Freddie provided a financial guarantee that protects investors against the risk that the bond defaults.
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BEIJING, Aug 21 (Reuters) - China's state council on Monday issued guidelines on supervision of financial guarantee companies.
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It also says it will provide a financial guarantee in lieu of paying the fine while this appeal is pending.
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In late April, Khan told the Garden Bridge Trust, the charity established by the Bridge's backers, that he cannot provide the financial guarantee for planning permission.
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Many e-commerce businesses do not have the resources to screen for risky transactions, so Signifyd's financial guarantee has allowed them to secure clients like Jet.
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Financial guarantee insurance provides investors in debt securities with guaranteed payment of interest and principal in the event that the issuer of the guaranteed debt is unable to meet its financial obligations.
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As part of a set of measures approved by the boards of the two companies, UniCredit will provide a financial guarantee to allow Fineco to gradually eliminate the portfolio of UniCredit bonds it currently holds by 2024.
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THIRUVANANTHAPURAM, India (Thomson Reuters Foundation) - India's decision to scrap a financial guarantee scheme for migrant domestic workers in Oman will make it harder for maids who are abused or unpaid to get home, campaigners said on Tuesday.
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The proposed deal with Samarco, which will have the financial guarantee of Vale and BHP, will create a foundation to manage recovery, restoration and compensation funds and manage the long-term repair of environmental damage, Ramos said.
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"If the study to scrap the financial guarantee in domestic workers' recruitment is agreed by the Indian government, it will leave domestic workers less protected," said Rafeek Ravuther, director at the Centre for Indian Migration Studies in India.
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"GI Bill for Workers": Push for state policy leadership and create federal flexibility to allow states to deliver a financial guarantee for postsecondary credentialing for today's workforce, which is at risk of dislocation and is concentrated in the Midwest.
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MUSCAT (Thomson Reuters Foundation) - India and Bahrain are considering scrapping a financial guarantee scheme used to protect migrant maids who are not paid by their employers, in a move activists fear could expose thousands of Indian women in the Arab nation.
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Under a set of measures approved to ensure Fineco would not be penalised by a sale, UniCredit would provide a financial guarantee to allow Fineco to gradually eliminate by 2024 an 8.3 billion euro portfolio of UniCredit bonds it currently holds.
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DHC's bonds benefit from a financial guarantee provided by MBIA Assurance S.A. Fitch does not assign any credit to the guarantee as it does not maintain a rating on the guarantor and therefore the rating of DHC's bonds solely reflects the project's underlying credit quality.
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"The CDR will now take the necessary administrative steps, including informing (Chinook) to consider the preliminary approval canceled, and that the financial guarantee, which the company offered as a guarantee they would secure the required documents, will be claimed," the CDR said in a statement.
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Although many admired Mr. Heatherwick's design, and argued that the Garden Bridge would be a major tourist attraction, local opposition, arguments over Mr. Heatherwick's selection, and the demand for a financial guarantee from Mr. Khan before planning permission would be granted, meant continuing delays and increased costs.
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REPORTS UNAUDITED FINANCIAL RESULTS FOR THE SIX MONTHS ENDED DECEMBER 31, 2017 * WINS FINANCE HOLDINGS INC - UNDERGOING A REVIEW OF RISK CONTROLS FOR COMPANY'S FINANCIAL GUARANTEE BUSINESS AND MAY REDUCE OPERATION OF THIS BUSINESS * WINS FINANCE HOLDINGS - CONTINUES TO BE CAUTIOUS AS TO OPERATING RESULTS IN FUTURE IN VIEW OF SLOWDOWN OF CHINESE ECONOMY IN REGIONS WHERE CO OPERATES Source text for Eikon: Further company coverage:
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Reports unaudited and unreviewed fiscal second quarter 2017 financial results * Q2 revenue $2.5 million versus $2.6 million * Wins finance holdings inc - management is not confident co's results will continue to improve in future in view of slowdown of chinese economy * Wins finance holdings inc - "expect continuing slowdown of chinese economy could substantially affect financial guarantee business in coming quarters" * Wins finance holdings inc qtrly basic earnings per share $0.40 * Wins finance holdings inc qtrly diluted earnings per share $0.39 * Wins finance holdings inc qtrly non-gaap earnings per share $0.28 Source text for Eikon: Further company coverage:
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The Argentine government accepted this offshores as a financial guarantee to assign air routes to Avianca which is now being investigated by the Argentine federal justice system.
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The Belgian State also decides to take a 60.5% stake in the financial guarantee mechanism for Dexia SA (60.5% of 90 billion, i.e., 54.45 billion). On 19 March 2012, the Dexia share exits the BEL 20.
