Buyers should be forced to take out property fraud insurance, says lawyer involved in landmark case

first_imgHome » News » Buyers should be forced to take out property fraud insurance, says lawyer involved in landmark case previous nextRegulation & LawBuyers should be forced to take out property fraud insurance, says lawyer involved in landmark caseSteven Porter, whose legal firm is representing client P&P Properties in property fraud appeal case heard last week, says it’s the only way to square the circle.Nigel Lewis7th March 201802,206 Views As the conveyancing industry prepares to hear the outcome of the appeal in a landmark property fraud liability case, the legal firm representing one of the vendors in involved has called for all property buyers to be forced to take out fraud insurance.“I do think [it] would be sensible to look at the possibility of making it compulsory for buyers to take out fraud insurance on every transaction,” says Steven Porter, Partner at JPC Law (pictured, below).“The cost, as matters stand, is relatively small and with compulsory insurance the premiums may even become cheaper due to the economy of scale.”The appeal concerns two key test cases. Conveyancing solicitors Mishcon De Reya and Owen White & Catlin were sued by their buyer clients after fake vendors fraudulently sold properties and received the funds before the problem was spotted.Mishcon De Reya and Owen White & Catline lost the initial property fraud case and went to appeal, which was heard last week. A decision is expected any day.Steven says that if the two buyers involved in the appeal – Dreamvar and his client P&P Properties – had taken out fraud insurance “it would have meant that both would have been recompensed relatively quickly for their losses thus avoiding not only the considerable and unexpected financial strain but also the anxiety and stress caused by a situation in which they are blameless,” he says.The controversial case has revealed the shortcomings of the conveyancing process, which leaves vendors, agents and their solicitors open to property and identity fraud.It was also claimed last week in court by the Law Society that if the conveyancers lose the appeal, many smaller legal firms will be priced out of the property market. Insurance companies, who have always viewed conveyancers as high risk, would increase their premiums, it was claimed.Read more about property fraud Mishcon vs Dreamvar Owen White & Catline Partner at JPC Law conveyancing fraud teven Porter March 7, 2018Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more

