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Is A New Job A Good Idea?

Roughly 110,000 people start a new job every day. It is easy to think that a new job means a new start and that your life will improve. However, how can you be so sure? There are many factors in life that contribute to your happiness and wellbeing, so don’t rush into a job too quick. If you feel you are ready, head down to the local recruitment agency or hand out your CVs to companies. Reading this following advice will assist you in knowing if you are ready.

Have You Been There Long Enough?

If you are seeking a new job, the most important thing is to make sure you portray yourself as an idyllic candidate. One way of doing this is to have gained credibility from your previous role. Make sure to stay in your current job for a long enough time so that your potential new employer won’t suspect you’ll abandon ship after a short time. Always try to work somewhere for at least a year to prove you possess perseverance and commitment to what you do. If you are leaving your role, specify your reasons for your departure but turn them into positives. If you are asked about why you left in the future and your reasons are selfish, then you could be looked down upon by employers.

Are You Close to Being Vested?

When you are vested in a retirement plan, your employer can make retirement contributions that you can keep for yourself. No matter what, you will always keep these contributions. The vast majority of companies will label you as vested after 5 years of working for them – some even do it after 3! Therefore, it would be a complete waste of time to leave your role if you are close to becoming vested. Contributions will have been waiting for you, but you won’t be permitted to access them. However, if you want a new job but are a couple years away from being vested, it would be advisable to look elsewhere. There would be no pointing being unhappy, working a job you don’t like for 2 more years merely to get vested.

Opportunity for Upward Mobility?

Do you see yourself climbing the ladder soon in your current job? It is important to consider if you are close to promotion as it would be seen as credible if you can build yourself up. Via maxing out your potential trajectory, you give yourself a healthy choice. You could stay in your role as you have worked hard and want to stay at the top. Alternatively, you could think that other employers will admire what you have done in your current role and you will no doubt receive irresistible offers! If there is the potential of getting a promotion, it would be advisory to keep on looking for new jobs anyway. This is because you could struggle in the new promoted position, or even worse, be underappreciated and not valued by your workmates. A promotion is always a risk, but ultimately it is up to you if you want to prioritise a promotion or a new job entirely.

Obligations to Current Employer?

One of the most important things to consider is your current commitments to your current workplace. Are you contracted to any commitments? Have you received any incentives? Incentives have clauses that state the quantity of time you must work for a company without having to pay them back. Also, if the company you work for has funded classes or other learning for you, it may be essential for you to pay this money back unless you have worked a certain amount of time for the employer. 

Are You Ready for a New Job?

Firstly, you need to make sure that your certificates are all up to date and that you are eligible for new employment. Also, it would be helpful if you are able to save money to cover the time that you won’t be getting paid. Are you financially stable enough to work an entire month without pay? There are then a few things that will help you be ready for a new job, (it would be best to do these things whilst in your current role) and they are:

  • Make connections
  • Take courses
  • Do research
  • Prepare your CV

So, now that you have been informed with the above information, you have been put in the best possible stead. Perhaps it would be best for you to take your time and weigh up all your options. On the other hand, if you’re ready to tackle a new role, all the best!

Blockchain, Law and Economy — What Is Behind the Development of IT Sector in Ukraine

Modern technologies are slowly but surely taking up more time and resources in everybody’s lives. Investing in blockchain isn’t fiction anymore, but a great way to make money.

Blockchain technology can be used not only for mining, but also to support innovative technologies in business. In Ukraine, an IT company, Simcord, is among the innovators in this field. In this review, we will look at what the tech leader does and what it offers to its customers.

Overview of Activity Areas of the Company

Simcord has been operating on the market of innovative technologies in Ukraine for over 20 years. Its activity is marked with the ISO 9001:2015 certificate (research and development in the field of development and production of blockchain-based software solutions). The main activity areas are:

·        research and development;

·        software development and implementation;

·        implementation of hi-tech solutions for business;

·        integration of blockchain technologies.