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Civil 'Private Right' cases are bail- able but Criminal 'Public Right' cases are not. A person accused of a Private Right offence would be asked to provide either financial guarantee or an appearance guarantee, or both.
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Because of Wiesenhahn's build, athleticism and reputation for hard-nosed play, even though he never played college football, he was offered a tryout by coach George Halas and the NFL's Chicago Bears. However, with no financial guarantee and married with two children, Wiesenhahn passed on the offer.
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The 2009-10 NBL season was the 32nd season for the Wollongong Hawks in the NBL. After Gujarat NRE provided a financial guarantee, the Hawks were eligible to enter the eight team competition. From almost not being a part of the competition to becoming runners-up, was a great achievement.
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The Ambac Financial Group, Inc., generally known as Ambac (originally the American Municipal Bond Assurance Corporation), is an American holding company. Its subsidiaries provide financial guarantee products such as bond insurance to clients in both the public and private sectors globally. Ambac Assurance is a guarantor of public finance and structured finance obligations.
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Surety bond companies attempt to predict the risk that an applicant represents. Those who are perceived to be a higher risk will pay a higher surety bond premium. Since surety bond companies are providing a financial guarantee on the future work performance of those who are bonded, they must have a clear picture of the individual's history.
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The conclusion meant that a majority of the members of parliament were now opposed to the bid, leading Oslo 2022 to withdraw its application for state funding and financial guarantee. No single party had supported the bid at the national level, but the Labour Party (Norway), Liberal Party (Norway) and Christian Democratic Party (Norway) remained undecided throughout the process.
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Instead the payments are suspended. If the vehicle transits the country without delivering any goods, no taxes are due. If it fails to leave the country with all the goods, then the taxes are billed to the importer and the financial guarantee backstops the importer's obligation to pay the taxes. TIR transits are carried out in bond, i.e.
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Insurance covered only $7000 in damages, and Sexsmith arranged a meeting of shareholders to plan a new building. Portage la Prairie tax payers approved a by-law to begin construction of a new rink with a financial guarantee of $15,000 from the city. Work on the new arena began in late November 1936. The first game was played at the completed rink on January 13, 1937.
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In the application for state funding and financial guarantee, Oslo 2022 calculated gross total costs at 33,7 billion NOK. The external quality control review increased the estimate to up to 35,1 billion NOK with 50% certainty, and up to 41,0 billion NOK with 85% certainty. Those numbers may not accurately reflect what would have been the final number. Generally, the Norwegian quality control system have shown a bias at underestimating costs.
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Boston's bid for the 2024 Olympics attracted an engaged and vocal opposition. In December 2013, around the same time as the state's Feasibility Commission launched, the group No Boston Olympics was formed. No Boston Olympics emphasized the economic risk involved with signing a financial guarantee for the IOC, the corruption of the IOC, and the opportunity costs involved in hosting. In November 2014, another group, No Boston 2024, emerged.
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"The federal government pays for security, which is the highest cost of the Olympics ... The other thing they pay for is infrastructure ... There's no city tax money whatsoever ... We are very strong in that position ... in the regard to having that be sponsored by the private sector and others." In previous years, Daley opposed possible bids for the 2008 and 2012 Summer Olympics owing to former international committee financial-guarantee requirements.
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It must be taken into account that the western railway had no financial guarantee of minimum earnings, as the soon-established British railways would have (among other benefits). They would only earn what they obtained from their own activities. In any case, steam engines were finally purchased. A law sanctioned by Buenos Aires province's Chamber of Representatives established the donation of public land, free import of supplies and tax exemptions.
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Harold Bolingbroke Mudie, British Esperantist Harold Bolingbroke Mudie (London, 30 January 1880Enciklopedio de Esperanto – 6 January 1916) was a British esperantist. He served as the first President of the World Esperanto Association. He learnt Esperanto in 1902, having read about it on the Review of Reviews. In November 1903 he founded the gazette The Esperantist, thanks to a financial guarantee by William Thomas Stead; nevertheless, the magazine proved profitable.
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Lorriers making use of the TIR procedure must first obtain an internationally harmonised customs document, referred to as a TIR carnet. TIR carnets are issued by national road transport associations. This customs document is valid internationally and as well as describing the goods, their shipper and their destination, represents a financial guarantee. When a lorry arrives at a border customs post it need not pay import duties and taxes on goods at that time.
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The expenses for the bid are estimated at between 5.5 and 7 billion yen (approximately US$50 million). Funding will come from the Tokyo Metropolitan Government to cover 1.5 billion for the preparations, and the remaining funds will come from the private sector. The plan gives evidence of a national financial guarantee to cover any cost over runs and some infrastructure projects. The bid budget is set at US $48 million jointly funded by private and public sources.