Indonesia suspects more avian flu as outbreaks spread in China

first_imgNov 14, 2005 (CIDRAP News) – A new suspected case of H5N1 avian influenza was reported in Indonesia today, while still another poultry outbreak was reported in China, its ninth in the past month.In addition, the World Health Organization (WHO) confirmed the avian flu case reported in an 18-month-old boy in Thailand last week, while Thai officials said the boy’s grandmother has tested negative for the virus.A 20-year-old Indonesian woman died in a Jakarta hospital Nov 12 after suffering from a high fever and respiratory problems, prompting tests for avian flu, according to an Associated Press report today.A neighbor of the woman had 10 chickens that died recently, and other members of her family kept birds as pets, according to an Agence France-Presse (AFP) report.Ilham Patu of Jakarta’s Sulianti Saroso Hospital said an Indonesian lab would test samples from the woman today, and samples also were being sent to a Hong Kong lab for testing.The WHO today confirmed H5N1 avian flu in the 18-month-old boy from a suburb of Bangkok, saying he remained in good condition. His case, reported in the media Nov 11, is the fourth in Thailand this year and the 21st since early 2004.The boy’s 65-year-old grandmother had been suspected of having avian flu, but Thailand’s health ministry said she has twice tested negative for H5N1, according to an AFP report today. A third test result was still awaited. The ministry said her condition was improving.China reported an H5N1 outbreak that killed 800 poultry in the eastern part of Anhui province, the ninth outbreak in about a month, according to an AFP story today. The outbreak was discovered Nov 6 and the cause was confirmed as H5N1 today.Local officials ordered the culling of all poultry within 3 kilometers of the affected farm, and more than 126,000 birds have been killed so far, the story said. The agriculture ministry said another 279,000 birds in the area have been vaccinated.Also, a group of WHO experts arrived in Changsha, capital of Hunan province, to investigate three pneumonia cases, including one death, suspected of being caused by avian flu, AFP reported.In Romania, the veterinary authority said four dead hens in a village in the Danube delta had tested positive for an H5 flu virus, according to a Reuters report. Samples from the hens, found in the village of Caraorman, were to be sent to Britain to test for H5N1, officials said. H5N1 was found in poultry in two villages in the Danube delta last month.In Vietnam, researchers reported that the H5N1 virus had mutated in ways that enable it reproduce more effectively in mammals, but two health officials described the findings as neither new nor particularly alarming.An online report by the Pasteur Institute in Ho Chi Minh City said, “The H5N1 type noticed among people and poultry in early 2005 has undergone some changes, facilitating its reproduction in cells of mammals and making it more dangerous,” according to an AFP report today.Reuters reported that the findings were based on an analysis of 24 H5N1 isolates from poultry and humans. The information came from the online newspaper Vnexpress, which quoted Cao Bao Van of the Pasteur Institute. In one human isolate from southern Vietnam, he said, researchers had found a mutation in the PB2 gene that “allows more effective breeding of the virus in mammals.”The researchers offered no conclusions about the virus’s ability to spread from person to person, Reuters reported.An AFP story today quoted the director of the Pasteur Institute, Nguyen Thi Kim Tien, as saying that the new findings were “not of any surprise” and that the “changes in the virus are not that significant.”In addition, a WHO spokeswoman in Hanoi, Dida Connor, said mutations in the virus were not unusual. “It is sometimes difficult to directly link specific changes in the genetic sequence to changes in virus behavior, including its ability to infect humans,” Connor said.The Pasteur Institute report said the virus had developed resistance to the antiviral drugs amantadine and rimantadine, but that finding has been reported before.Avian flu has broken out in poultry in 10 of Vietnam’s 64 provinces since early October, the AFP report said.In Taiwan, meanwhile, an H7N3 avian flu virus was found in droppings form a migratory bird, according to another AFP report today. The virus was found in one of 20 samples of bird droppings gathered from a swamp near the southern city of Tainan.No dead birds were found in the area, and authorities were unsure of the virus’s virulence, the story said. An official said a mild strain of H7N3 was found last April in bird droppings near Taipei.Taiwan has had no H5N1 outbreaks, but eight pet birds smuggled from China tested positive for the virus last month, the story noted.See also:Nov 14 WHO news release read more

11 start-ups graduate Gojek’s business accelerator program

first_imgGojek’s new business accelerator program, Gojek Xcelerate, announced Wednesday that 11 new start-ups that directly served customers had graduated from its fourth batch.Gojek Xcelerate chief Yoanita Simanjuntak said the latest batch focused on direct-to-consumer (D2C) start-ups as consumers were increasingly seeking accessible products and services on digital platforms“Gojek has seen success in applying the D2C business model. We observed that the D2C model works well for start-ups, as it allows them to directly gather insights and feedback, and make timely adjustments for product improvement. This makes the D2C model very relevant,” she told The Jakarta Post on Thursday. She went on to say that the accelerator program alumni would have the opportunity to integrate with the Gojek ecosystem.The D2C start-ups are art supplies and tutorial start-up Bartega; fashion e-commerce and service GetGo, KEROKOO, Mena Indonesia, Sare Studio and WATT; as well as make-up companies TROPE cosmetics and Rollover Reaction.Read also: Talent procurement hampers tech start-ups in implementing AIOther start-ups are in the health and wellness sector, namely Elio and PURA, along with environmental service company Elio founder Walton Hartanto said the digital men’s health company was looking for US$1 million to enhance product development and ramp up marketing, as the consumer health market was projected to reach $6 billion by 2024“We see that there is significant under-penetration of men seeking medical treatment for problems such as acne and hair loss, and this is what we want to address,” he said during the start-up demonstration day on Wednesday.The start-ups received training and mentorship from Gojek, its accelerator partner Digitaraya, McKinsey & Co, UBS Bank and Google Developers Launchpad since its launch in September.“Despite the uncertain economic projections, start-ups have the advantage to innovate and adapt quickly in responding to the changing economic climate,” said Digitaraya managing director Nicole Yap.Since it first launched in 2019, the program has trained 35 start-ups. The first batch of the accelerator program trained five start-ups that use machine learning, the second batch trained 10 start-ups with women founders and the third focused on nine Indonesian start-ups with “daily consumer innovation.” (eyc)Topics :last_img read more

