Under the $250 million all-cash deal, GT’s existing shares were cancelled and 360networks received new shares in each of the GT operating companies. The transaction was implemented through a plan of arrangement under the Companies’ Creditors Arrangement Act and a plan of reorganization under the Canada Business Corporations Act, court sanction, and regulatory approvals. The plan was sanctioned by an order of The Superior Court of Justice on December 23, 2002, from which leave to appeal was denied by a panel of the Court of Appeal on January 27, 2002. Under the plan, secured creditors of GT received a distribution of approximately $250 million and unsecured creditors share in a pool of $3 million. The restructuring also involved substantial cross-border work, with ongoing proceedings in New York under the U.S. Bankruptcy Code.Torys LLP acted for GT on both sides of the border, with a team that included Tony De Marinis, Jamie Scarlett, Scott Bomhof, John Laskin, Michael … [Read more...] about GT Group Telecom Completes CCAA Restructuring Proceedings and Combines with 360networks
2009 maserati quattroporte sport gt s
The National Labor Relations Board has found the individuals who produce electronic content for viewing during professional basketball games are employees, rather than independent contractors. Minnesota Timberwolves Basketball, LP, 365 NLRB No. 124 (2017). The Board reversed the decision of an NLRB regional director and reinstated a representation petition filed by the International Alliance of Theatrical Stage Employees.The 2-1 Board majority held the employer failed in its burden of proving independent contractor status. The Board pointed out that “the crewmembers work for the Employer at times and locations determined and provided by the Employer, using tools, equipment, and supplies that, almost with exception, the Employer provides.” NLRB Chairman Philip Miscimarra dissented. As Miscimarra soon will be in the majority with two new NLRB members holding a pro-employer view, replacing the 2-1 pro-union bent of the current NLRB, the possibility that a similar case may be … [Read more...] about NLRB Finds Sports Team’s Electronic-Content Workers As Employees Eligible To Unionize
In October, Sports Shorts covered the release of UK Sport and Sport England’s Governance Code for Sport, which seeks to set the gold standard for sport governance. Subsequently, In the weeks following the Code’s release, we noted that much of the media focus fell on the Code’s gender diversity targets. This focus has continued and, in some respects, narrowed in the intervening months to a small number of governing bodies deemed in particular need of reform. Unsurprisingly, there has been particular media scrutiny of the FA.In December, Sports Minister Tracey Crouch warned in clear terms that the FA risked losing £30 million of funding if it failed to reform by April 2017, even postulating that the government would consider legislating to force through the reform if the FA failed to do so itself. Viewed in light of the open letter sent by five former FA executive expressing serious concerns over the body’s … [Read more...] about Martin Glenn Promises UK Sport Governance Reform but Can the Football Association Deliver?
An issue that often comes up for a county board of education is what rights do home-schooled children have to participate in interscholastic sports? In 2005, the West Virginia Supreme Court of Appeals ruled in Jones v. Marion County Board of Education, et al., "that treating public and nonpublic school children differently with respect to participation in interscholastic sports does not violate equal protection."In Jones, the home-schooled child was not enrolled in the county school system and did not take any classes at the middle school where he wanted to participate in the wrestling program. The county board of education refused to permit the home-schooled student to participate in the wrestling program. The county board of education asserted numerous grounds in support of its denial, including (1) promoting academics over athletics, and (2) protecting the economic interests of the county school system (i.e., home-schooled students are not considered in the average daily attendance … [Read more...] about What Rights Do Home-Schooled Children Have to Participate in Interscholastic Sports?