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The 2016 financial guarantee requirements were not initially formalized. Early cost estimates hovered at $5 billion, with $1.1 billion for the lakeside Olympic Village and an additional estimated $366 million for a temporary 80,000 seat Olympic Stadium to be built in Washington Park. Nonetheless, the proposed budget was small in comparison to the Beijing Olympics, which are estimated to have cost $40 billion. Further, the 2004 Athens Summer Olympics, initially budgeted to cost $2.4 billion, in fact cost $9 billion.
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The pivotal issue in pushing the bid forward was obtaining state funding and an unlimited state financial guarantee, as required by the Olympic Charter. 19 June 2013, the Norwegian Olympic Committee and Oslo had put forward their application for funding and guarantee to the Ministry of Culture (Norway). Eventually the cabinet would have to present the issue to the Norwegian parliament, Storting, as the constitution gives the parliament power of the budget. The application for state funding was put through a legally required quality assurance review.
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U.S. Capitol seen in the background Financing for the stadium was expected to be provided by a banking syndicate led by Deutsche Bank. However, finalization of the financing deal stalled due to complex negotiations among the city government, MLB as owner of the team, and the bank. The bank requested a letter of credit or comparable financial guarantee against stadium rent to cover risks such as poor attendance or terrorism. The requested guarantee was $24 million, with the city requesting that MLB provide the guarantee.
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Everton, Clive (Ed.) Snooker Scene, March 1978, p19 and May 1978, p22.. Bennett was a founding member of the Professional Billiards Players' Association when it was reformed in 1969, and, in addition to being a player, was a well-respected administrator and coach for many years. Bennett's efforts led to the resurrection of the World Professional Billiards Championship in 1971, after a hiatus of three years. Bennett provided both the financial guarantee, the venue for the event, and the opposition, but was heavily defeated by defending champion Rex Williams 9,250-4,058.
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IFRS 4 is an International Financial Reporting Standard (IFRS) issued by the International Accounting Standards Board (IASB) providing guidance for the accounting of insurance contracts. The standard was issued in March 2004, and was amended in 2005 to clarify that the standard covers most financial guarantee contracts. Paragraph 35 of IFRS also applies the standard to financial instruments with discretionary participation features. IFRS 4 was intended to provide limited improvements to accounting for insurance contracts until the IASB completed the second, more comprehensive phase of its insurance accounting project.
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Universal LRT Corporation (now SMC-Mass Rail Transit 7 Incorporated), a subsidiary of San Miguel Corporation (SMC), was selected by the Department of Transportation and Communications to build the line in 2008. SMC tapped the consortium of Hyundai Rotem and EEI Corporation as the engineering, procurement and construction contractor. Construction of the line should have commenced in January 2010, but was postponed several times. The Department of Finance issued the terms of financial guarantee for the line in 2014, and financial closure for the project was achieved in February 2016.
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In November 2014, Knox Basketball Incorporated withdrew its Knox Raiders SEABL teams from the 2015 season due to its dire financial position. The Raiders requested they remain a financial member of the SEABL with the intention of returning in season 2016. The SEABL retained the club's financial guarantee with the Raiders classified as a non-playing member of the league in 2015. In November 2015, KBI announced that their senior men's and women's teams would be playing in the Big V State Championship instead of the SEABL in 2016.
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By May, the shooting was behind schedule due to director's illness and hospitalization, and there were reports - denied by Aleksandar Črček, the film's producer - that the cast and the crew were not being paid. The financial difficulties ultimately stopped the filming, and the entire project was in serious jeopardy until the Government of Croatia intervened with a HRK 3.6 million financial guarantee that revived the production activities. The filming was finally completed on April 22, 2005, more than two years after the start, and was followed by post- production in Zagreb and Rome.
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Current, July 19, 1999 Though Pacific Arts distribution system had ceased operating, the various plaintiffs were counting on capturing a personal financial guarantee Nesmith had made to PBS in the original PBS deal in 1990. The cases went to jury trial in Federal Court in Los Angeles in February 1999. By the end of the trial, the judge and jury were leaning toward Nesmith's (Pacific Arts) counterclaims. Henry Gradstein, lead attorney for Nesmith, contended in a brief that the company's video rights were worth enough for it to have paid off any proper debts to the producers.
