whatsapp Monday 20 December 2010 7:33 pm Share KCS-content Relapse for consumer confidence in the Eurozone, as trade deficit grows whatsapp More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.com HOPES for a retailing resurgence across the Eurozone took a hit yesterday, with news that consumer confidence has dropped more sharply than expected.In November the confidence index rose to a 35-month high, yet appears set to drop in December, according to the European Commission’s “flash” reading.The full reading for the month will be published on 6 January.The drop was the first since May, when problems in the single currency’s peripheral states previously reached a peak.“Consumer spending has been a weak link in the Eurozone’s economic recovery,” said Howard Archer of IHS Global Insight. “Yet retail sales volumes rose by 0.5 per cent in October, which was the best performance since May — so this relapse in consumer confidence is disappointing.”Meanwhile, the Eurozone’s trade deficit increased considerably beyond the expectations of analysts in October. The deficit of €9.8bn (£8.3bn) was up from €9.7bn (£8.2bn) in September.Deficits in current transfers, income, and goods were only partly offset by a surplus in services. In Germany, producers prices rose slightly more than expected, up 0.2 per cent in November compared to the previous month – and 4.4 per cent higher than last year.Food inflation led the way, increasing by one per cent on October.“Pipeline pressures in the food chain keep building up,” said Fabio Fois of Barclays Capital Research. Show Comments ▼ 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 PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeBeach RaiderMom Belly Keeps Growing, Doctor Sees Scan And Calls CopsBeach RaiderHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical Genius Tags: NULL
AGS halves losses in 2019 thanks to strong Q4 Tags: Slot Machines 5th March 2020 | By Daniel O’Boyle Subscribe to the iGaming newsletter Casino & games Gaming technology supplier AGS cut its losses in half for 2019, as revenue increased 6.8% to $304.7m with the help of a profitable fourth quarter.Of AGS’s $304.7m in revenue, $298.6m came from the sale of 4,879 electronic gaming machines, a revenue increase of 44.9% year-on-year and an 11.0% increase in units shipped.A further $10.2m came from table products, up 148%, of which $9.6m was due to gaming operations and a further $639,000 in equipment sales. In August 2019 AGS acquired table games provider In Bet Gaming for an undisclosed fee.AGS brought in $4.9m from interactive gaming, down 38.8%. $3.3m of this came from social gaming and $1.6m from real-money gaming.Read more on iGB North America. Regions: US Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games Finance Slots Gaming technology supplier AGS cut its losses in half for 2019, as revenue increased 6.8% to $304.7m with the help of a profitable fourth quarter.
Liberty Kenya Holdings Limited (LBTY.ke) listed on the Nairobi Securities Exchange under the Insurance sector has released it’s 2014 annual report.For more information about Liberty Kenya Holdings Limited (LBTY.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the Liberty Kenya Holdings Limited (LBTY.ke) company page on AfricanFinancials.Document: Liberty Kenya Holdings Limited (LBTY.ke) 2014 annual report.Company ProfileLiberty Kenya Holdings Limited is an insurance company offering products and services for the retail and corporate sectors in Kenya and other countries in the Africa sub-region. The company provides life assurance, superannuation, industrial life assurance, bond investment and business incidental insurance services as well as insurance products and services for aviation, engineering, fire, liability, marine, private and commercial vehicles, personal accident, theft, workmen’s compensation and employer’s liability insurance. Liberty Kenya Holdings Limited also offers asset management and property development services for the private and corporate sectors in Kenya. The company is a subsidiary of Liberty Holdings Limited and is the holding company for Heritage Insurance Company and a short- and long-term insurance business called Liberty Life Kenya Assurance Limited. Liberty Kenya Holdings Limited has a presence in 15 countries in the Africa sub-region. Its head office is in Nairobi, Kenya. Liberty Kenya Holdings Limited is listed on the Nairobi Securities Exchange
Paper Converting Company Limited (PCCL.mu) listed on the Stock Exchange of Mauritius under the Building & Associated sector has released it’s 2018 interim results for the first quarter.For more information about Paper Converting Company Limited (PCCL.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the Paper Converting Company Limited (PCCL.mu) company page on AfricanFinancials.Document: Paper Converting Company Limited (PCCL.mu) 2018 interim results for the first quarter.Company ProfilePaper Converting Company Limited is based in Mauritius and produces and sells tissue and toilet paper internationally. The company manufactures and sells its product under the brand of toilet and tissue paper ‘Kleenex’ under license from Kimberly Clark Corp of USA. Paper Converting Company Limited is listed on the Stock Exchange of Mauritius.
