Law of the United Kingdom

Joint Statement by CAGW President Tom Schatz and ITPC Executive Director Deborah Collier on the Latest Net Neutrality Proposal

Retrieved on: 
Thursday, October 19, 2023

The issue of net neutrality was resolved in December 2017, when the Restoring Internet Freedom Order was adopted at the FCC overturning the 2015 Open Internet Order (OIO).

Key Points: 
  • The issue of net neutrality was resolved in December 2017, when the Restoring Internet Freedom Order was adopted at the FCC overturning the 2015 Open Internet Order (OIO).
  • The OIO led to reduced private sector investment and innovation and slowed down broadband deployment.
  • Warnings that it would be the end of the internet as everyone knew it if net neutrality was repealed proved to be false.
  • Rather than calling it the Open Internet Protection order, it should be called the Close the Internet Order.

Small Pharma Obtains Final Order Approving Arrangement

Retrieved on: 
Tuesday, October 17, 2023

Small Pharma Inc. (TSXV: DMT) (OTCQB: DMTTF) (“Small Pharma”), a biotechnology company focused on short-duration psychedelic-assisted therapies for mental health conditions and Cybin Inc. (NYSE American:CYBN) (NEO:CYBN) (“Cybin”), a clinical-stage biopharmaceutical company committed to revolutionizing mental healthcare by developing new and innovative psychedelic-based treatment options, are pleased to announce that Small Pharma has obtained a final order of the Supreme Court of British Columbia approving the previously announced plan of arrangement (the “Plan of Arrangement”) under Division 5 of Part 9 of the Business Corporations Act (British Columbia) (the “Final Order”).

Key Points: 
  • Small Pharma Inc. (TSXV: DMT) (OTCQB: DMTTF) (“Small Pharma”), a biotechnology company focused on short-duration psychedelic-assisted therapies for mental health conditions and Cybin Inc. (NYSE American:CYBN) (NEO:CYBN) (“Cybin”), a clinical-stage biopharmaceutical company committed to revolutionizing mental healthcare by developing new and innovative psychedelic-based treatment options, are pleased to announce that Small Pharma has obtained a final order of the Supreme Court of British Columbia approving the previously announced plan of arrangement (the “Plan of Arrangement”) under Division 5 of Part 9 of the Business Corporations Act (British Columbia) (the “Final Order”).
  • View the full release here: https://www.businesswire.com/news/home/20231017215015/en/
    Pursuant to the terms of the Plan of Arrangement, and in accordance with the terms of the arrangement agreement dated August 28, 2023 between Small Pharma and Cybin (the “Arrangement Agreement”), Cybin has agreed to acquire all of the issued and outstanding securities of Small Pharma in an all-share transaction (the “Arrangement”).
  • It is currently anticipated that the effective date of the Arrangement will occur on or about October 23, 2023 upon the satisfaction or waiver of customary closing conditions as set forth in the Arrangement Agreement, which include, among other things, the receipt of final approval of the Arrangement from the TSX Venture Exchange (the “TSXV”).
  • Upon completion of the Arrangement, it is expected that the common shares in the capital of Small Pharma (the “Small Pharma Shares”) will be delisted from the TSXV and removed from the OTCQB Venture Market, and Small Pharma will cease to be a reporting issuer in each of the provinces and territories in Canada.

Inpixon Announces Planned Spin-off and Merger of SAVES UK Business with Damon Motors Inc., Makers of the Award Winning HyperSport Electric Motorcycle, and Plans for Nasdaq Listing of Combined Company

Retrieved on: 
Monday, October 23, 2023

PALO ALTO, Calif., Oct. 23, 2023 /PRNewswire/ -- Inpixon® (NASDAQ: INPX) today announced that it has signed a definitive agreement under which its wholly owned subsidiary, Inpixon Ltd., a division of Inpixon's statistical analytics and visualization for engineering and sciences (SAVES) business based in the United Kingdom ("Inpixon UK"), will be acquired by private Canadian company, Damon Motors Inc. ("Damon"), a British Columbia company, and the maker of the acclaimed HyperSport electric motorcycle (the "Business Combination"). The Damon HyperSport is expected to be one of the safest, smartest, and most powerful motorcycles available in the market. Damon concurrently announced that it has obtained approximately $85 million in pre-production consumer reservations for its motorcycles. The enterprise value of Damon was ascertained by Inpixon's independent financial advisory firm to be within the range of $224 million and $284 million.