To give an understanding of the principles of the company’s operation, let’s define its mission: to create and implement tools capable of realizing everyone’s potential to the best of their abilities (in the future, such tools will help change the direction of development of humanity by changing the way of thinking and the way of life).

Scientific Direction as a Priority for Development

Constant scientific developments in the selected fields are the foundation of successful operation of Simcord.

The founder and CEO of Simcord Alexander Kud is personally conducting scientific activity. His work on defining the term “digital asset” was published on March 30, 2019 in the scientific publication “International Journal of Education and Science”. This research gave the definition and established the components of this indicator.

Thus, digital asset is an information resource derivative of the right to a value and circulating in the distributed ledger in the form of a unique identifier.

Activity on the International Market

The company’s experience allows it to operate in other countries, attract participants from abroad and conduct briefings intended for a wide audience.

In September, 2018, the traditional annual event “Simcord Innovation Technologies” took place that was attended by 520 people from countries all over the world. The event was dedicated to, first and foremost, the new main project of the company, the Bitbon system, and its prospects for the global financial system.

Last year, Simcord also took part in the economic forum “Kharkiv — Development and Investment” presenting the development potential of hi-tech business in Ukraine. Representatives of the company presented the main activity area and projects.

At the end of September, the company presented its speakers at the “III Kharkiv International Legal Forum”, where they discussed the topic of regulating operations with cryptocurrencies and their taxation.

In their presentations, Simcord speakers touched on the matter of implementing blockchain technology in modern society and the prospects of its use.

The presentation of an IT law specialist about the advantages that are gained by the parties when forming trust-based socioeconomic relations using the Bitbon system and its opportunities was particularly interesting.

Sergey Litvinenko, one of the managers of Simcord, discussed the topic of socially-oriented networks and economic ecosystems of the new generation that are based on blockchain. He emphasized that the new consensus building algorithm, Community PoS, will open extensive opportunities for the implementation of the new economic and legal model of relations.

Simcord CEO Alexandr Kud conducted a briefing, where he announced that, in the near future, a new age will begin, which will influence not only national economies of certain countries, but the global economy. It will be based on blockchain technology that is already starting to be actively implemented into the real sector.

After the discussion, its speakers signed a protocol, which contains the main idea that today blockchain is becoming the driving force of development of both national and global economies.

The protocol emphasizes the importance of legal analysis of blockchain technology, both of a digital technology and of the opportunity of its application in social relations. The participants of the discussion agreed that today there is an objective need to create the Center for Development of Legal Solutions that would deal with the issues of blockchain technology and develop a methodological foundation based on it.

Thus, Ukrainian IT companies are covering much more than just software development and support. By implementing their solutions and ideas on establishing blockchain, regulating cryptocurrencies and transforming the financial sector, such companies take major part in developing the country.

ReputationDefender’s Tips for Handling an Online Privacy Breach

If someone is trying to harass or discredit you online, your social media profiles will be the first places they go. Keeping your personal and professional accounts completely separate helps to limit their reach, and prevents potentially damaging circumstances in your personal life becoming associated with your business or professional reputation. If your name and face are part of your brand, using a middle name or pseudonym can help keep your personal profile out of the spotlight.

But what if your privacy has already been breached, how do you fix the issue?

By default, most social media profiles are completely open to the public by default, letting anyone look through every post and photo you have uploaded, which could go all the way back to when you were in college or even in school. Set everything on your profile to be visible to friends only, or even just you if there is a chance someone within your network is leaking information. Social media privacy settings are a vital tool in protecting yourself online.

Next, it is time to purge your old posts. You might have just prevented the average internet user from accessing your profile, but anyone on your friends list can still just take a screenshot of anything on your page. This could be very time-consuming, as you might need to go through years of posts and photos to make sure there is nothing online that could be damaging. Put simply, if you don’t want something to be made public, deleting it entirely is by far the safest option.

