Tribunal

New victory against mining giant Glencore’s anti-union practices

Retrieved on: 
Thursday, April 4, 2024
FTQ, Tribunal, Glencore, Superior court, Steel, USW, TAT, Light, Raglan Mine

Glencore had eliminated the security service positions after United Steelworkers union members refused the company's proposed collective agreement.

Key Points: 
  • Glencore had eliminated the security service positions after United Steelworkers union members refused the company's proposed collective agreement.
  • We will support our members to the end against anti-union practices," said United Steelworkers Quebec Director Dominic Lemieux.
  • Nicholas Marchand, president of the security officers' local, is delighted with this victory in the long legal saga.
  • "It's awful what Glencore has put us through since 2021, we're happy with this new legal victory.

UpHealth Holdings Takes Steps to Enforce the International Court of Arbitration’s Final Award to UpHealth Holdings of more than $110 Million in Damages in Breach of Contract Lawsuit Involving the 2020 Purchase by UpHealth of Glocal Healthcare Systems

Retrieved on: 
Monday, April 1, 2024
McKinsey & Company, International court, Final, International, Patient, Calcutta High Court, Acquisition, Tribunal, Commerce, OTC, Holding

Holdings, pursuant to a Share Purchase Agreement dated October 30, 2020, acquired a supermajority of the shares of Glocal in a series of transactions from November 20, 2020 to August 27, 2021 and, as the Tribunal noted, “it is incontrovertible that [Holdings] holds 94.81% of the shares in Glocal”.

Key Points: 
  • Holdings, pursuant to a Share Purchase Agreement dated October 30, 2020, acquired a supermajority of the shares of Glocal in a series of transactions from November 20, 2020 to August 27, 2021 and, as the Tribunal noted, “it is incontrovertible that [Holdings] holds 94.81% of the shares in Glocal”.
  • In particular, the Tribunal found that the Respondents “failed to give [Holdings] control of [Glocal]” after the closing of the acquisition, despite the payment in full of the acquisition consideration, and noted that the Calcutta High Court also agreed that Holdings has invested approximately Rs 2100 crores in Glocal.
  • As the ICA confirmed and validated UpHealth’s ownership of Glocal as per the lawfully executed purchase agreement, it is critically important to pursue enforcement of the Tribunal’s Final Award to recover and take control of our assets.
  • This will provide further confidence with other foreign investors to continue to invest in India in order to better the access of vulnerable populations to high quality, cost-effective healthcare services,” said Martin Beck, Chief Executive Officer of UpHealth.

Bi-National People's Tribunal on the Struggles of Farmworkers in North America

Retrieved on: 
Thursday, March 28, 2024
Migrant worker, Community, CATA, People's Tribunal, Organization, Farm, Community development, Face, Central New York, Tribunal, Movement, Justicia, Rural area, Food chain, Heart, The Sunday People, Workforce, Workplace, Occupational safety and health, Food

NEW YORK, March 28, 2024 (GLOBE NEWSWIRE) -- Grassroots farmworker organizations from the United States and Canada are convening a People's Tribunal on the Struggles of Farmworkers in North America from March 29-31, 2024.

Key Points: 
  • NEW YORK, March 28, 2024 (GLOBE NEWSWIRE) -- Grassroots farmworker organizations from the United States and Canada are convening a People's Tribunal on the Struggles of Farmworkers in North America from March 29-31, 2024.
  • The Tribunal is being hosted by the Food Chain Workers Alliance at The People's Forum in New York City.
  • The tribunal will focus broadly on three priority areas for the future of farmworker labor organizing: health & safety, freedom of movement, and climate justice.
  • “It’s important to have farmworkers come together at this time to share our stories and strategize collectively across the region.

Notice - CORMARK SECURITIES INC., WILLIAM JEFFREY KENNEDY, MARC JUDAH BISTRICER, and SALINE INVESTMENTS LTD., File No. 2022-24

Retrieved on: 
Monday, April 8, 2024
Tribunal, Hearing

TORONTO, April 8, 2024 /CNW/ - The following merits hearing dates have changed in the above-named matter:

Key Points: 
  • TORONTO, April 8, 2024 /CNW/ - The following merits hearing dates have changed in the above-named matter:
    the previously scheduled day of April 17, 2024 will not be used for the merits hearing; and
    the hearing will continue on April 11, 12, 15, 16 and 30, 2024, May 1, 2, 3, 21, 22, 28, 29, 30 and 31, 2024, and June 3, 4, 5, 6, 10, 11, 12, 13 and 14, 2024 at 10:00 a.m. on each day.
  • The hearing will be held at the offices of the Tribunal at 20 Queen Street West, 17th floor, Toronto.
  • Members of the public may observe the hearing by videoconference, by selecting the "Register to attend" link on the Tribunal's hearing schedule, at capitalmarketstribunal.ca/en/hearing-schedule .