Key Points: 
  • The Damon HyperSport is expected to be one of the safest, smartest, and most powerful motorcycles available in the market.
  • Damon concurrently announced that it has obtained approximately $85 million in pre-production consumer reservations for its motorcycles.
  • The enterprise value of Damon was ascertained by Inpixon's independent financial advisory firm to be within the range of $224 million and $284 million.
  • Inpixon believes that pursuing these opportunities will offer multiple opportunities for its shareholders to maximize the value of their investment in Inpixon.

Grinnell College National Poll Shows Biden and Trump in a Dead Heat

Retrieved on: 
Thursday, October 19, 2023

 GRINNELL, Iowa, Oct. 19, 2023 /PRNewswire/ -- The newest Grinnell College National Poll shows President Joe Biden and former President Donald Trump in a dead heat among likely voters if the 2024 general election was held today. In a poll conducted in collaboration with renowned Iowa pollster J. Ann Selzer, both Biden and Trump, running as their party's candidate, would attract 40% of likely voters – but 18% say they would vote for someone else. The Biden-Trump vote splits along partisan lines. Independents divide, but tilt toward Trump (35% vs. 32% for Biden), with 30% saying they would vote for someone else.

Key Points: 
  • More Americans Say Democracy is Under Threat, Majority Support Constitutional Reforms
    GRINNELL, Iowa, Oct. 19, 2023 /PRNewswire/ -- The newest Grinnell College National Poll shows President Joe Biden and former President Donald Trump in a dead heat among likely voters if the 2024 general election was held today.
  • Independents divide, but tilt toward Trump (35% vs. 32% for Biden), with 30% saying they would vote for someone else.
  • President Biden's approval rating comes in at 38%, the second-best showing in Grinnell College National Poll history, but a majority (53%) still disapprove of his job performance.
  • The Grinnell College National Poll surveyed 1,006 Americans ages 18 and over between October 10-15, 2023.

NCLA Asks Appeals Court to Block Unlawful Biden Scheme Trying to Cancel Student Loan Debt

Retrieved on: 
Tuesday, October 10, 2023

Moving on an accelerated schedule to deter court review, the Department of Education announced the unlawful plan in July before the ink was dry on the Supreme Court opinion striking down its old $430 billion student loan debt cancellation plan.

Key Points: 
  • Moving on an accelerated schedule to deter court review, the Department of Education announced the unlawful plan in July before the ink was dry on the Supreme Court opinion striking down its old $430 billion student loan debt cancellation plan.
  • On October 4, President Biden announced an additional $9 billion in student loan debt cancellation, including $5.2 billion for PSLF borrowers and $2.8 billion for IDR borrowers.
  • NCLA released the following statements:
    “The Supreme Court has declared unlawful the Administration’s $430 billion student loan program to cancel student loan debt by administrative fiat without involving Congress.
  • The Department of Education’s ongoing campaign to cancel billions of dollars of student loans by rewriting statutes is disgraceful and despotic.”

NCLA Asks Appeals Court to Block Unlawful Biden Scheme Trying to Cancel Student Loan Debt

Retrieved on: 
Tuesday, October 10, 2023

Moving on an accelerated schedule to deter court review, the Department of Education announced the unlawful plan in July before the ink was dry on the Supreme Court opinion striking down its old $430 billion student loan debt cancellation plan.

