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Poll: Reciprocal Health Agreement
What should be done about the loss of the Reciprocal Health Agreement
Business
Was March 24th 2004 meeting a missed opportunity to uncover MEA loans?
Furthermore, when he was Chief Minister, he attended a meeting, on the 24th March 2004, with the MEA Board, when he appears to have missed an opportunity to demonstrate his own astuteness by not putting to the Board, as questions, thoughts he claimed to have developed in his mind. (Not that it would have prevented the first loan of £70m being borrowed, but some more incisive questioning may have brought to light the MEA, through the Manx Cable Company was, that week, due to agree another £50m facility.)
KSFIOM Scheme of Arrangement defunct before it starts
“This new information which we know has always formed the basis of the Treasury’s expectations shows that the cashflow and distribution proposals currently contained in the Scheme of Arrangement to be detrimental to depositors when compared with straight liquidation."...Seaside Shipping wins right to progress challenge to ‘User Agreement’
Therefore, restricting the use of the linkspan may have been legal in 1995, but as economic and other circumstances have changed, since 1995, it may no longer be the case. It will now be open for Seaside to argue, if it wishes to return to court, that the agreement, and the restriction on the use of the linkspan, is currently unlawful....KSF (IOM) DAG unconvinced voting ‘Yes’ to SoA is best option
In fact many DAG members still believe depositors, with over £50,000 at stake, are disadvantaged by the proposed SoA and are actively campaigning for a ‘No’ vote; even though all DAG members are still 100% united in calling for the Treasury to guarantee 100% return of their money....Deemster Corlett gives in to Treasury – KSF (IOM) SoA to be put to creditors’ vote
Peter Wakeman left his Honour in no doubt that he considered what is being offered, by Treasury, is a “second class response” compared to the “best practice and world class response” offered elsewhere; which is guaranteeing 100% return of depositors’ money....TSC calls for easier access to UK ‘onshore’ banks for ‘Expats’
Although this is an issue the Manx Herald identified some weeks back, we have been informed by Treasury officials that they are not overly concerned by this scenario; as they say the level of retail deposits is relatively small in comparison to the total deposit base....TSC says UK not responsible for KSF (IOM) predicament
Crucially, for depositors in KSF (IOM), the Committee agreed with the Chancellor that the UK shouldn’t be expected to provide ‘cover’ for deposits held in offshore centres. It seems clear their decision, to agree with Mr Darling, was reinforced by IOM Chief Minister Tony Brown’s evidence to the Committee that the UK is not responsible for the financial affairs of the IOM....IOM now on a par with London as a finance centre?
Dr Couch responded by saying the IOM is not a secrecy jurisdiction, and he sees some of these issues as a “red herring”. He is adamant that the IOM is committed to “complete transparency and cooperation on tax matters”....Rallying call for 9th April made to KSF (IOM) depositors by Action Group
The KSF (IOM) Depositors Action Group (DAG) has issued a rallying call to all local IOM residents who had money in the bank, and any ...KSF (IOM) depositors call on Jack Straw to broker deal for return of £550m held in UK
If the return, from London, of the money is not forthcoming in the next week or so, the only other real option is for the IOM Government to swallow its pride and go and borrow the money, from the UK Government if necessary, to fund a swift and 100% return of deposits....
Log in
- UK PM wants greater tax transparency in crown dependencies
- Liberal Vannin to establish Island-wide ‘Youth Forum’
- So is the IOM an ‘open, transparent and well regulated’ offshore finance centre?
- PAG presents: "Tax Havens Today and Tomorrow" - a public debate on this topical and controversial issue
- Action for punitive damages commenced against two Government Departments and General Registry for ‘Malfeasance in Public Office’
- Deemster Corlett gives in to Treasury – KSF (IOM) SoA to be put to creditors’ vote
- PAG Meeting calls for heavy fines for misuse or loss of personal data
- KSF (IOM) DAG unconvinced voting ‘Yes’ to SoA is best option
- Gelling: KSF (IOM) collapse - like standing on a pedestrian crossing and being run down by a lorry
- Kaupthing Bank ‘Show us the money’ petition launched on UK PM’s website
- KSF (IOM) depositors call on Jack Straw to broker deal for return of £550m held in UK
- KSF IOM gets another reprieve but DCS exposed as a financial ‘fig leaf’
- Deemster Corlett gives in to Treasury – KSF (IOM) SoA to be put to creditors’ vote
- Call to ‘nationalize’ KSF IOM
- New action group targets IOM fund industry and regulators for criticism
nani
on
30 July, 2010 03:54:58
NICE SITE
Big Lots (BIG) Stock Quotes
on
27 July, 2010 06:40:35
Thanks for your support and informative post.
Samantha Clogg
on
27 July, 2010 05:36:41
John F. Kennedy’s suggested … ”Do not ask what your country can do for you, instead ask what can I do for my country?”
State funding ...
David Johnson
on
18 July, 2010 05:35:01
The IOM government’s "PR department” attempts to give the world the impression that the Island’s financial services industry is honest and well regulated. But ...
Jan Green
on
09 July, 2010 09:01:42
here we are july5 2010 and still waiting for the return of my outstanding balance under £50,000 has anyone out there had the full amount ...