The average person in the UK has more than 500 friends on social media, but only actually knows a small fraction of that. If you have a habit of adding people you don’t really know, now is the time to break it. There is no use making your profile private if the people violating your privacy are on your friends list. In fact, now might also be a great time to start unfriending some of those strangers. ReputationDefender’s online reputation specialists are experts at protecting your digital privacy in a crisis.

If your online privacy is under attack, get in contact by calling +44 800 131 0700, or emailing hello@reputationdefender.com to find out how we can help, or follow us on Twitter for more tips on protecting your online reputation.

Former Trump advisor announces defence against lease revocation of Trisulti Charterhouse

Seen as a threat to Italian culture and politics, right-wing populism, which has been on the increase in sections of Europe in recent years, has left societies with a choice between nationalistic sentiment, and a more open and inclusive society.

During a summer of discontent, the Dignitatis Humanae Institute (DHI), the conservative Catholic organisation challenged the revocation of its tenancy of the sprawling Charterhouse of Collepardo in Trisulti, Italy, co-leased by none other than Mr. Steve Bannon, President Trump’s former political advisor.

Milan-based broadcaster, Telefriuli, caught up with Benjamin Harnwell, the British-born director of DHI, a self-proclaimed far-right group, on its September 23rd episode of FOCUS, also interviewing Italian officials close to the events.

Mr. Harnwell was asked about the status of repairs to the monastery following the storms in spring, saying that work was underway to repair damaged sections of the roof. He went on to say that having extended the lease in February 2019, DHI was required by “[Italy’s] former minister of culture, Alberto Bonisoli, [who] believed he had found irregularities and suspended work on the monastery June through September, and that [we have been] working full time for three-and-a-half months with a team of four lawyers in order to defend ourselves” against what he called ‘unjust accusations’ that were ‘politically motivated.’

Bonisoli is a member of the 5-Star Movement, an anti-establishment party with left-wing tendencies.

Mr. Harnwell continued, “The political left in Italy has acted in such a way to polarise our presence here” staging several marches in the surrounding area of the monastery, situated some 70km east of Rome, Italy. “There would basically be political activists pretending to be ordinary citizens; you can see clearly from footage on YouTube or on the news they were activists wrapped in rainbow flags.”

Mr. Harnwell stated on an earlier occasion that the monastery was set to be “the global headquarters of the fight to defend the Judeo-Christian basis of Western civilization.”

The DHI Foundation maintains the business dealings with the Italian government were legitimate.

“The Italian ministry put this monastery out to public tender so that a private organization could come in and invest on these works, and so save the Italian taxpayer from having to pay for it” Mr. Harnwell continued. “It’s simply not the case that it is in a state of neglect.”

While Mr. Harnwell’s claims seem justified, there has been concern from senior Italian officials and scholars alike. Italy’s Prime Minister Giuseppe Conte also does not appear sympathetic to the school. He said his newly formed coalition would lead a “more united, inclusive” country following the collapse of the country’s populist government in August. The anti-establishment Five Star Movement (M5S) and the centre-left Democratic Party, once bitter foes, have agreed to a coalition to stave off snap elections in the eurozone’s third largest economy.

Seen as a threat to Italian culture and politics, right-wing populism, which has been on the increase in sections of Europe in recent years, has left societies with a choice between nationalistic sentiment, and a more open and inclusive society.

Daniela Bianchi, a Councillor for the Lazio Region of the Democratic Party, said, “The actions pursued by the DHI are illegitimate, and made false statements in many cases.”

Adjunct Professor of Political History at Rome’s Luiss University said, “The project to create a political school in Trisulti has been a failure.”

Italy’s Minister of Culture has personally ensured Mr. Bannon’s shoe-in with DHI will come to nothing at the mountaintop monastery. With populism and nationalism finding a home in several European countries, and with similarly strong reactions from liberal movements, the populism vs centrism debate continues.

