the New York Mets announced that they had agreed to terms with all 21 of their pre-arbitration players that are currently on the 40-man roster.
Read moreGranger satisfied with CARICOM mediation of elections impasse
President David Granger yesterday said that he was satisfied with the mediation efforts of the five Caribbean Community (CARICOM) Heads of State who concluded a two-day visit here yesterday and promised to abide by the constitution and the decision of the Guyana Elections Commission (GECOM) on the outcome of the March 2 general and regional elections.
Read moreThe politics of mediation
Trump’s mediation offer has not disturbed the confidence of the Indian establishment. No significant statement from the top level shows New Delhi is confident that the offer would not convert into a well-planned American policy towards South Asia
Read moreSt. Paul teachers reject arbitration offer to avoid strike; talks continue Monday night
St. Paul Public Schools and its teachers union were negotiating late into the night Monday, March 9, seeking to prevent the city’s first teacher strike since 1946.
Read moreHoly Smokes: Subway Franchise’s Arbitration Effort Defeated, in part, By Mandatory EWC Provision that “Consent Not a Condition of Purchase”
Predictably the consumer filed a TCPA class action after receiving texts in connection with the promotional club she had joined by supplying her phone number and argued that the arbitration clause in the terms and conditions were not binding on her since there was no way she could have accessed it without herculean effort. The Court agreed and concluded the clause was unenforceable. Here’s the key (pretty convincing) analysis:
Read moreWomen score higher than men at workplace in India: Report
As more and more companies are striving to close gender parity gap, a report has showed that twice as many woman professionals excel in organisational development and coaching talent compared to men.
About 6.56 per cent woman professionals excel in organisational development and coaching talent as compared with 3.26 per cent of man professionals, according to a report by SCIKEY Research.
Read morePuerto Rico Liquidator Compelled to Arbitrate Hurricane Reinsurance Disputes
An insolvent cedent sought to invalidate the arbitration clause in several reinsurance agreements with several reinsurers and force the reinsurance disputes over Hurricane Irma and Maria claims into the state court governing the cedent’s liquidation proceedings. The reinsurers, who all had the same or similar arbitration clauses, moved to dismiss the insolvent cedent’s claims and compel arbitration. The district court granted the reinsurers’ motions in full and compelled arbitration of all claims, including antitrust and state insurance law claims.
Read moreHow to confront someone at work
Let’s face it: Nobody likes confrontation, no matter which end of the spectrum you fall on. But interpersonal conflict is as avoidable as death and taxes. Despite how nice and considerate we are, eventually we’re going to collide.
Read moreA Fact-finding meeting to assess the mediation scheme in Latvia took place in Riga on 2 and 3 March 2020
RIGA (LATVIA) 2 AND 3 MARCH 2020
On 2 and 3 March 2020, the CEPEJ organised a meeting in Riga aiming at conducting an assessment of the Mediation scheme in Latvia. The experts, who are former members of the CEPEJ Working Group on mediation, therefore thoroughly exchanged with the key actors of mediation (mediators, judges, lawyers, ministry of justice) in order to collect as much information and data as possible to draft the Assessment report, on which the rest of the Action will be based. The setting up of a mediation pilot project has also been discussed with the Latvian authorities. This meeting directly followed the “Round table to present CEPEJ-GT-MED tools” which was organised in Riga on 21 February, where concrete tools developed by the CEPEJ Working Group on Mediation and aiming at developing the use of mediation were presented to relevant stakeholders.
This activity was organised in the framework of the joint Council of Europe and European Union project “Strengthening the access to justice in Latvia through fostering mediation and legal aid services, as well as support to the development of judicial policies and to increased quality of court management” funded through the European Commission’s Structural Reform Support Programme.
2 lenders reject proposed mediation over 'KIKO' dispute
Two of six banks in a decade-old dispute with local companies over currency-linked derivatives products said Thursday that they have rejected the latest mediation proposed by South Korea's top financial regulator.
