Grant Thornton donates to Soufriere volcanic eruption relief organizations
LEFT TO Right: Eula Johnny, Floyd Patterson, Michelle Forbes and Julia Simmons Social Share GRANT THORNTON, an international firm of chartered accountants, has split EC$145,000 among three local organizations that are spearheading the Soufriere volcanic eruption relief effort.
On Friday, Floyd Patterson, the resident partner of Grant Thornton Windward Islands St. Vincent, handed over to the National Emergency Management Organization (NEMO) EC$100,000; to the Red Cross EC$30,000; and EC$15,000 to the St. Mary’s Roman Catholic School (SMRC) emergency shelter.
The SMRC school shelter’s donation is for the purpose of assisting the St. Benedict’s Day Nursery and Children Home occupants, who have relocated from Georgetown as a result of the eruption.
Firm says the decision for the M&A deal ‘was not taken lightly’
Accountancy giant Grant Thornton has sold its private wealth business in Australia to its senior team members for an undisclosed sum.
The senior team, consisting of Jon Black, Joanne Kenderes and Laura Perresini are the majority owner of Oreana Private, part of Australian and Hong Kong-based firm Oreana Financial Group.
They will be joined by a number of Grant Thornton employees, to ensure continuity of client relationships.
The private wealth team provides specialist wealth advisory services to high net worth individuals and family offices. In addition, the clients of the private wealth team will continue to engage with Grant Thornton for a wide variety of other services.
In its decision in
Sierra Leone v SL Mining Ltd,(1) the High Court confirmed that alleged non-compliance with the provisions of a multi-tiered dispute resolution clause (in particular, the submission of claims to arbitration prior to the end of a prescribed period of negotiation) is exclusively a matter of admissibility for the arbitral tribunal and cannot lead to a successful jurisdictional challenge under Section 67 of the Arbitration Act 1996. This decision confirms the scope of a London-seated tribunal s substantive jurisdiction under Section 30(1) of the Arbitration Act. It also confirms that initiation of arbitration proceedings, in apparent breach of a mandatory multi-tiered dispute resolution clause, may be valid where settlement of the dispute is deemed impossible within the remaining prescribed period.
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