Our Guide To Airlines When Travelling To Europe

Travelling is a stressful time for some as luggage restrictions and organising passports can sometimes take away from the fun of a summer holiday. However, it does not have to be this way. In this article, we will be giving you a simple guide on how to combat the airports when travelling to Europe. 

Have Your Documents On Hand 

One of the biggest ways to beat the rush at the airport is to ensure that you have all the documentation that you need beforehand. Whether this is renewing your EHIC Card at Ehic.co.uk or renewing your passport, you can have all the documentation that you need to ensure your check-in is as seamless as possible, particularly when travelling with the family or a large amount of luggage. 

Look For The Best Possible Deals 

Before travelling to Europe, it is important to ensure that you have booked your hair fair in advance. By booking approximately 6 weeks in advance you are able to save yourself a significant amount of money on flights with the best possible seats. Additionally, there are also a number of airline comparison sites that allow you to look at all the airlines to one specific location. This is great if you are travelling with a family as you can be sure you have found the best possible price when booking. 

Fly Direct If You Can 

Another way that you can cut cost when travelling to Europe is to fly direct. Though this may cost you more upfront, this is the perfect way to avoid delays and having to pay the price of two individual tickets. With airlines such as Easy Jet and British Airways providing direct flights to a number of European locations, you can have a stress-free trip at any point throughout the year. 

Check-In Early 

When you arrive at the airport, it may be worth checking in early for your flight. Not only will this give you the freedom of removing your suitcases but you can then begin to look around the airport before heading to security. This makes the process far less stressful and can help you to relax and unwind before the flight. Though there may sometimes be an additional charge for checking in early, it is well worth paying the price as it helps to alleviate stress and ensure you are ready for the flight in plenty of time.

Check The Weight Of Your Suitcase Before You Leave 

The final way that you can beat the stress of an airport experience is weighing your bag before you leave. By ensuring that your suitcase is under the restriction placed by your airline, you will make the process as stress-free as possible. A luggage scale can be bought in a wide range of supermarkets and is your new best friend, both before you leave and when you are flying home. 

Whether you are jetting off to a European destination in the future or you are beginning to plan your summer holiday for next year, each of these tips will help you to have a stress free and enjoyable experience. What more could you ask for? 

5 Benefits of Medical Cannabis for Your Health

When we talk about drugs, we tend to focus on the harmful effects they cause, which increase with consumer addiction. However, remember that drugs, such as morphine, codeine and more, are used medicinally, as is medical cannabis according to recent studies, which have found a number of benefits for the human body. Therapeutic use often occurs in the absence of the criteria that give cannabis medical quality. It is called Medical Grade Cannabis that has quality control, whose production is standardized and that meets international standards for herbal medicines. The medicinal use of cannabis refers above all to the end we give it and not to its quality. 

How does medical cannabis affect our bodies? 

Cannabis contains substances that resemble our natural brain neurotransmitters. One of them is tetrahydrocannabinol or THC, which in the short term produces a sense of well-being and amplification of pleasurable sensations, elevation of the pain threshold – but also some interference with the formation of memories and with motor functions. 

Cannabis contains another substance called cannabidiol or CBD, which increases the levels of another endogenous neurotransmitter called 2-AG. This neurotransmitter, deals with the regulation of the immune system and pain. THC is psychotropic, and it’s the part of the cannabis that gives you the “recreational” effects, but CBD does not produce these effects: on the contrary, it does affect brain function and overall health, in many cases in a beneficial way. 

Reduces chronic pain 

After reviewing many studies, the report of the National Academy of Science in the US concluded that the treatment of chronic pain was the main use of cannabis, and the reason why many people used it as a medical indication. These effects depend on both THC and CBD. It is also effective against muscle spasms, for example of the diaphragm, that do not respond to other medications. 