Mikel: I Am Ready to Play Any Role for Nigeria

first_img* Hopefully, things will work out fine for us against Iceland on FridayIn apparent reaction to criticism of his poor offensive midfield role in the Super Eagles at the ongoing 2018 World Cup here in Russia, John Mikel Obi, insisted yesterday that he was ready to play in any department for the overall glory of the team.Mikel who admitted to be aware of the feelings of Nigerians because of Super Eagles loss to Croatia, said that the team has trained hard and taken conscious notes of the areas that needed corrections. “I have played in this advanced role for close to two years now and people never complained until we lost this game to Croatia.“Personally, I am ready to play anywhere the coach wants me to play. I am comfortable with any of the roles, whether in a more offensive or defensive role. The most important thing is for the team to get positive result,” observed the Nigerian captain at the team’s session with sports journalists in Essentuki yesterday.Despite the poor pass-mark awarded him by Jose Mourinho, his former manager at Chelsea, Mikel remains unperturbed, stressing that having played under the Portuguese gaffer for years, he understands what he was driving at.“I have worked with Mourinho for a long time and he knows me very well. I understand what he’s talking about,” he remarked without feeling offended that Mourinho who converted him to a defensive midfielder considered him a poor No.10.The Super Eagles captain however remains positive that Nigeria will make it to the knock out stage with Iceland and Argentina as next opponents.“We have not given up hope in spite of the disappointment of that loss (to Croatia). We are training hard to make it out of the group. Hopefully, things will work out fine for us on Friday.”Mikel said he would love Eagles to continue to remain in the competition as they have loved the atmosphere here. “We have enjoyed Russia so far. We have been able to work and train well.“The training facilities, hotel and the people have been great.We hope to qualify and stay longer here so we can get to know more places in Russia,” concludes the Nigerian captain.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Doc Rivers gets universal praise for Clippers leadership