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4 May 2014, the Progress Party (junior coalition partner in government) voted no to provide a state financial guarantee for the Olympic bid at their annual conference. Prime Minister Erna Solberg declared the following day that this did not affect the governments assessment of whether or not to support the bid. In response to the decision of the Progress Party, Thorhild Widvey went public with her support of the bid 15 May 2014. By summer, two other applicant cities (Kraków and Lviv) had withdrawn their bids, leaving Oslo, Beijing and Almaty as the only applicant cities.
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Due to the cost of the litigation, Pacific Arts was forced to cease distribution operations and suspended the use of the PBS logo on the Pacific Arts videos. Though Pacific Arts distribution system had ceased operating, the various plaintiffs were counting on capturing a personal financial guarantee Nesmith had made to PBS in the original PBS deal in 1990. The cases went to jury trial in Federal Court in Los Angeles in February 1999. After three days of deliberation, the jury unanimously sided with Nesmith. The court awarded Pacific Arts $14,625,000 for loss of its rights library, plus $29,250,000 in punitive damages.
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Freddie Mac's primary method of making money is by charging a guarantee fee on loans that it has purchased and securitized into mortgage-backed security (MBS) bonds. Investors, or purchasers of Freddie Mac MBS, are willing to let Freddie Mac keep this fee in exchange for assuming the credit risk. That is, Freddie Mac guarantees that the principal and interest on the underlying loan will be paid back regardless of whether the borrower actually repays. Owing to Freddie Mac's financial guarantee, these MBS are particularly attractive to investors and, like other Agency MBS, are eligible to be traded in the "to-be- announced", or "TBA" market.
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CIFG , a family of financial guaranty companies, was formerly a triple-A monoline insurer. Its mission is to provide global clients with secure and well-capitalized Triple-A credit protection through financial guarantee insurance, reinsurance and other credit enhancement products. At its height, CIFG was capitalized with nearly $3 billion in claims-paying resources, providing insurance for investment grade transactions in the public finance, project finance and structured finance markets. As a result of the credit crisis of 2007 and the collapse of the mortgage backed securities market, CIFG was downgraded multiple times by all three ratings agencies and eventually had all its ratings withdrawn.
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Early mining operations often did not take adequate steps to make tailings areas environmentally safe after closure. Modern mines, particularly those in jurisdictions with well-developed mining regulations and those operated by responsible mining companies, often include the rehabilitation and proper closure of tailings areas in their costs and activities. For example, the Province of Quebec, Canada, requires not only the submission of a closure plan before the start of mining activity, but also the deposit of a financial guarantee equal to 100% of the estimated rehabilitation costs.Ministry of Natural Resources and Wildlife, "Bill 14: creating a foundation for an innovative mining development model" Tailings dams are often the most significant environmental liability for a mining project.
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The following Monday, with rumors swirling that the USOC would vote on terminating the bid that afternoon, Mayor Martin Walsh held a press conference asserting that, despite the fact that he had already signed a letter the previous October stating that he would sign the Host City Contract without reservation, he was not comfortable signing the financial guarantee in its current form at that time. The USOC voted to terminate the bid that afternoon in mutual agreement with the City of Boston. On September 1, 2015, the USOC formally named Los Angeles as the US's bidding city for the 2024 Summer Olympics. Los Angeles will host the 2028 Summer Olympics while Paris will host the 2024 Summer Olympics.
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However, after Inekon failed to meet a one-month deadline for submitting required financial- guarantee information, project staff recommended switching to Brookville Equipment Corporation, another manufacturer that had also bid for the order. On November 10, the city council voted its approval for the staff to begin negotiations with Brookville for the streetcar contract. In March 2016, the city reached a final agreement with Brookville to purchase five streetcars, with an option for a sixth, at a cost of $24.9 million. The low-floor design is Brookville's "Liberty" model. In May 2016, the city council approved adding a sixth car to the order, and in February 2017 approved expanding the order to seven cars.
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Support from this ESM package is earmarked for bank recapitalisation, and cannot be used for any other purpose. The signed conditional MoU agreement will likewise only cover requirements for reform/changes to the financial sector, within the domains of financial supervision, corporate governance and domestic laws relating to restructuring/resolution." # Precautionary financial assistance (PCCL/ECCL): "Comprise support in the form of setting up available "credit lines" the ESM member state can draw on if suddenly needed. This support shall be offered to ESM members whose economic conditions are currently sound enough to maintain continuous access to market financing, but being in a fragile situation calling for the setup of an adequate safety-net (financial guarantee), to help ensure a continued access to market financing.