Slows down the development of cancer and alleviate the effects of chemotherapy 

The same CBD component can slow the development of breast cancer according to the San Francisco University study. Other studies with mice have shown that THC also slows the growth of tumors, and a more recent one, combining CBD and THC, found that adding radiation therapy achieved a more effective treatment to stop the development of glioma, the most common brain tumor . However, these results have not yet been replicated in humans. 

Cancer patients treated with chemotherapy experience nausea, vomiting and loss of appetite. Several studies have proven that smoking marijuana or using THC-based drugs can relieve these symptoms. 

Helps with Alzheimer’s, Parkinson’s, and Multiple Sclerosis 

Smoking cannabis has beneficial effects on neurodegenerative diseases. THC slows down the development of amyloid plaques that form in the brains of Alzheimer’s patients, thus slowing down the disease. The mixture of CBD and THC can also help preserve memory and dronabinol, another cannabinoid, can lessen behavioural disorders in Alzheimer’s patients. Multiple sclerosis patients who smoked cannabis also saw their muscle spasms and pain reduced, and in the case of Parkinson’s, it also helped reduce tremors and pain according to studies university Tel Avid. 

Reduces post-traumatic stress and schizophrenia symptoms 

In the USA, post-traumatic stress syndrome is the most common reason for prescribing cannabis to patients. Several studies with war veterans indicate that it reduces feelings of fear and anxiety. Other studies indicate that CBD relieves seizures in patients diagnosed with schizophrenia. 

Glaucoma treatment 

Since the 70s there are studies that prove that the use of marijuana relieves intraocular pressure for several hours, and can be used for short-term treatment of glaucoma. The treatment has the side effects of using marijuana, and it is not better or worse than other 

medications on the market, so a more durable and less invasive treatment is being developed from the plant.

Virtual Reality to Revolutionize the Gambling Industry

The gambling industry is quick to seize on technological advancements. If some new tech is seen to benefit players or offer them a more exciting experience, then it is soon adopted. The internet is an excellent example of this. As soon as the internet started to become mainstream, it was quickly flooded with a host of casinos competing to offer the biggest and best online experience. Graphics, sounds, and game play have all hugely advanced since then and been incorporated into exciting new games. The latest advancement that could completely revolutionize the gambling industry is Virtual Reality (VR).

What is Virtual Reality?

Like the name suggests, users step in a whole new reality, a whole new world. Using wearable hardware, users become entirely immersed in an environment that they can travel through, explore, and make their own. No longer do users simply play games, they live them.

How Does VR Benefit Players?

There are several compelling reasons for keen players to don VR hardware. The first is the total immersion it provides. Instead of looking at a flat 2D screen, players can wander the halls and rooms of a virtual casino – right from home. They could place a wager on a horse race and watch it play out in three dimensions as if they were at the track. Of course, the technology doesn’t quite offer this level of seamless experience, yet. But the possibilities are exhilarating.

One enticing possibility is the opportunity for social interaction. This is one aspect this is missing from traditional online gambling. With VR, players can meet other players, interact with dealers in a more complete way, make friends, and increase their overall enjoyment. Imagine checking out new casinos, virtually, exploring the games, learning the rules first hand from real people in that world. Envision an online world of amazing casinos, more fantastic than the biggest and most elaborate Las Vegas resorts. What is possible in these worlds is only limited by a developer’s imagination. It is an intoxicating thought.

Don’t We Have That Already?

Virtual Reality casinos were launched in 2015 with SlotsMillion, but we are still in the early days. Like all new technology, it can be clunky and limited in the beginning, but when more developers get on board, the sky’s the limit. At the moment there are a few online platforms that offer VR – you can check sites like topcasinosites.co.uk for lists of casinos that provide various forms of gambling. Keep your expectations in check though. For now, we haven’t reached the full potential of VR just yet.

