Revenues jump at Eurotunnel

first_img whatsapp Tuesday 18 January 2011 7:56 pm Share Tags: NULL Revenues jump at Eurotunnel whatsappcenter_img More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com CHANNEL TUNNEL operator Eurotunnel posted a 26 per cent rise in revenue for 2010 yesterday after the number of trucks carried on its shuttles through the tunnel rose 35 per cent.Eurotunnel said the volcanic ash disruption in April helped the firm return to its historic market share in cross-Channel transport, following the impact of a fire in the tunnel in September 2008.Eurotunnel is close to completing the first of four “safety stations” in the channel tunnel, to ensure passengers can escape trains that get stranded mid-journey. Bad weather during the fourth quarter, however, led to a five per cent drop in the number of cars on its passenger shuttles and a slight dip in traffic on Eurostar trains.Revenue rose to €187m (£156.6m) in the fourth quarter from €144.6m a year earlier, excluding insurance indemnities. Eurotunnel’s shuttles carried 305,100 trucks and 455,121 vehicles in the quarter. Eurotunnel chief executive Jacques Gounon said the tunnel’s planned high speed service, to be provided by Deutsche Bahn, was ready to start in 2013 providing the French and UK governments resolve an argument over safety and the bidding process for the route. “The tests in October made it clear that there is no issue regarding the length of the trains. It’s a political dispute which doesn’t involve the company,” Gounon said.“I am in a position to sue the governments, as it’s unfair for our company and passengers to block Deutsche Bahn trains for unfair reasons.”He added that Eurotunnel hopes to win several large freight customers in the coming months. KCS-content Show Comments ▼last_img read more

BK Group Plc (BOK.ke) 2011 Annual Report

first_imgBK Group Plc (BKG.ke) listed on the Nairobi Securities Exchange under the Banking sector has released it’s 2011 annual report.For more information about BK Group Plc (BKG.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the BK Group Plc (BKG.ke) company page on AfricanFinancials.Document: BK Group Plc (BKG.ke)  2011 annual report.Company ProfileBK Group Plc formerly (Bank of Kigali Limited) is Rwanda’s largest commercial bank by assets and licensed by the country’s banking regulator, National Bank of Rwanda. It offers a full spectrum of products and services for retail banking, corporate banking and central treasury. Bank of Kigali SA commenced operations in 1967; initially as a joint venture between the government of Rwanda and Belgolaise, with each owning 50% of the ordinary share capital. In 2007, the government of Rwanda acquired the Belgolaise shareholding which increased its direct and indirect shareholding in the Bank of Kigali to 100% of the entire Issued Shares. The Bank changed its name to Bank of Kigali Limited in 2011 under a new law relating to companies. Bank of Kigali Limited now has 79 branches located in the main towns and cities of Rwanda with its head office in the capital city, Kigali. BK Group Plc has a primary listing on the Rwanda Stock Exchange and a secondary listing on the Nairobi Securities Exchangelast_img read more

Unity Bank Plc (UNITYB.ng) 2018 Abridged Report

first_imgUnity Bank Plc (UNITYB.ng) listed on the Nigerian Stock Exchange under the Banking sector has released it’s 2018 abridged results.For more information about Unity Bank Plc (UNITYB.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Unity Bank Plc (UNITYB.ng) company page on AfricanFinancials.Document: Unity Bank Plc (UNITYB.ng)  2018 abridged results.Company ProfileUnity Bank Plc is a financial services institution in Nigeria offering banking products and services for the retail, commercial and corporate sectors. The company provides a full-service offering ranging from transactional accounts, deposit accounts and overdrafts to trade finance, treasury services, acceptance and guarantee commercial papers, money market services and international banking services. Unity Bank Plc provides foreign operations which includes home remittance services, mortgages, letters of credit, third party transfer services, invisible transactions, bills for collections and domiciliary transfers. The company supports the agricultural sector through agric products and schemes which includes Unity farmer’s cooperatives finance and leasing, Unity industrial input scheme and general agro-allied farmer’s schemes. Founded in 1987, Unity Bank Plc now operates through an extensive network of some 240 branches in 36 states in Nigeria and the Federal Capital Territory. Its head office is in Lagos, Nigeria. Unity Bank Plc is listed on the Nigerian Stock Exchangelast_img read more