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England. Gallaher, wearing black and playing wing-forward, can be seen standing on the far side of the scrum. The Scottish Football Union (SFU), the governing body for rugby union in Scotland, did not give the New Zealanders an official welcome, and sent only one official to greet them on their arrival in Edinburgh. In addition, the SFU refused a financial guarantee for the match, promising the gate receipts to the New Zealanders instead; this meant that the NZRFU had to take on all monetary responsibilities for the match. One reason for the cold reception from the SFU may have been because of negative reports from David Bedell- Sivright, who was Scotland's captain and had also captained the British Isles team on their 1904 tour of New Zealand.
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Whateley's existence has been deduced from an entry in the Episcopal register at Worcester which states in Latin "Anno Domini 1582...Novembris...27 die eiusdem mensis. Item eodem die supradicto emanavit Licentia inter Wm Shaxpere et Annam Whateley de Temple Grafton." The entry states that a marriage licence has been issued to Shakespeare and Anne Whateley to marry in the village of Temple Grafton. The day afterwards, Fulk Sandells and John Richardson, friends of the Hathaway family from Stratford- upon-Avon, signed a surety of £40 as a financial guarantee for the wedding of "William Shagspere and Anne Hathwey".Samuel Schoenbaum, William Shakespeare: a compact documentary life, Oxford University Press, 1977, pp.84-7.E. K. Chambers, William Shakespeare: A Study of the Facts and Problems, Oxford University Press, 1989, pp.41-42.
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Hathaway family cottage near Stratford Hathaway married Shakespeare in November 1582 while already pregnant with the couple's first child, to whom she gave birth six months later. The age difference, added to Hathaway's antenuptial pregnancy, has been employed by some historians as evidence that it was a "shotgun wedding", forced on a somewhat reluctant Shakespeare by the Hathaway family. There is, however, no other evidence for this inference. For a time it was believed that this view was supported by documents from the Episcopal Register at Worcester, which records in Latin the issuing of a wedding licence to "William Shakespeare" and one "Anne Whateley" of Temple Grafton. The following day, Fulk Sandells and John Richardson, friends of the Hathaway family from Stratford, signed a surety of £40 as a financial guarantee for the wedding of "William Shagspere and Anne Hathwey".
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The assistance can be of a variety of different types. The most common type of assistance is a financial guarantee for a loan and/or third party security to allow a borrower to borrow money to buy shares which is routinely given (to the extent legally possible) after a leveraged buyout in support of the new owner's acquisition debt. It would also normally include a gift or loan from the company or any other act which reduces the net assets of the company to a material extent See Companies Act 1985 s152(1)(a) where this is done for the purpose of the acquisition of shares in itself or its parent. The rationale for such laws is purely economic; it is based upon the premise that if a company supports the purchase of its own shares, it causes a de facto diminution in the company's value in the hands of other shareholders (who are assumed to continue their ownership following the transaction).
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On 11 June 2012, in front of General Command of Police, Mohammed was arrested. He did not get a lawyer during the arrest. The time between the arrest and the sentence of the first instance, were he in jail 2 months. Oman's Internal Security service held him incommunicado in solitary confinement in a cell with a bright light that was never turned off, with handcuffs and black cover, and subjected him to extensive interrogations for 28 days. Then transferred him to a facility near Sama’il Central Prison, where he spent another 23 days in solitary confinement also. Then he was transferred to a police station with theft and drug prisoners and he spent 8 days, then he transferred again to the facility near Sama’il Central Prison and he spent 18 days. On 8 August 2012, The Court of First Instance in Muscat sentenced Mohammed with 10 other human rights defenders, to one year and a half in prison and a fine of 200 Rials (US$520) and a financial guarantee of 3000 Rials (US$7800). The charges were illegal assembly, disturbing public order, violating the cyber-crime law; insult the Sultan, and reducing the prestige of the country.
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Much of the controversy centered on the fact that the city would be helping finance a $581 million stadium without support from Maryland or Virginia or their counties, from which a large portion of the team's fan base would be drawn. In December 2004, the move to Washington itself was called into doubt when the D.C. Council sought to change details of the stadium's financing. When the Council voted on December 14, 2004 to require 50 percent private financing for any new stadium, MLB ceased promotional activities for the Nationals and announced that they would consider looking for a new market. Eventually, the council passed an amended plan on December 21, 2004 that proved slightly more financially favorable to the city, while remaining acceptable to MLB. Mayor Williams signed the stadium financing package on December 30. During the 2005 season, a private financing plan for construction of the stadium was negotiated between the city and a syndicate of bankers led by Deutsche Bank. The negotiations of the details ran into another problem in November 2005. The bankers requested a letter of credit or other financial guarantee of $24 million, $6 million for each of four years, insuring payment of lease revenues against various risks including poor attendance and terrorism.
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