Final Words

There is no doubt that Virtual Reality has the potential to revolutionize the gambling industry. It offers the chance to take gambling to a whole new level of immersion and enjoyment. Players can enter worlds of their choice, interact with like-minded people, view events as if they were really there – all from the comfort of their home. We are still in the VR infancy, but as the technology is picked up by more developers we can expect it to soar.  

Why big banks need to update their back-end technology

Financial technology, or fintech, has developed hugely over the past decade. In many ways, it has transformed the way that the financial sector operates. The automation of financial services, and their move online, have been enabled by digital technology in the form of machine learning AI, sophisticated software and complex algorithms. In terms of customer experience and security, making financial transactions is now very different from what it was just ten or 20 years ago.

Fintech, however, is not just about the customer-facing software that enables us to do our everyday banking or even trade on the stock market via our phones and laptops. Fintech also covers the “back end” of financial institutions such as banks or brokers. While the fintech stories that make the news often involve disruptive start-ups offering new ways for customers to bank or buy products, behind the scenes, the technology is in many cases in urgent need of investment and updating.

Legacy systems

The infrastructure used for financial trading, data storage and analytics, and for managing risk and compliance, costs banks and other institutions a huge amount of money just on essential maintenance. However, despite investment in developments such as cloud computing, these systems are in some cases up to 30 years old and require a major and expensive overhaul to bring them up to speed in the modern world.

Many major institutions are still using overly complex, out-of-date systems for processes such as compliance, data retrieval and document processing. The hi-tech front end as seen by the customer is often far more impressive than the legacy systems used by employees in the back end, where a surprising amount of work is still done manually. Of course, this increases the risk of human error.

Adapt to survive

In some ways, financial institutions that operate entirely in the digital arena are better able to adapt than older institutions still rooted in brick-and-mortar banking and a 19th-century approach to finance. The recent acquisition of smart contract provider Firmo by online trading platform eToro is a part of a wider growth strategy for the investment broker that looks to a future of tokenised assets and increasing use of blockchain technology to track financial transactions. In comparison, many banking multinationals are lagging behind.   

Disruption is coming

Disruptive technologies have not hit clearing, payment and messaging services between banks in the same way that they have changed how customers interact with financial providers and service vendors. These are the “rails” of the financial industry, and they are the same for both massive institutions and new start-ups. While new online lenders may promise a financial revolution, they are using the same system that is in place for decades. The only difference is that they have to pay more to use it than the banks, which essentially own the systems. There is huge potential for a disruptive financial revolution based on developing a new, modern back-end system, free from the control of the major players. The big institutions have a vested interest in keeping things as they are, but if or when change comes, it will be far better for them if they are the instigators of this change. Otherwise, like the dinosaurs, they may find that they are obsolete overnight.

Jürg Widmer Probst on how to pair your cigar with the perfect drink

If there is one thing that is better than enjoying a high quality cigar, it is enjoying a high quality cigar with the right drink. 

And just as certain types of wine go with certain foods, the same is the case with cigars and drinks. So how do you go about matching that cigar you’ve just pulled out of the box with the perfect drink from your cabinet? 

Here are a few basic guidelines.

1. Match bold-flavoured drinks with a strong cigar

If you’re about to light up a cigar with a strong, peppery flavour profile like a 601 La Bomba, you need a drink that can handle this. 

Pick an alcoholic drink like a tequila to balance out (but not overwhelm) your powerful cigar. Remember, it is important that the two flavour profiles work together, rather than cancelling out or swamping each other.

2. Match more subtly-flavoured cigars with a smoother drink

There is a reason people smoke a mild cigar with their morning cup of coffee. It’s because they like the blend of coffee they drink, and they want to taste it properly. 

But it is also because they like all of the flavours that go into the particular cigar they’re smoking. 

They know the coffee will balance – and even enhance – that smoking taste experience. And because they’ve chosen a cigar with a subtle, complex flavour, the two elements will work perfectly together. 

3. It doesn’t always have to be an alcoholic drink

Sure, a delicious malt whisky, a brandy or a high quality tequila is a great option to go with a cigar. 