3 reasons why I’d buy UK shares now to get rich in the stock market recovery

first_img Many UK shares have delivered improving returns in recent months as a result of the stock market recovery following the 2020 market crash.Despite this, many high-quality companies trade at attractive prices. Therefore, they could offer high returns relative to other mainstream asset classes.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…Furthermore, many UK stocks have high yields at the present time that could allow them to deliver appealing total returns in the coming years.Low valuations among many UK sharesDespite improving investor sentiment over recent months, many UK shares continue to trade at cheap prices. There are risks facing the outlook for many sectors that could derail their profit growth potential. However, in a number of cases, FTSE 350 shares appear to be undervalued.Buying cheap stocks can be a successful means of generating high returns in the long run. After all, the market operates in cycles that can mean an investor who purchases during a period of low valuations can achieve market-beating returns in a stock market recovery.Such a strategy has been very successful in the past. And, with the stock market having rallied to new record highs after each of its major declines in previous years, buying cheap UK shares today could prove to be very profitable in the long run.Relative appeal compared to other assetsBuying UK shares now could also be a sound move because of the lack of appeal elsewhere. Other mainstream assets such as cash and bonds have generally offered lower returns than equities in the past.However, the difference between the potential returns from shares and other income-producing assets may now be wider than ever. Indeed, low interest rates mean it may be difficult to beat inflation with cash or bonds over the long run.Similarly, high house prices mean that the scope for capital gains may be limited for buy-to-let investors. And, with gold likely to experience lower demand as the world economy recovers, buying a diverse range of UK shares could be a more profitable move.Passive income opportunitiesEven after the recent stock market rally, many UK shares offer high yields relative to their historic averages. They may become increasingly attractive to investors who are seeking to make a passive income. That’s partly because of a lack of income opportunities elsewhere. But also because many stocks are likely to deliver impressive dividend growth in the coming years.The world economy has always recovered to produce positive GDP growth following its down periods. A similar outcome therefore seems likely in the coming years. This could catalyse the performances of UK stocks and lead to growing dividends over the long run.The end result could be high total returns for investors that makes now the right time to start buying a diverse range of UK equities. Our 6 ‘Best Buys Now’ Shares See all posts by Peter Stephens Simply click below to discover how you can take advantage of this. Peter Stephens | Saturday, 19th December, 2020 Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. 3 reasons why I’d buy UK shares now to get rich in the stock market recovery 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. “This Stock Could Be Like Buying Amazon in 1997” Enter Your Email Address 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. Image source: Getty Images. last_img read more