Read moreTrump assures Al-Sisi of US’s mediation in Renaissance Dam negotiations
Egyptian presidency announced that the US President Donald Trump assured his Egyptian counterpart Abdel Fattah Al-Sisi that Washington is continuing its mediation in negotiations on the Renaissance Dam, which Ethiopia is building on the banks of the Nile River, until the signing of an agreement.
Read moreRegulator to release network usage guideline to arbitrate SK, Netflix conflict
The conflict between SK Broadband and Netflix over network sharing costs could be resolved as early as May as the Korea Communication Commission (KCC) is expected to come out with an arbitration proposal.
Read moreExploring different types of arbitration
In Zimbabwe the most recognised arbitral institutions are the Commercial Arbitration Centre in Harare and the Africa Institute for Mediation and Arbitration.
Invariably, the institution’s role in an institutional arbitration includes, among other things, the following:
l receiving the request for arbitration from the claimant and serving it on the respondent;
l appointing the arbitrators where the arbitration agreement empowers the institution to do so or in default of the parties’ ability to do;
Combating workplace violence: HR’s key role
From threats and intimidation to rapes and shootings, workplace violence is a growing concern among employers of all sizes, and in all industries. A recent survey from SHRM reported that nearly half of HR professionals said their organization had experienced a violent incident – with more than half of those occurring in the last year.
Read moreConflict Resolution Service CEO says social justice, community values drive role
“Workplace disputes have a long-term effect on the employees involved. Moving an issue does not resolve the problems. Neighbourhood disputes are also a major issue in the Canberra community. A large part of our service works with separating families to mediate care arrangements of children or property and asset division. We also have a large division that works with families and young people at risk of homelessness due to family conflict.”
Read moreIs diversity and inclusion an important pillar in your organisational culture?
All the data sets tell us that diverse teams help create higher retention, higher levels of employee engagement, broader attraction of top talent, better community image, stronger financial performance and more innovation.
Read moreUnderstanding the Laws Governing Religion and the Workplace
The issue of employees’ obligations to observe their sincerely-held religious beliefs can arise in many forms. Approaching such issues on a case-by-case basis with the understanding that some effort must be made to reasonably accommodate the employee’s religious beliefs should result in solutions that satisfy both the employee and the employer.
Read moreHow to Ensure Workplace Conflict Contributes to Firm Growth
The accounting profession is in the midst of unprecendented transformation, and this may lead to some conflicts within firms, especially among members of the partner group. Conflict can be constructive if it's handled the right way. Jim Boomer tackles this topic to help your firm move forward.
Feb 26th 2020
The accounting profession is in the midst of unprecedented transformation, and many firms are changing their leadership, processes, technology, talent structures and business models to better prepare themselves for the future.
Perhaps not surprisingly, it’s not always smooth sailing, especially within the partner group. Partners may butt heads over the future of the firm and best practices, or even struggle to communicate effectively, even when they want the same things. And when the partners can’t work reasonably well together, it’s practically impossible for them to achieve results that contribute to the success of the firm.
Naturally, when a diverse group of diverse people gets together to make a decision, there will be conflict. Conflict isn’t always bad; sometimes it can be constructive. The key is resolving inevitable disputes in a way that allows the partners to move the firm forward.
Task Conflict vs. Relationship Conflict
The partner group can face two kinds of conflict: task conflict and relationship conflict.
Task conflict involves disagreement about the content of decisions and differences in viewpoints, ideas and opinions. Task conflict might arise when partners disagree over the interpretation of facts or how to deploy resources for a project.
The most effective partner groups promote task conflict because it can be beneficial to decision making. For example, the partner group might have a rule that they don’t start a meeting with a vote but instead begin by discussing the issues. This helps flush out all available information and then lets the partners work through differences of opinion.
Relationship conflict involves interpersonal incompatibility, and it usually results in tension, annoyance and animosity among partners. For example, two partners might have very different personal tastes, political preferences, values and interpersonal styles.
Effective partner groups avoid escalating relationship conflict by focusing on behaviors and issues rather than individuals. This can be the most challenging part of managing conflict in the partner group, but it’s crucial. When a debate becomes personal, people naturally become defensive, and healthy conflict turns into an argument.
