Latest news with #APIL
Scotsman
24-06-2025
- Health
- Scotsman
West Dunbartonshire MP backs Injury Awareness Week 2025
MPs have joined APIL at a special drop-in event to mark the association's annual Injury Awareness Week (23-27 June) which has been taken to Westminster for the first time. Sign up to our daily newsletter – Regular news stories and round-ups from around Scotland direct to your inbox Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Parliamentarians were invited to help highlight the impact of preventable injuries and the significance to injured individuals of being able to turn to the law on personal injury. 'APIL hosts Injury Awareness Week every year for the simple reason that nobody really thinks about what it means to be injured by negligence until it happens to them,' said Matthew Tuff, APIL's president, who was on hand to greet MPs at Portcullis House on the parliamentary estate. Advertisement Hide Ad Advertisement Hide Ad 'We've used the time with MPs to tell them that injured people matter, and that their rights must be protected,' he said. Injury Awareness Week 2025 goes to Westminster. From left are: Douglas McAllister MP, Andy Slaughter MP, chair of justice select committee, and APIL president Matthew Tuff. 'Most people are fortunate enough to have no need for interaction with personal injury law. For a lot of people, the most they hear about PI is through insurance industry rhetoric, or the occasional sensational headline. This is why victims of negligence need an awareness week. The reality of what it means to be injured must be understood by both politicians and the public,' Matthew went on. West Dunbartonshire MP Douglas McAllister hosted the event. He said: 'Absolutely anybody can be injured by negligence, so we should all care what happens to the people who fall victim to it. My colleagues from Parliament who have dropped in to today's session can take away a very important message – that injured people matter.' Matthew Tuff added: 'The ultimate goal in everything APIL does is to make sure injured people are at the heart of any policymaking relating to personal injury. Advertisement Hide Ad Advertisement Hide Ad 'The law is critical in supporting ordinary people whose lives are affected, sometimes catastrophically, by negligence which could and should have been avoided.'
BBC News
17-06-2025
- Business
- BBC News
Small claims court backlog in Somerset reaches record high
The wait for a small claims hearing in Somerset has reached record levels, new figures data from the Ministry of Justice show the average wait time for a small claims case to be heard at Taunton County Court in the three months to March was one year and 21 solicitor James McNally told BBC Radio Somerset: "The backlog is huge. The small claims court limit has been increased from £5k to £10k but there's also been a huge number of courts across the UK that have closed and a lot of court staff have been made redundant."The Ministry of Justice said they are recruiting almost 1,000 new judges and tribunal members to help the backlog. Mr McNally said: "Small claims court are there to resolve disputes but I don't think people have the money to settle claims the way they used too."It's not just small claims, it's all type of claims. It used to be, if you had a dispute, the court would step in, and within 12 months you'd be in front of a judge."You could be looking at two or three years before getting to court and it just means claims are progressing and the backlog is growing," he Association of Personal Injury Lawyers said people in need of justice are facing "unacceptable delays" for their day in court. A Ministry of Justice spokesperson said: "Around 97% of county court claims are resolved without the need for a trial but we are taking action to ensure those that do are dealt with quickly."We are investing in the recruitment of about 1,000 judges and tribunal members this year across all courts and tribunals, have funded 74,300 sitting days in the Civil Courts for 2025/26 and are holding more remote hearings."
Business Recorder
13-05-2025
- Business
- Business Recorder
CCP approves majority acquisition of Lotte Chemical by APIL, MOD
ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the acquisition of a majority stake in Lotte Chemical Pakistan Limited (LCPL) by M/s AsiaPak Investments Limited (APIL) and M/s Montage Oil DMCC (MOD). Under the Share Purchase Agreement with M/s Lotte Chemical Corporation (LCC), APIL and MOD will equally divide the acquired shareholding in LCPL. The CCP assessed the transaction's impact on the market for purified terephthalic acid (PTA), a key input in the polyester industry. APIL and MOD are not currently involved in the production of PTA. Therefore, the acquisition does not alter the existing market concentration. The Commission found no horizontal or vertical overlaps between the merging parties. The transaction will not create entry barriers, increase market power, or reduce competition in the market. Based on this assessment, CCP approved the transaction under Section 31(1)(d)(i) of the Competition Act, 2010. APIL is a private investment company incorporated in the British Virgin Islands, with investments in infrastructure, energy, logistics, and technology. MOD, based in the UAE, is engaged in the global trade of oil and petrochemicals. LCPL is a publicly listed company in Pakistan engaged in the production of purified terephthalic acid. Copyright Business Recorder, 2025
Express Tribune
12-05-2025
- Business
- Express Tribune
CCP okays aquisition of Lotte Chemical stake
The Competition Commission of Pakistan (CCP) has approved the acquisition of a majority stake in Lotte Chemical Pakistan Limited by AsiaPak Investments Limited (APIL) and Montage Oil DMCC (MOD). Under a share purchase agreement with Lotte Chemical Corporation, APIL and MOD will equally divide the acquired shareholding in Lotte Chemical Pakistan. The CCP has assessed the transaction's impact on the market for purified terephthalic acid (PTA), a key input for the polyester industry. APIL and MOD are not currently involved in the production of PTA. Therefore, the acquisition does not alter the existing market concentration. The assessment found no horizontal or vertical overlaps between the merging parties. The transaction will not create entry barriers.
Time of India
01-05-2025
- Business
- Time of India
ED raids Ansal API offices in Delhi, Noida, and Ghaziabad over Rs 600 crore fraud
LUCKNOW : The Enforcement Directorate on Wednesday carried out searches at the Lucknow office of Ansal Properties and Infrastructure Ltd (APIL) and simultaneously raided its offices in Delhi , Noida , and Ghaziabad in connection with alleged diversion of over ₹600 crore collected from homebuyers. The action follows a report by the Uttar Pradesh Real Estate Regulatory Authority, which uncovered serious financial irregularities by the real estate firm. According to the report, funds from various housing projects were siphoned off and diverted elsewhere, impacting hundreds of investors. A six-member ED team, accompanied by security personnel, scrutinised electronic records, hard drives, financial documents, and bank accounts at the company's Lucknow office. Employees were questioned as part of the investigation. Similar raids were carried out across APIL offices in NCR locations. Promoters Pranav Ansal and Sushil Ansal are facing serious charges, including illegal sale of govt land, investor fraud, and financial misappropriation. Over 70 FIRs have already been filed against the company, which was declared insolvent by the National Company Law Tribunal (NCLT). The insolvency process is underway under the CIRP framework. Earlier this month, the Income Tax department also raided APIL's Lucknow premises and seized documents related to alleged tax evasion and suspicious transactions. The company's expansion was previously facilitated through controversial policy relaxations, extending its township licence from 1,335 to 6,500 acres under the 2003 Hi-Tech Township Policy.