Newcastle name Amlin side taking on Petrarca Padova

first_imgLATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS READING, ENGLAND – OCTOBER 23: Jamie Helleur of Newcastle in action during the LV= Cup match between London Irish and Newcastle Falcons at The Madejski Stadium on October 23, 2011 in Reading, England. (Photo by Ben Hoskins/Getty Images) Jamie Helleur will start on the wingNewcastle Falcons have made four changes for their round two Amlin Challenge Cup trip to Italian champions Petrarca Padova (kick-off 2pm).Greg Goosen starts at full-back with Alex Tait replacing Rikki Sheriffe on the wing, while Jamie Helleur gets the nod at outside centre. Scrum-half Will Chudley is handed the No.9 jersey as he partners Jeremy Manning at the heart of the Falcons backline.In the forward pack Andrew van der Heijden occupies a place in the engine room alongside skipper James Hudson.“We have watched Petrarca on the video and they are a team that is going to get out there and give it their best shot,” said Head coach Alan Tait who guided his side to a winning start in Europe with victory over Lyon last week.“This will be their cup final and they will certainly get in our faces so I can see it being a sticky game for us. We know what we are going over there for – it’s to get an away win and that’s important as we head into the Aviva Premiership game at Harlequins the following week,” added Tait.Tait believes Saturday’s European game is a welcome distraction from the stresses and strains of the Aviva Premiership, saying: “If we played Aviva Premiership rugby every week the boys would be broken by Christmas as it is a really intense and stressful league. This is a good break for some guys and offers me the chance to take a look at some different combinations. It is important that we reward players for good performances for the A Team and this is a great opportunity to see them in action.” Newcastle Starting XV: 15 Greg Goosen,14 Alex Tait,13 Jamie Helleur,12 Luke Eves,11 Ryan Shortland,10 Jeremy Manning,9 Will Chudley,1 Ashley Wells,2 Michael Mayhew,3 Euan Murray,4 James Hudson,5 Andrew van der Heijden,6 Tim Swinson,7 Redford Pennycook,8 Mark WilsonReplacements: 16 Joe Graham,17 Grant Shiells,18 James Hall,19 Glen Townson,20 Will Welch,21 Chris Pilgrim,22 Joel Hodgson,23 James Fitzpatrick The last two-weeks has seen Tait welcome new signings Samoan international Taiasina Tu’ifua, Tongan winger Suka Hufanga, and South African lock Adriaan Fondse as the club bolsters its armoury going into a series of crucial Aviva Premiership clashes.The new signings will not feature this weekend but are expected to be pushing for selection next week as Aviva Premiership rugby returns.Tait said: “We have done everything we can off the field and the players appreciate that but I think now is the time to bring in some real quality players. Semore Kurdi has given me the opportunity to bring these players in and I believe these lads will bring something special to the squad. I can’t wait to see them in action.”last_img read more

Children’s Nursing Home “Tsukuba-Aiji-en” / K+S Architects

first_imgShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/588946/children-s-nursing-home-tsukuba-aiji-en-k-s-architects Clipboard Year:  2014 Area:  1440 m² Area:  1440 m² Year Completion year of this architecture project Projects Children’s Nursing Home “Tsukuba-Aiji-en” / K+S Architects Save this picture!© Hiroshi Ueda, Yoshihiro Asada+ 23 Share 2014 “COPY” Photographs Japan Housing Year:  ArchDaily CopyHousing, Kindergarten, Day Care•Tsukuba, Japan Architects: K+S Architects Area Area of this architecture project “COPY” photographs:  Hiroshi Ueda, Yoshihiro AsadaPhotographs:  Hiroshi Ueda, Yoshihiro AsadaEngineer:Ken Nagasaka Engineering NetworkMechanical & Electorical Engineer:System Planning CorporationConstruction Builder:Narushima KensetsuSite Area:7,402.54 sqmTotal Floor Area:1,611.62 sqmArchitect In Charge:Nobuya Kashima, Aya SatoCity:TsukubaCountry:JapanMore SpecsLess SpecsSave this picture!© Hiroshi Ueda, Yoshihiro AsadaRecommended ProductsWoodBruagBalcony BalustradesDoorsLinvisibileLinvisibile Curved Hinged Door | AlbaDoorsVEKADoors – VEKAMOTION 82DoorsJansenDoors – Folding and SlidingText description provided by the architects. The children’s nursing home “Tsukuba-Aiji-en” is built in the forest and the field in Tsukuba city. 40 children live in these houses in the great nature. These houses are composed of 5 units. “3 Group living units”, “Office working and communication unit”, “Training unit for parents and children”.Save this picture!© Hiroshi Ueda, Yoshihiro AsadaEach units are connected by the oval corridor, and they are located to be able to watch the life and activity of the children through a surrounded courtyard.Save this picture!Floor PlanA group living unit is the house where 6 or 7 children live as a family. Two group living units are connected and composed of two families. We design the dining room with high side-light like outside space, and design the outdoors-like atmosphere by the wall made by clapboard of red cedar. The dining room are surround by children’s private rooms, and the children can watch each other easily. The warm light leaks out from the high sidelight, and makes the warm atmosphere for the children who come back to their houses in the night.Save this picture!© Hiroshi Ueda, Yoshihiro AsadaThe hall for regional exchange (2nd floor of the office working unit) formed a big space by the wooden lattice beams. The outside aluminum eaves (the office working unit) block the summer sunlight, at the same time, the eaves make the shadow to the building outer wall.Save this picture!© Hiroshi Ueda, Yoshihiro AsadaThe training unit for parents and children consisted of 3 houses, and we design the atmosphere like a heartful family home.We design these houses where the children live happily……Save this picture!© Hiroshi Ueda, Yoshihiro AsadaProject gallerySee allShow lessRT Residence / Jacobsen ArquiteturaSelected ProjectsExplore the Land of the Upright People in Grant Smith’s “Upright and Educated”EventProject locationAddress:Tsukuba, Ibaraki Prefecture, JapanLocation to be used only as a reference. It could indicate city/country but not exact address. Share ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/588946/children-s-nursing-home-tsukuba-aiji-en-k-s-architects Clipboard Children’s Nursing Home “Tsukuba-Aiji-en” / K+S ArchitectsSave this projectSaveChildren’s Nursing Home “Tsukuba-Aiji-en” / K+S Architects CopyAbout this officeK+S ArchitectsOfficeFollowProductsWoodSteel#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousingEducational ArchitectureKindergartenDay CareTsukubaHousingEducationalResidentialJapanPublished on January 19, 2015Cite: “Children’s Nursing Home “Tsukuba-Aiji-en” / K+S Architects” 19 Jan 2015. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Read commentsBrowse the CatalogVentilated / Double Skin FacadeTechnowoodProfile Façade SystemGlassMitrexSolar PanelsMetal PanelsAurubisCopper Alloy: Nordic RoyalFiber Cements / CementsEQUITONEFiber Cement Facade Panel PicturaCultural / PatrimonialIsland Exterior FabricatorsSeptember 11th Memorial Museum Envelope SystemConcreteKrytonSmart ConcreteSignage / Display SystemsGoppionDisplay Case – B-ClassMetal PanelsLorin IndustriesAnodized Aluminum – Stainless Steel FinishesWoodStructureCraftEngineering – Mass TimberWindowspanoramah!®ah!38 – FlexibilityChairsSellexChair – IrinaBathroom FurnitureKaleBathroom Cabinets – ZeroMore products »Read commentsSave世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more