Emerging Leaders vs. Current Leaders
Another common source of partner conflict stems from a transition in the leadership group. Seasoned leaders might scoff at the priority the next generation places on work/life balance because current leaders had to “pay their dues” and work long hours to achieve goals. They may prefer traditional services, billing practices and marketing methods while the next-gen leaders are excited to do things differently to succeed in the future.
Neither group is wholly right or wholly wrong.
Seasoned professionals need to think back to earlier in their own careers so they can better empathize with what the newer partners are thinking, feeling and doing. Remember, these up-and-coming leaders bring a fresh perspective, new ideas and skills that are important to the future of the firm. Leverage these to the firm’s advantage by considering how their ideas might fit into how you’ve traditionally done things. Coach and mentor the next generation but also challenge them by stepping back and letting them push new services and strategies forward.
Emerging leaders need to understand a few things about those that have come before us. Remember, they have years of wisdom and professional experience that smart business professionals can and should tap into. Understand that it’s difficult to let go of something you’ve been doing your whole life. Appreciate everything they’ve done to help the firm reach its current level of success and present new ideas with respect.
The sooner the partner group stops throwing daggers at each other and starts focusing on the positive aspects that each partner brings to the table, the sooner everyone can start blending perspectives and preparing for a successful future together.
Conflict Management vs. Conflict Avoidance
Conflict management is not conflict avoidance. When we avoid conflict, we limit the opportunity to collect valuable information that can help with decision-making. For example, the partners might go with the first suggestion offered to avoid a confrontation, even though it’s not the best decision. Partners need to have opinions, and they need to be heard.
Conflict can be healthy if it’s managed correctly, so don’t avoid confrontations and hope problems will go away on their own. Adopt a set of values for how partners are expected to conduct themselves. If one or more partners can’t live up to those expectations, it’s up to the Managing Partner to work with them to correct the problems. If all else fails, as difficult as it is, partners who consistently violate the group’s standards might need to find a new group to play with.
A shared vision and strategic plan can help a diverse partner group operate with consensus, improve accountability across the firm, and ensure the firm’s resources are dedicated to activities that will impact the firm’s success. Don’t be afraid to ask for outside help if your partner group has trouble getting on the same page. Sometimes, a neutral third party can help get partners on board with a shared vision and strategic plan.
Conflicts are inevitable, but you can’t lose sight of the larger goal: running a healthy and growing firm.
CEO Boomer Consulting Inc.
Blogger
Jim Boomer is the CEO at Boomer Consulting, the director of the Boomer Technology Circles, The Producer Circle, The CIO Advantage and an expert on managing technology within an accounting firm.
Manchester City appeals UEFA Champions League ban to Court of Arbitration for Sport
Manchester City has officially filed an appeal of its Champions League ban to the Court of Arbitration for Sport (CAS), the court announced Wednesday ahead of City's UCL match against Real Madrid. Manchester City was banned for two seasons from UEFA competition (Champions League and Europa League) and fined €30 million for breaking Financial Fair Play rules on Feb. 14.
Read moreArbitration Award Related to Purchase Options for Four VLCCs on Charter to Okeanis ECO Tankers
NEWS PROVIDED BY
Feb 26, 2020, 09:15 ET
STOCKHOLM, Feb. 26, 2020 /PRNewswire/ -- In October 2019, Okeanis ECO Tankers ("Okeanis") served a notice to exercise options to repurchase four VLCCs ("the Vessels") that earlier had been bought by Ocean Yield ASA ("Ocean Yield") and chartered back to Okeanis on long-term charters. The parties disagreed if the conditions for exercising the options had been fulfilled, and the matter was therefore referred to arbitration.
An arbitration tribunal has decided that Okeanis did not have the right to exercise such options to repurchase the Vessels under the lease agreements.
CONTACT:
Company contact:
Eirik Eide (CFO), Tel +47-24-13-01-91
Investor Relations contact:
Marius Magelie (SVP Finance & IR), Tel +47-24-13-01-82
This information was brought to you by Cision http://news.cision.com
SOURCE Ocean Yield