Enter Your Email Address Savers have experienced a hugely challenging decade. Interest rates declined to historic lows following the financial crisis, and have failed to offer a significant rise ever since. This has caused many savers to fail to generate an above-inflation return on their cash, which has reduced their spending power.Looking ahead, interest rates could stay at low levels over the coming years. Risks such as Brexit and low inflation may mean that policymakers retain a loose monetary policy.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…As such, at a time when the FTSE 100 yields 4.4%, now could be the right moment to invest in large-cap dividend shares instead of relying on savings to generate a passive income.Income potentialAt the present time, it’s difficult to obtain an income return which is above 1.5% on your cash savings. By contrast, around a quarter of the FTSE 100’s members have dividend yields that are in excess of 5%. As such, it’s entirely feasible that an investor could build a portfolio of large-cap shares which, together, provides a dividend yield above 5%, or even in excess of 6%.Furthermore, many of those companies are likely to increase their dividends in the coming years. The world economy is forecast to grow at an impressive rate in 2020 and beyond, while many large-cap shares have solid balance sheets and strong cash flows that can sustain an above-inflation rise in shareholder payouts. Therefore, the difference in returns available through FTSE 100 dividend stocks and cash savings could become more pronounced over the long run.Growth prospectsAlongside their income potential, FTSE 100 dividend stocks also offer capital growth prospects. As mentioned, the FTSE 100 has a dividend yield of 4.4% at the present time. This is above its long-term average yield, and suggests the index offers good value for money. Alongside this, sectors such as banking and retail are relatively unpopular at the present time, and could present opportunities for investors to buy undervalued stocks.The track record of the FTSE 100 shows that while it does experience challenging years, in the long run it has historically offered capital returns that are in excess of 5.5% on an annualised basis. As such, holding your shares over a long-term time period could mean that there’s a relatively high chance of them increasing in value.Managing riskClearly, the risks attached to FTSE 100 shares are higher than for a Cash ISA at the present time. But, through identifying solid businesses with strong balance sheets, you may be able to avoid riskier stocks that could cut their dividends or fail to offer capital growth in the coming years. And, by diversifying across a range of companies, you can cut your risks even further so that the risk/reward opportunities within your portfolio are greater than for a Cash ISA. Image source: Getty Images. Forget the top Cash ISA rate. I’d buy FTSE 100 dividend stocks in an ISA today 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. 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. Peter Stephens has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. “This Stock Could Be Like Buying Amazon in 1997” 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. Peter Stephens | Sunday, 2nd February, 2020 Simply click below to discover how you can take advantage of this. Our 6 ‘Best Buys Now’ Shares See all posts by Peter Stephens
Forget Cash ISAs and buy-to-let! I’d make a million from £10,000 like this Image source: Getty Images. 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. Enter Your Email Address “This Stock Could Be Like Buying Amazon in 1997” The FTSE has had a rocky start to 2020. It started with tensions between the US and Iran that could easily have escalated. Coronavirus and its attendant risks slowed down global business shortly afterwards, and continue to do so. As a result, the post-general election gains have been all but wiped out. Cash ISAs carry hidden risk At times like these, it’s most tempting to consider other popular investing options like Cash ISAs and property. Neither is without its challenges though. Consider Cash ISAs. A few offer an interest rate of 1.5% at the most right now. The inflation rate, based on consumer prices, was at 1.4% in December. So if I put my money in a Cash ISA, I barely earn a return in real terms. This is because prices have risen almost as fast as the interest rate (and faster than the lower rate offered on some Cash ISAs). So, I am no better or worse off than I was at the start of the year. And what if the inflation rate were to rise even higher (like it did in January)? Then investing in a Cash ISA actually reduces my real income. 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…Buy-to-let may be a let-down Now consider buy-to-let property. According to news reports, landlord numbers have hit a seven-year low in the UK, as have the number of privately rented homes. Increased taxes and lower incentives have made property purchases less attractive. This adds to the potentially extensive time and effort required to buy a property in any case. With some signs of a pick-up in the property market, it might look like a good idea. But I would prefer to consider alternatives as well. The rising stars Let’s start with an amount of £10,000, which is a reasonable amount to consider as a downpayment for a property purchase in some areas. Can I make a million investing in the stock market instead? The answer is yes, but investing in high-performing stocks is key. Online retailer Ocado, whose share price has tripled over the past five years and JD Sports Fashion, which earned a place in FTSE 100 last year, are good examples. My capital can appreciate to £1m in 25 to 30 years if these stocks continue or even slow-down slightly from their past performances. The catch however, is that it’s easy with hindsight. It may not be as easy to make timely stock purchases without the benefit of hindsight. But I would keep an eye out for high-performing FTSE 250 stocks, which may well be among FTSE 100 constituents in the future. It’s a good idea to to assess my portfolio for the best possible returns every few years. This gives me the opportunity to buy some of these stocks when they-re still on a steep rising curve, while selling any under-performers. Providing a cushion It’s also advisable to hold shares that provide steady growth and have shown stability over the years, in case some investments don’t yield the desired returns. FTSE 100 shares are a good place to look for these. Drinks giant Diageo is one example. Property developer Barratt Developments is another. A combination of high growth and stable stocks, should hold us in good stead. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Manika Premsingh has no position in any of the shares mentioned. The Motley Fool UK has recommended Diageo. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. 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. 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. Manika Premsingh | Wednesday, 19th February, 2020 Simply click below to discover how you can take advantage of this. Our 6 ‘Best Buys Now’ Shares See all posts by Manika Premsingh
Having gone through the shock of a testicular cancer diagnosis and the anguish of chemotherapy, Nasi Manu considers what it will be like to finally run out for Benetton Treviso again this season.“I’ve been for a couple of relaxed runs and I daydream about it,” the back-rower tells Rugby World, a few weeks after getting the go-ahead to start training again.“It’ll definitely be emotional, just to be back out playing. But the first thing is being able to train with them fully. I can almost taste it – to run opposition, in training against the first-team guys, while the season is still there.“I’m trying not to get emotional about it now, because it’s becoming more and more of a reality to do what I love again. Soon.”On the eve of Benetton’s first match of this Guinness Pro14 season, after a few weeks of thinking something wasn’t right, Manu finally headed to the doctor to get his left testicle checked out. After being sent to the oncology department in Treviso for some tests, the Tonga international was told he would need to come back again the next day.His name fell off the team-sheet as he headed back to hospital on the Friday. After more tests and three doctors talking over him in Italian, the picture became clear when the physician told Manu: “It’s okay, I’ve seen people come back from this. Like Lance Armstrong.”The breakaway was reeling, unable to process the emotions, the fear, until he took some time to himself. Yet just a few hours later he was on the operating table. The speed at which everything happened, he says, was the best thing for him.Glory days: Manu was co-captain of the Highlanders when they won Super Rugby (Getty Images)Aside from chemotherapy, Manu believes that the three days after his op, waiting for another scan to see if the cancer had spread, were the most torturous. But looking back he feels his time hooked up to drips and waiting for the worst, has helped him to find a positive place now. And that can only benefit his rugby future.“Once I found out I had cancer, it was never about getting back to the rugby field, it was about my life and being free to live and be a dad for my daughter and husband for my wife,” he says.“But I really feel like a new man now. I am happy to hurt. I’m training, doing cardio, and it feels good to get back to some normality. I think for a little bit, I took things for granted. Now I know how important it is I make the most of this opportunity.“I think when I went to Edinburgh and at the end of my time in New Zealand, I definitely could have put a lot more effort into it.“Moving to Italy, I really enjoyed it and I did work hard. I felt like I was progressing and then I played on my first Test tour with Tonga. I came back and then hit a speed bump. Ready to go again: Nasi Manu looks forward to wearing Benetton green again (INPHO/Ashley Crowden) Benetton back-row Nasi Manu is raring to get back into the action after undergoing surgery and a course of chemotherapy to treat testicular cancer “Going through cancer and chemo has been a great sort of awakening for what I really want and my rugby goals, my life goals. I sort of narrowed down what’s important to me.” LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS Treviso feels like the perfect place to nurture such a comeback. Just to be back out on the field is a success for Manu. Then again, who would write off a trip to Japan in September.Follow Rugby World on Facebook, Twitter and Instagram. Manu has nothing but appreciation for the way his club have supported him through this hellish time. And he has enjoyed seeing the hard work that has meant Benetton are flying high in the Pro14.Sitting second in Conference B, with ten league wins to their name, there is a real buzz about the Italian outfit. Manu believes that this is a product of superb logistical support off the field and a positive approach from coach Kieran Crowley and his staff. The former Highlanders captain sees a marriage of passion and accuracy in Benetton’s play.The next step for Manu, medically, is to get a full check-up in June and then, if all goes to plan, he won’t need to see a specialist again until 2020.A life goal: Manu would like to play for Tonga in the World Cup (Getty)On the field he says the most pressing mission is to “get the body back in fighting shape”. However, when talking about the coming months he mentions competing for Tonga again.Is playing in the Rugby World Cup a goal of his?“That’s always been a dream to compete on the world stage, to play in a World Cup,” says Manu, who has three caps. “The dream is still alive to maybe achieve that this year. I’ve still got a lot of work.“My first goal is to be available this season for Benetton. I know they’ll make sure I go along the right tracks, so that’s my initial goal. Then the dream is to make the World Cup squad.”