Key Points: 
  • Moving on an accelerated schedule to deter court review, the Department of Education announced the unlawful plan in July before the ink was dry on the Supreme Court opinion striking down its old $430 billion student loan debt cancellation plan.
  • On October 4, President Biden announced an additional $9 billion in student loan debt cancellation, including $5.2 billion for PSLF borrowers and $2.8 billion for IDR borrowers.
  • NCLA released the following statements:
    “The Supreme Court has declared unlawful the Administration’s $430 billion student loan program to cancel student loan debt by administrative fiat without involving Congress.
  • The Department of Education’s ongoing campaign to cancel billions of dollars of student loans by rewriting statutes is disgraceful and despotic.”

Nymox responds as the Bahamas Supreme Court Rules in Favor of the Committee to Restore Nymox Shareholder Value: Grants Injunction Order Freezing CEO Averback Shares and Orders Shareholder Meeting.

Retrieved on: 
Tuesday, October 10, 2023

Nymox management (1 person), Averback, responded on Friday October 6th at 7:50 pm and consequently missed the Bahamian court’s closing deadline.

Key Points: 
  • Nymox management (1 person), Averback, responded on Friday October 6th at 7:50 pm and consequently missed the Bahamian court’s closing deadline.
  • Why is Averback refusing to call a shareholder meeting, as ordered by the judge?
  • Finally, the court restored Nymox to the Bahamian Company Registry as a proper entity after its previous deregistration in 2018.
  • CRNSV will contact each shareholder to confirm participation and support for the changes called for in Nymox.

Bahamas Supreme Court Rules in Favor of Committee to Restore Nymox Shareholder Value: Orders Shareholder Meeting, Grants Injunction Freezing CEO Shares

Retrieved on: 
Friday, October 6, 2023

Further, the ruling grants an injunction freezing a significant portion of NYMOX CEO Paul Averback’s (“Averback”) shares, as well as a portion of Director Jim Robinson’s shares, from voting at the shareholder meeting to be convened.

Key Points: 
  • Further, the ruling grants an injunction freezing a significant portion of NYMOX CEO Paul Averback’s (“Averback”) shares, as well as a portion of Director Jim Robinson’s shares, from voting at the shareholder meeting to be convened.
  • Finally, in a separate order, the court restored NYMOX to the Bahamian Company Registry as a proper entity after its previous deregistration in 2018.
  • NYMOX management was apparently unaware that the Company had not been compliant in the Bahamas for over five years.
  • CRNSV will contact each shareholder to confirm participation and support for the changes called for in NYMOX.

Supreme Court opinion lays a pathway for government to rectify environmental impact assessment act: WWF-Canada

Retrieved on: 
Friday, October 13, 2023

WWF-Canada intervened in this reference to the Supreme Court to emphasize the importance of federal involvement and accountability in matters related to the global issue of biodiversity and nature loss.

Key Points: 
  • WWF-Canada intervened in this reference to the Supreme Court to emphasize the importance of federal involvement and accountability in matters related to the global issue of biodiversity and nature loss.
  • The Supreme Court gave clear direction on what is necessary to save this legislation.
  • We urge the federal government to act quickly to amend the Impact Assessment Act to reflect this ruling.
  • In the meantime, we urge all provincial and territorial governments to ensure that their environmental assessment legislation holds new projects to the highest standards."

Statement by Ministers Guilbeault and Virani on the Supreme Court of Canada's opinion on the constitutionality of the Impact Assessment Act

Retrieved on: 
Friday, October 13, 2023

Specifically, the Impact Assessment Act responded to the need for an open, transparent and predictable process that supports development while protecting the environment and upholding the rights of Indigenous Peoples.

Key Points: 
  • Specifically, the Impact Assessment Act responded to the need for an open, transparent and predictable process that supports development while protecting the environment and upholding the rights of Indigenous Peoples.
  • "The Government of Canada developed the Impact Assessment Act to create a better set of rules that respect the environment, Indigenous rights and ensure projects get assessed in a timely way.
  • The Impact Assessment Act came into force in August 2019, repealing and replacing the Canadian Environmental Assessment Act, 2012 (CEAA 2012).
  • To respect Canada's constitutional setting, under the Impact Assessment Act, each province and territory retains authority for making separate decisions based on their respective areas of jurisdiction.