Table Tennis England has become the first sport to lose access to public funding due to failure to comply with UK Sport and Sport England’s Code for Sports Governance.The sport was due to receive a total of around £9 million from Sport England over the 2017-21 funding cycle, with the latest tranche being due this month. As a body in receipt of more than £1 million, table tennis is a “Tier 3” organisation, required to comply with the most rigorous set of Mandatory Requirements (“MRs”) in the Code. However, following its AGM on 8 July at which the members voted on some of the Board’s proposed governance reforms, the governing body has found itself in breach of its funding agreement with Sport England.Sport England has suspended its funding of table tennis with immediate effect.As we have commented previously, whilst the release of the Code saw the introduction of a ‘gold standard’ of governance principles for sport in … [Read more...] about Sport England Announce First Suspension Of Funding For Failure To Comply With Governance Code
On Monday 3 April, the FA council unanimously approved a “strong package of reforms” put forward by Chairman Greg Clarke, unanimously accepted by the FA board, last month.The announcement comes after pressure on the FA to reform, most recently in light of Sport England and UK Sport’s new Code for Sports Governance and its failure to address its predominantly male and white governance structure (only 2 of its 122 council representatives are women). A backbench motion in February proposed by the chairman of the Culture, Media and Sports Committee, Damian Collins, resulted in a parliamentary vote of no confidence in the FA’s ability to govern the sport and reform itself. This was followed by Clarke promising to step down if the FA Council did not support his proposed governance reforms. Pressure on English football’s governing body includes the possible withholding of millions of pounds of public funding (including National Lottery funds) … [Read more...] about International Sports: Clarke’s Governance Reforms Approved by FA Council – Sowing Seeds of Change
In September 2015, the Department of Culture Media and Sport Committee’s (“Committee”) launched an inquiry into Combatting Doping in Sport Inquiry (“Inquiry”). This post looks at the origins of the Inquiry, its scope and finishes by looking at its powers and asking whether they are sufficient. OriginNot even the most loyal fan could deny that Sport has had many doping scandals: Balco (athletics and baseball), Festina (cycling), Armstrong (cycling) and Operation Puerto (cycling) to name just a few.Doping in sport is a divisive topic. Some claim the war on drugs in sport is lost; others claim drugs should be legalised; some claim doping should be criminalised.Regardless of where you previously fell down on the argument, in December 2014 German broadcaster ARD/WDR published a documentary produced by investigative journalist, Hajo Seppelt, that, in this author’s opinion, severely challenged the assumptions on which current anti-doping strategies … [Read more...] about The Department of Culture, Media and Sport’s Combatting Doping in Sport Inquiry: Origin, Scope and Powers
WASHINGTON – On September 6, 2012, the U.S. Environmental Protection Agency (EPA) signed an agreement with the Green Sports Alliance to work together to address environmental challenges faced by sports venues, organizations and teams. EPA Deputy Administrator Bob Perciasepe joined Green Sports Alliance Executive Director Martin Tull today to sign the Memorandum of Understanding (MOU) at the Second Annual Green Sports Alliance Summit in Seattle, Washington. The agreement will facilitate collaboration between the two organizations on issues such as waste management, water and energy conservation and sustainability for teams and at stadiums and sporting venues.EPA has also agreed to share tools like the Energy Star Portfolio Manager, an energy management tool that allows building owners to track and assess energy and water consumption, to help Alliance members to improve their environmental performance.“For years, American sports teams, venues and leagues have been leaders on … [Read more...] about EPA, Green Sports Alliance Partner to Protect People’s Health and the Environment
If you’re writing about the ABA Annual Meeting—taking place July 30 through Aug. 4 in Chicago—on Twitter, we encourage you to include the hash tag #abachicago in your tweets to make them easier for others to find.What’s Twitter? Twitter is a free microblogging and social networking service that enables users to post 140-character messages—known as “tweets”—from any computer or Internet-capable Blackberry or cell phone. Lots of lawyers attending the meeting will be using it to communicate with others at the event.Those not attending can following tweets about the Annual Meeting to take the pulse of the event. Learn more about Twitter on Wikipedia.To follow the ABA Journal’s continuous coverage of the Meeting, subscribe to the Journal’s Twitter feed or link to our Web page devoted to the 2009 Annual Meeting.The ABA’s official Twitter feed for the Annual Meeting is at twitter.com/ABAChicago.And this year, ABA President … [Read more...] about ABA Annual Meeting 2009 on Twitter #ABAChicago
Last year we covered the saga of Sports Direct’s 2015 Share Scheme through the vote to approve the scheme and the subsequent votes at the 2014 AGM. This story has refused to go away and resurfaced this week at the company’s 2015 Annual General Meeting.There has been much press comment on the outcomes and reasons why shareholders are unhappy, but there are additional points worthy of note and which will play out again at next year’s AGM.At last year’s AGM over a third of shareholder votes cast were against the company’s Directors’ Remuneration Policy if you exclude Mike Ashley’s shares from the calculation. However, the 2015 Directors’ Remuneration Report simply records the previous year’s vote as only 12.5% votes against (i.e. taking Mike Ashley’s shares into account). This is fair enough on one level – Mike Ashley is perfectly entitled to vote on the policy because he takes no remuneration from the … [Read more...] about Sports Direct: Shareholders Shout Louder! re: Executive Remuneration