HondurasAmericas 2011-2020: A study of journalist murders in Latin America confirms the importance of strengthening protection policies News May 13, 2021 Find out more News RSF’s 2020 Round-up: 50 journalists killed, two-thirds in countries “at peace” April 27, 2021 Find out more Follow the news on Honduras RSF_en November 16, 2015 – Updated on January 20, 2016 Journalist’s work ban takes effect, setting bad precedent in Honduras Reporters Without Borders condemns the outragous ban that has prevented Globo TV presenter Julio Ernesto Alvarado from working as a journalist for the past two weeks and reiterates its support for all the journalists who have been targeted by the authorities since a coup in 2009.The host of the Globo TV programme “Mi Nación,” Alvarado was handed a written notification of the ban by a sentence enforcement court official on 29 October. It is the first time that a journalist has been formally notified of such a ban in Honduras.It is hard to say why Alvarado’s work poses such a threat to President Juan Orlando Hernández’s government. What did he do?The ban is the result of a December 2013 criminal defamation prosecution in response to a complaint filed against Alvarado in 2006 by Belinda Flores Mendoza, the former dean of the economics faculty at the Autonomous National University of Honduras, after he reported on his show that she was the subject of charges before the supreme court.Ordered at the time of Alvarado’s conviction in December 2013 without taking immediate effect, the ban was condemned in November 2014 by the Inter-American Commission on Human Rights (IACHR), which asked the Honduran authorities to suspend the proceedings as “precautionary measure” while it examined the case.Although the authorities did not comply with the request to suspend further proceedings in the case, the IACHR’s intervention had the effect of allowing Alvarado to continue working.Alvarado’s last possible appeal against his conviction, filed in October 2014, was rejected by the supreme court on 4 September 2015, creating a bleak precedent for freedom of expression in Honduras.Throughout these drawn-out proceedings, it has been clear that the authorities were determined to use all possible means to prevent Globo TV and its sister radio station from functioning.“The Honduran government’s persecution of Radio Globo y TV is unacceptable,” said Emmanuel Colombié, the head of the Reporters Without Borders Americas desk.“It is time to end Julio Ernesto Alvarado’s ordeal and to let Honduran journalists work. This work ban is unprecedented in Honduras. We urge the sentence enforcement judge to quash the sentence. This is the only possible solution for Alvarado. We also urge the authorities to comply with the undertakings they have given to the IACHR.”This new twist in the Alvarado case is the latest of many Honduran rebuffs to the IACHR. On 21 October, just eight days before the written notification was delivered, the government had undertaken to maintain the stay on implementing the ban. But the day before, the same authorities had prevented Alvarado from travelling to Washington to plead his case at an IACHR hearing.Alvarado naturally refused to sign a copy of the document when he received the formal ban on 29 October. His Globo TV colleagues have since then tried to keep his programme going, with Alvarado providing help from a far, but the situation is becoming too complicated to manage.Although courageous, he has no other solution but to stop presenting the programme for while.Honduras is ranked 132nd ouf of 180 countries in the 2015 Reporters Without Borders press freedom index. Reports Organisation News Help by sharing this information RSF begins research into mechanisms for protecting journalists in Latin America HondurasAmericas to go further Receive email alerts December 28, 2020 Find out more
Top StoriesPlea Filed In SC Seeking Exemption For All Advocates From Paying Monthly Rent For Their Rented Office Spaces During Lockdown Period [Read Petition] Akshita Saxena20 April 2020 11:27 PMShare This – xA Delhi based lawyer, Advocate Aljo K. Joseph has moved the Supreme Court seeking a direction to the Government to formulate an appropriate scheme to support advocates from paying their rent, exclusively for the professional premises. The plea points out that many lawyers pay “exorbitant rents” for their professional spaces for the sake of remaining close to Courts of law. However,…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?LoginA Delhi based lawyer, Advocate Aljo K. Joseph has moved the Supreme Court seeking a direction to the Government to formulate an appropriate scheme to support advocates from paying their rent, exclusively for the professional premises. The plea points out that many lawyers pay “exorbitant rents” for their professional spaces for the sake of