The Latest: Tuberville stands by account of Trump phone call

first_imgLocal NewsUS News The Latest: Tuberville stands by account of Trump phone call TAGS  In this image from video, House impeachment manager Del. Stacey Plaskett, D-Virgin Islands, answers a question from Sen. Jacky Rosen, D-Nev., during the second impeachment trial of former President Donald Trump in the Senate at the U.S. Capitol in Washington, Friday, Feb. 12, 2021. Facebook Facebook WhatsApp Twittercenter_img Pinterest By Digital AIM Web Support – February 12, 2021 Twitter WhatsApp Pinterest Previous articleThe Latest: Lightning’s Stamkos added to NHL’s COVID-19 listNext articleKinsey carries Marshall over Middle Tennessee 107-79 Digital AIM Web Supportlast_img read more

Pioneer Natural Resources: 4Q Earnings Snapshot

first_img Facebook Pioneer Natural Resources: 4Q Earnings Snapshot By Digital AIM Web Support – February 23, 2021 Pinterest WhatsApp Pinterest WhatsApp Facebook Twitter Twitter TAGS  Local NewsBusinessState Previous articleHALCON Presenta el Primer Misil de Defensa Aérea de los Emiratos Árabes UnidosNext articleOAT022321_Mother_Son_duo_Arizona_volunteers_05 Digital AIM Web Supportlast_img read more