UpHealth Provides Corporate Update and Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Thursday, March 21, 2024
Pro forma, Working capital, Bankruptcy, Growth, International court, Veterans' affairs, Mental, International, TTC, Patient, Mental health, Sale, Acquisition, Tribunal, Judgement, BHS, Commerce, Adjustment, OTC, Tax, De novo, Holding, GTCR, Video game

DELRAY BEACH, Fla., March 21, 2024 (GLOBE NEWSWIRE) -- UpHealth, Inc. (“we,” “UpHealth,” or the “Company”) (OTC: UPHL) today provided a corporate update and announced financial results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • “In short, 2023 was a challenging, yet transformative, year for UpHealth, as we continued to take steps to stabilize the business,” said Martin Beck, Chief Executive Officer.
  • Growth in proforma revenues in the fourth quarter of 2023 was driven by top line growth at TTC Healthcare and Cloudbreak and by certain non-recurring revenues associated with the cessation of operations at Thrasys;
    Proforma fourth quarter 2023 gross margins were 62%, compared to 45% for the fourth quarter of 2022.
  • Proforma margin improvement in the fourth quarter was largely driven by an improved payor mix at TTC Healthcare;
    Proforma fourth quarter 2023 Adjusted EBITDA was $11.1 million, compared with $1.9 million in the fourth quarter of 2022.
  • TTC Healthcare’s performance in 2023, and in particular the fourth quarter 2023, was driven by strong volumes and a significantly improved payor mix.

The International Court of Arbitration awarded UpHealth Holdings more than $110 Million in Damages in Breach of Contract Lawsuit Involving the 2020 Purchase by UpHealth of Glocal Healthcare Systems

Retrieved on: 
Wednesday, March 20, 2024
International court, International, Acquisition, Tribunal, Commerce, OTC, Holding, Collection

On March 18, 2024, the International Court of Arbitration of the International Chamber of Commerce (the “ICA”) transmitted the Final Award to the parties.

Key Points: 
  • On March 18, 2024, the International Court of Arbitration of the International Chamber of Commerce (the “ICA”) transmitted the Final Award to the parties.
  • In the Final Award, the arbitral tribunal (“Tribunal”) found the Respondents liable for breach of contract and directed them to pay Holdings up to $110.2 million in damages, as well as most of the legal costs and other expenses that Holdings incurred in the arbitration.
  • The dispute arose out of Holdings’ acquisition of Glocal pursuant to a Share Purchase Agreement dated October 30, 2020, and the subsequent breach by Respondents of their contractual obligations to relinquish control of Glocal to Holdings.
  • We appreciate the unanimous decision from the arbitrators and we thank them for a thorough and impartial elaboration and ruling.

Almaden Provides Corporate Update

Retrieved on: 
Thursday, March 14, 2024
Comprehensive, CPTPP, Consultation, Notice, AAU, AMM, Tribunal, Security (finance), Request, TSX, OTCQB, Government, Cryptocurrency

Accordingly, on March 14, 2024, Almaden delivered to Mexico written notice of its intention to submit a claim (“Claim”) to arbitration against Mexico (the “Notice”) in accordance with Article 9.19.3 of the CPTPP.

Key Points: 
  • Accordingly, on March 14, 2024, Almaden delivered to Mexico written notice of its intention to submit a claim (“Claim”) to arbitration against Mexico (the “Notice”) in accordance with Article 9.19.3 of the CPTPP.
  • This Notice has been delivered by Almaden together with Almadex Minerals Ltd., on behalf of themselves and their Mexican subsidiaries.
  • The damages relating to the Almaden and Almadex Claim will be for no less than US$200 million, in the aggregate.
  • Although Almaden has requested consultations with Mexico under the CPTPP, to date Mexico has not proposed a date for these consultations.

CORMARK SECURITIES INC., WILLIAM JEFFREY KENNEDY, MARC JUDAH BISTRICER, and SALINE INVESTMENTS LTD., File No. 2022-24

Retrieved on: 
Tuesday, March 26, 2024
Tribunal, Hearing

TORONTO, March 26, 2024 /CNW/ - The following merits hearing dates have changed in the above-named matter:

Key Points: 
  • TORONTO, March 26, 2024 /CNW/ - The following merits hearing dates have changed in the above-named matter:
    the previously scheduled day of March 27, 2024 will not be used for the merits hearing; and
    the hearing will continue on April 11, 12, 15, 16, 17 and 30, 2024, May 1, 2, 3, 21, 22, 28, 29, 30, and 31, 2024, and June 3, 4, 5, 6, 10, 11, 12, 13, and 14, 2024 at 10:00 a.m. on each day.
  • The hearing will be held at the offices of the Tribunal at 20 Queen Street West, 17th floor, Toronto.
  • Members of the public may observe the hearing by videoconference, by selecting the "Register to attend" link on the Tribunal's hearing schedule, at capitalmarketstribunal.ca/en/hearing-schedule .