And we’ve already spoken about the joys of that coffee and a mild morning cigar. But what about other non-alcoholic options? 

Our left-field choice for this is cream soda. It’s actually a wonderful match – the vanilla flavours of a cream soda go perfectly with a cigar. There is also a bit of history here too. Apparently the original Cuban cigars were designed to give smokers a real hit of vanilla flavour, so the match up makes sense.

4. Think about the colour

Here’s a technique that actually works. Use the colour of your drinks and your cigar as an indicator of the relative richness of each. 

So, a deep brown, full-bodied cigar will probably go well with an equally full-bodied, rich coloured bourbon. 

And that light and creamy cigar you’ve just pulled out of the box will go perfectly with a light and complex single malt. Hold them both up to the light, and see how they look together.

5. Avoid white spirits

Some people might say this is a good general rule for life, but we’re just talking cigars here! 

White spirits like vodka and gin just don’t really work with cigars for some reason. Even though many of them have a strong enough flavour, it seems that cigars just overwhelm them. 

So, stick with the whisky, cognac, brandy and rum when you’re deciding which drink to go with your cigar of choice.

Another Fraud suspicion in Argentina Involving Danish Maersk

Another suspicion of fraud in Argentina involving the maritime giant Maersk Holding Company, this is not the first time the shipping giant company would be involved in cases of fraud-related activity across the globe.
Meridian Maritime S.A, a local maritime operator, sued Svitzer which is the Argentine subsidiary of the maritime giant and a member of the Danish holding company APM Moller Maersk.
Meridian Maritime S.A in 2016 entered into a joint venture agreement with Svitzer a subsidiary of the maritime giant APM Maersk on the deal that the local operator Meridian Maritime S.A would provide 20 percent of the capital and its experience, knowledge, and clients of the local market, while Svitzer, on the other hand, would provide 80 percent of the money and its international experience and knowledge. This joint venture agreement led to the formation of Madero Amarras S.A.
In the complaint filed in the commercial court No.8 in which the following stakeholders/managements were served, the CEO of the company Marc Nieder, its director Kees Van Den Borne, the company trustees Horacio Julio R.M and Luis Gustavo Cedrone, and also the company’s attorney in Argentina Nicolas Fernandez Madero, the plaintiff stated that the agreement reached with Svitzer has not been complied with.
Meridian Maritime S.A has accused the global tugboat port operator of fraudulently sidelining the agreement it entered with her by maneuvering the company’s activities. It alleged that since the maritime giant company gained access into the local market using the experience, knowledge, and expertise of the local operator they look for ways and means to sideline the local operator from its activities to keep the whole business to itself.
In addition to the suit filed by the minority shareholders, they also accused the company’s board of Directors of approving a false statement of account which was submitted by the management. Also, in the suit filed by the plaintiff Meridian Maritime S.A, it accused the board set up by Svitzer of financial mismanagement through unjustified expenses and awarding of contracts to companies abroad that are being controlled by Maersk group, the companies include Svitzer Caribbean Ltd, Wijsmuller, and others.
Judge Javier Consentino decided to intervene in the case on March 28. Judge Javier Consentino ordered the suspension of execution of what the board approved in its previous meeting of March 6 for not being in accordance with the third party’s right to information which denied them access to the company’s proper financial situation.
The Judge ruled in favor of the plaintiff in a bid to safeguard the stakeholders right. However, the judge also opted for a precautionary measure that will allow the company to intervene by a seer for 90 days, which may also be extended by the court.
Also, in 2017 Maersk was involved in a conflict that could have brought about a diplomatic meltdown when Federal Judge Enrique Lavie Pica banned the activities of government tugboats for illegal activities without approval on the Malvinas Islands.
The Justice objected to tugboats which Maersk awarded the tender in 2016 by the Ministry of Energy through its subsidiary, Svitzer.

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