first_img“I mean, the Xs and Os and the things on the court, they speak for themselves,” said Blake Griffin, who is having an MVP-type season under Rivers. “But the mental side that he brings, just his experience as a coach and almost his stories he tells and the way he reads basketball situations, I think is interesting and unique.“Every time he speaks during practice, for me it’s a learning experience whether it’s a short speech that he didn’t put much thought into, or whether it’s something that he really wants to bring home to us.”Darren Collison echoed that sentiment.“He’s been there, done it all,” said Collison, whose team will take on Golden State in a Western Conference first-round playoff opener at 12:30 p.m. Saturday at Staples Center. “Every time he talks, it’s as if he’s done it before. That’s always good for a young team that’s never done it before.”Rivers began his coaching career at Orlando, earning Coach of the Year honors in 1999-2000. When his team began 1-10 in his fifth campaign, he was shown the door. Newsroom GuidelinesNews TipsContact UsReport an Error It was only last season that then-Clippers coach Vinny Del Negro led the team to a franchise-record 56 wins. Then, bam, the Clippers lost in the first round of the Western Conference playoffs and the party was over.The Clippers announced not long after they would not bring back Del Negro. Stories surfaced that players — in particular point guard Chris Paul — may have influenced that decision. Clippers management eventually took the fall, claiming it made the call and it did not involve Paul.Then again, Del Negro intimated it was true during a subsequent radio interview, suggesting the team wanted to keep Paul happy so it could re-sign him, which it did in July to a five-year contract. A local columnist also had owner Donald Sterling hinting players perhaps played a part.If some of the players indeed did not like Del Negro, that does not seem to be the case with current coach Doc Rivers. By the time some of the team’s top players were done talking about him at a recent practice, one got the feeling Rivers is like E.F. Hutton. When he talks, players listen.center_img After a year off to work in the broadcast booth, Rivers began his nine-year stint with the Boston Celtics in 2004. In 2007-08 he led them to the NBA championship. He had earned that ultimate respect as a coach. Not that he boasts about it.“Well, good,” said Rivers, when told his current players credit his experience for helping them set another franchise record with 57 victories this season. “I don’t happen to know that. I don’t know if I really believe that anyway. I really don’t. It’s great to say and I’ll pay them all later. But I really don’t know that.“I think the experience is what they’re going to experience. I can’t experience it with them or for them. As a team I can because we’re on the same team. But they know how to play and that’s what I keep telling them. We know how to play basketball, we just have to make sure we know how to play it together.”That was Rivers’ goal when he arrived. He knew he had lots of individual talent, and he wanted to make sure it could be formed into that collective superpower.“We needed to become a great team,” Rivers said. “We’d become great individuals, some of the guys. That’s not going to win for you. I think for us it’s learning how to trust each other and to be a great team. And you know, you have to sacrifice to be a great team.“And the greater the player, he probably has to sacrifice more. In some ways, he has to do less sometimes to be great. And that’s uncomfortable for guys.”Rivers has center DeAndre Jordan playing the best ball of his career by concentrating on defense and rebounding. Jordan led the NBA in rebounding (13.6 avg.) and field goal percentage (67.6) this season, becoming only the third player in history to do so — Wilt Chamberlain (eight times) and Dwight Howard are the others.Jordan had never averaged more than 8.3 rebounds. He also was third in the league in blocks at 2.48 per game. The kudos should go to Rivers, Jordan recently said.“He just makes you want to run through a brick wall for him,” Jordan said. “That’s what he puts in everybody. And it’s not just because the way he talks, it’s how he looks at you in the eyes so you know that it’s something that he really believes in.”Whether Paul did or did not want Del Negro to hit the road is a moot point by now. The look in his eyes when asked about Rivers speaks volumes.“Confidence, competitiveness,” Paul said, listing Rivers’ traits. “He’s, to me, probably one of the most competitive persons in the league. His will to win.”Former Indiana Pacers star and Hall of Famer Reggie Miller, now an analyst for TNT, is more than a little impressed with what Rivers has done. He remembers how just Tuesday, when the Clippers were up by some 20 points over Denver, Rivers was still yelling at Paul, Griffin and Jordan.“I’ve always told people great players want to be coached hard,” Miller said. “And Doc Rivers coaches you, along with Gregg Popovich (of the Spurs), they coach you hard no matter who you are. There are no favorites. The main objective is winning and that’s why most players, they respond to positive criticism by Doc Rivers. I just think he’s done a fantastic job.“You would have thought when he came in Day One his job was to sit Chris Paul down or sit Blake down. His number one job was to sit DeAndre Jordan down and say, ‘Look, for us to be successful, you’re not even going to sniff the offensive end. I want you to be the reincarnation of Bill Russell. Block shots, rebound and run the floor. Whatever scraps you get offensively, that’s offensive rebounding or lobs in transition.’“It has changed the culture of the Clippers. And that’s all Doc Rivers.”And if he loses in the first round like Del Negro did last season, do the good vibrations turn bad? Former Knicks and Rockets coach Jeff Van Gundy — currently an analyst for ESPN — doesn’t think so. Not if the Clippers are smart.“He commands respect because of his past success and also he is a sharp, intelligent, charismatic leader and he’s going to the Hall of Fame. And so they would be foolish not to hang on every word that he has to say,” Van Gundy said. “He knows winning, he knows what it takes, he knows what leads to losing and so I think that those guys are being really bright by making sure they’re listening all the time to what he has to say.“And I don’t think one series loss in any particular round would impact how they view him, because you’ve gotta be more long-range thinking if you’re a coach in evaluating players who may lose in the first round, or if you’re a player evaluating a coach who loses in the first round.”last_img read more


first_imgJanuary 2, 2007 A VERY HAPPY NEW YEAR TO EVERYONE. Staff and volunteers at Arcosanti had a very nice Christmas. Christmas Eve was celebrated at the Begin-Tollas residence in one of the Foundry apartments. A VERY HAPPY NEW YEAR TO EVERYONE. Staff and volunteers at Arcosanti had a very nice Christmas. Christmas Eve was celebrated at the Begin-Tollas residence in one of the Foundry apartments. [Photos: Andrea Paneghetti & text: sa] A wonderful array of Christmas delicacies, fun games for the kids and adults, thoughtful presents, made it a very cosy event. Christmas Day began with a delicious breakfast prepared by Ron Chandler, who started this tradition a few years ago. And everyone met for a big pot-luck dinner at the EC3 household. [Photos: Andrea Paneghetti & text: sa]last_img read more