remaining close to Courts of law. However, since lockdown, many lawyers who depend on regular incomes are suffering due to loss of work and as such it has become difficult for them to pay the rent for their office premises. “All the professionals except a privileged few in this country, especially lawyers earn their livelihood on a day-to-day basis and are left hardly with any savings. Most of the advocate office/ professional office are there in city or premises close to the Court. Due to the close down, most/majority of the Advocates were able to work or earn any amount of money during all this locked period. It is pertinent to mention here that most of the Courts were also not functioning during this period. As it is stated above, unlike a common person, especially a professional he won’t be able to earn anything for his livelihood. Hence, in the circumstances it will not be proper in the part of any professional to pay the respective rent for the tenancy period when the lockdown was continuing,” the Petitioner avers. In this backdrop, the Petitioner has urged the court to direct the Central government to frame beneficial policies for the lawyers, as it has done for students and labourers. “The petitioner and the members of the bar are having no income in the past weeks due to the lockdown which has been declared without any consultation or deliberation with the professionals. The Government has declared many schemes for the students, migrant workers etc. but insofar as lawyers are concerned, nothing at all has come about,” the Petitioner submitted. He has contended that the inaction of the government in supporting lawyers has ultimately affected their right to livelihood protected under Article 19 of the Constitution, in so far as they are being forced to vacate their office premises. “As stated in part III of constitution of India right to life and practice any profession is a fundamental right And such a situation if it arose due to the pandemic and continuing lock down if the professionals are forced to vacate the professional premises and or pay the rent during this pandemic continuing lock down, it would also affect the constitutional guarantee under part III of the constitution of India,” the plea states. Inter alia, the Petitioner submitted that they cannot even invoke the clause of “non-payment due to a Force Majeure event” since they do not provide blanket waiver from payment of lease rentals on occurrence of every Force Majeure event. It was submitted that the plea of Force Majeure is available only if there is a damage or destruction of the property leading to its unavailability for use by the lessee, not being the case herein. “As a matter of right, invoke non-payment due to a Force Majeure event in the absence of a supporting clause and/or a specific rent waiver agreed under the contract is not possible. If the lease agreement does provide for stoppage of rent or suspension of all obligations during a Force Majeure period without any qualifications or riders, then the lessee should immediately exercise its right by issuing a letter to the lessor invoking Force Majeure event and intimating cessation of its obligation to pay lease rental during the period the Force Majeure event continues. In the present situation the lessee was not in a position to issue any letter to the lessor nor was in a position to pay the payment to the Landlord,” the Petitioner submitted. In these circumstances, the Petitioner has urged the court to direct the GoI to formulate appropriate scheme to support the Advocates and other professionals of the country for paying their rent exclusively for the professional premises which is used for practice or office purpose. Additionally, he has prayed the court to declare that the lockdown period will be treated as ‘Force Majeure’ period, hence forth all the advocates are exempted from paying rent during that period. “A person who was especially carryout professional activity won’t be able to earn anything For his livelihood unless he works. As stated in part III of Constitution Of India right to life and practice any profession is a fundamental right And such a situation if it arose due to the pandemic and continuing lock down, if the professionals are forced to vacate the professional/office premises and or pay the rent during continuing lock down period, it violates constitutional guarantee under part III of the constitution of India,” the Petitioner has submitted. The petition is drawn and filed by Advocates Sachin Sharma. Pertinently, the Union Ministry of Home Affairs had issued an advisory last month, restraining all landlord from forcing labours & student to vacate their premises in case they fail to pay rent during the lockdown period.Click here to download the Petition[Read Petition] Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Story