The Long-Term Impact of Redlining on Home Prices

first_img Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago April 25, 2018 2,245 Views Fair Housing Act Home Owners’ Loan Corp Home Prices Redlining Zillow 2018-04-25 David Wharton Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / The Long-Term Impact of Redlining on Home Prices Demand Propels Home Prices Upward 2 days ago Share Save Previous: Sen. Brown Calls for Mulvaney’s Resignation Next: Two Industry Veterans Hired to National General Lender Services About Author: David Wharton Tagged with: Fair Housing Act Home Owners’ Loan Corp Home Prices Redlining Zillow Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago  Print This Post David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] Servicers Navigate the Post-Pandemic World 2 days ago The Long-Term Impact of Redlining on Home Prices in Daily Dose, Featured, Government, Journal, Market Studies, News Data Provider Black Knight to Acquire Top of Mind 2 days ago As the nation is celebrating the 50th anniversary of President Lyndon B. Johnson’s signing of the Fair Housing Act, Zillow Research has taken a look at the impact of the sort of policies the Fair Housing Act was intended to counter. Some eight decades after the federal government “redlined” certain neighborhoods as being hazardous for mortgage lenders, Zillow finds that home prices in those areas still lag behind those of unaffected neighborhoods.During the 1930s and 1940s, the federal government’s Home Owners’ Loan Corp. (HOLC) would classify neighborhoods with one of four ratings: best, still desirable, definitely declining, and hazardous. According to Zillow Research, the median home value in redlined neighborhoods “was 47.1 percent that of the areas rated ‘best’—and the gap has worsened since then.” During the intervening two decades, the median home value in those “best”-rated neighborhoods has risen 230.8 percent to $640,238. For the redlined neighborhoods? The same amount of time has witnessed an increase of only 203.1 percent, with median home values in those areas hitting $276,199.Unsurprisingly, neighborhoods classified as “hazardous” very often tended to be those occupied primarily by racial or ethnic minorities, and by the poor.Zillow found that these price discrepancies were particularly noticeable in Los Angeles, which is the second-largest metropolitan area in the country. Zillow’s report states, “The median home value in formerly redlined neighborhoods of Los Angeles is just 7.2 percent above its bubble-era peak, whereas the median in areas formerly ranked ‘best’ climbed 45.6 percent from its bubble-era peak, to $4.2 million in December 2017.”Zillow tracked 151 different metro areas for the study, and in only one of them were median home values in formerly redlined neighborhoods higher than formerly “best”-labeled neighborhoods from the same region. That standout metro? Haverhill, Massachusetts.To read Zillow’s full research report on the lingering effects of redlining, click here. The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribelast_img read more

Monsanto Bt Cotton: Delhi HC Holds That CCI ‘s Jurisdiction To Hear Complaints Regarding Abuse of Dominance In Respect To Patent Rights Not Excluded [Read Judgment]

