawsuits stemming from the sale of the notes. Campbell said in a May 16 ruling he wasn't satisfied protection from lawsuits over potentially criminal conduct such as fraud was fair, and he delayed approval. The banks agreed to change the plan to allow limited suits under certain conditions within nine weeks following the plan's approval. Possible Fraud Campbell criticized the lawyers opposing the plan for failing to provide examples of potential outstanding fraud. ``So we defeat the plan on the off chance that there is something out there?'' Campbell asked. Once the new notes are issued, investors can hold them to maturity or try to trade them in the secondary market. Some clients of Canaccord Capital Inc. will be paid in full for their debt, under an agreement announced by the Vancouver-based brokerage in April. The case is Between the Investors Represented on the Pan- Canadian Investors Committee for Third-Party Structured Asset- Backed Commercial Paper and Metcalfe & Mansfield Alternative Investments II Corp., 08-CL-7740, Ontario Superior Court of Justice (Toronto). To contact the reporters on this story: Joe Schneider in Toronto at jschneider5@bloomberg.net. http://www.bloomberg.com/index.html?Intro=intro3
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