first_imgNews UpdatesMonsanto Bt Cotton: Delhi HC Holds That CCI ‘s Jurisdiction To Hear Complaints Regarding Abuse of Dominance In Respect To Patent Rights Not Excluded [Read Judgment] Karan Tripathi20 May 2020 5:08 AMShare This – xWhile highlighting that there’s no conflict between the Patents Act and the Competition Act, the Delhi High Court has held that the jurisdiction of the CCI to entertain complaints regarding abuse of dominance in respect to patent rights could not be excluded. The Single Bench of Justice Vibhu Bakhru further noted that the exclusionary clause under section 3(5) of the Competition…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?LoginWhile highlighting that there’s no conflict between the Patents Act and the Competition Act, the Delhi High Court has held that the jurisdiction of the CCI to entertain complaints regarding abuse of dominance in respect to patent rights could not be excluded. The Single Bench of Justice Vibhu Bakhru further noted that the exclusionary clause under section 3(5) of the Competition Act cannot allow the patentee to include onerous conditions under the guise of protecting its rights. The order has come in a plea moved by Monsanto Pvt Ltd challenging the order passed by the Competition Commission of India under section 26 of the Competition Act, wherein Director General was directed to investigate complaints of abuse of dominant position by Monsanto in the Bt Cotton market. Factual Background The dispute between the Petitioner and the informants primarily revolved around the trait fee charged by MMBL and the other terms and conditions imposed by it for using the technology for manufacturing Bt. Cotton Seeds. MMBL is a company incorporated in India and is part of the Monsanto group. MMBL, in turn sub-licenses the technology licensed by Monsanto to various seed manufacturers in India including the Informants. It is stated that consideration for sub-licensing the said technology is in two parts. The first is a non-refundable fee, which is a required to be paid upfront. The second part is a recurring fee, which is referred to as ‘trait value’ and is determined on the basis of the Maximum Retail Price (MRP) fixed for Bt. Cotton Seeds. The fees/royalty charged by MMBL from the Informants, as well as matters related to cancellation of sub-licensing agreements, have been a subject matter of disputes between them. In the given factual scenario, the informants (Nuziveedu Seeds Ltd. (‘NSL’), Prabhat Agri Biotech Ltd. (‘PABL’) and Pravardhan Seeds Pvt. Ltd. (‘PSPL’)) had filed Information under section 19(1)(a) of the Competition Act before CCI alleging contravention of the Competition Act. The Informants had accused the Petitioner of abusing its position as the dominant player in the market of Bt Cotton Seeds by charging unreasonably high trait fees. Order of the Competition Commission of India CCI held that MMBL held a dominant position in the relevant market of “provision of Bt. Cotton Technology in India” as well as the downstream market of “manufacture and sale of Bt. Cotton seeds in India”. Highlighting the prima facie violation of section 4 of the Competition Act, CCI found the allegations made by the informants to be prima facie merited. It held that the stringent conditions imposed in the Sub-licence agreement(s) discouraged the Seed companies from dealing with competitors and also amounted to restricting development of alternate technologies. CCI further noted that prima facie, the conditions imposed in the Sub-licence agreements were harsh and not reasonable for protecting the IPR rights. Accordingly, the CCI had passed the order under section 26(1) of the Competition Act directing the DG to conduct an investigation in the matter. Submissions Made By The Petitioner The Petitioner argued that the CCI does not have any jurisdiction to examine the issues raised before it as they relate to the exercise of rights granted under the Patents Act. According to the Petitioner, the remedies against alleged abuse of any rights by the patentee would fall exclusively within the remedies as provided under the Patents Act and, therefore, the jurisdiction of the CCI to entertain such disputes is impliedly excluded. It was further submitted that a bare perusal of Section 140 of the Patents Act indicates that it mirrors the principles that are embodied in Sections 3 and 4 of the Competition Act. Therefore, in terms of Section 66 and 85 of the Patents Act, a patent could be revoked in public interest. Petitioner also argued that section 140 of the Patents Act was retained despite the presence of the Competition Act. This shows that the legislative intent did not contemplate the CCI examining such issues and the same were required to be examined by the Controller. ‘if it is held that the CCI had jurisdiction to examine matters that were within the domain of the Patents Act, it would result in various parties abusing the same and proceeding directly to CCI instead of resorting to remedies under the Patents Act. This would result in loss of significant resources and cause market disruptions’, the Petitioner argued. The Petitioner further contended that in terms of Section 3(5) of the Competition Act, the Petitioners were well within their right to enter into agreement to restrain any infringement and this aspect was expressly excluded by virtue of Section 3(5) of the Competition Act. Observations of the Court On the issue of conflict of laws, the court observed that section 62 of the Competition Act clearly expresses the legislative intent that the Competition Act is in addition to other laws and not in substitution thereof. The court further highlighted that orders that can be passed by the CCI under Section 27 of the Competition Act in respect of abuse of dominant position by any enterprise are materially different from the remedies that are available under Section 84 of the Patents Act. In light of this, the court observed, the move of a prospective licensee to approach the Controller for a compulsory license would not be inconsistent with the CCI passing an appropriate order under Section 27 of the Competition Act. Therefore, the court concluded that there’s no conflict between the Competition Act and the Patents Act and, therefore, the jurisdiction of the CCI to entertain complaints regarding abuse of dominance in respect to patent rights could not be excluded. The court also highlighted that the exclusionary provision under section 3(5) of the Competition Act to restrain infringement cannot be read to mean a right to include unreasonable conditions that far exceed those that are necessary, for the aforesaid purpose. ‘Subsection (5) of section 3 of the Competition Act does not mean that a patentee would be free to include onerous conditions under the guise of protecting its rights’, the court held. While refusing to interfere with the merits of the case, the court noted that order passed by the CCI under Section 26(1) of the Competition Act is an administrative order and, therefore, unless it is found that the same is arbitrary, unreasonable and fails the wednesbury test, no interference would be warranted. Therefore, the court refused to interfere with the orders passed by the Competition Commission of India.Click Here To Download Judgment[Read Judgment] Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more