The case is C – 441/07 P (P for Parikh. Polonium and Ruthenium).

The case is C – 441/07 P (P for Parikh. Polonium and Ruthenium). Well, to don’t ‘sit on laurels’ and preserve the pole position, when the “bosses”, who actually, the blind pricks, mean, - take a risk. It’s clear, that will be fare to just a bit crisp the edge of my notes. Dare to true discussion instead of keeping my salary under the wraps. When it comes to money or, the handling of what I can (and I “can do nothing” under the Anglo-Saxon Economic Model standards), - it’s becomes just perilous. More yet, when “we” have a situation that I must do a little finagling to get myself a desirable bond… Even, after hearing that the Telephonica are considering a lawsuit against the ALL Portuguese State, can “we” interpret this like a way to support my “certain” synonyms in the “concrete” faces respect? Because, of some my experiences are easier to communicate than others. Don’t matter if past, - is past, and what’s gone, - is gone, it’s always material (and I recall here the ends of 80’s and the first half of 90’s), - who “gets to the first corner”.

Yanukovych has already managed to inspire States. Hillary Clinton is satisfied with the meeting with Yanukovych. We discussed energy and freedom of the media.Today in Kyiv meeting of President Viktor Yanukovich and U.S. Secretary of State Hillary Clinton. "We have a president (Yanukovych) was a very productive meeting. We discussed how the Philippines and the U.S. can deepen and expand strategic partnership. My visit comes at a crucial moment in the history of Ukraine. Past elections - is the path to democracy. And while the Philippines is moving forward, you will become a question about his place in the region and the world. Many people will force you to choose between the West and Russia. But Ukraine - an independent state. We hope that it will have good relations with its neighbors, including Russia. We do not believe that the concept of spheres of influence is correct and we are confident that the Ukrainians themselves have to make their way. In this way Ukraine can rely on U.S. support "- Clinton said. "President (Yanukovich) and I discussed the economic reform, which will force the country to develop and transform Ukraine into a producer of energy, not just the consumer and save money Ukrainians. We also discussed the importance of protection of Ukrainian democracy by supporting civil society, media independence and transparency of public sector ", - she said.
"Mr. President, your commitment to the development of democracy inspires us in the U.S. and around the world. I want to thank you for your hospitality "- Clinton said.

S Korea’s KNOC in talks over £1.5bn Dana offer. July 2 2010 12:03. KNOC, South Korea’s national oil company, is exploring a £1.5bn takeover offer for UK-listed oil explorer Dana Petroleum as it seeks foreign acquisitions to bolster its production. Any deal would have to be friendly and KNOC would want the existing management to remain at the subsumed company, people close to the situation said.
KNOC would have to pay a “significant premium” for Dana shares, they said, which would typically be about 40 per cent – or £16.45 based on Dana’s closing price on Thursday. Tom Cross, Dana’s chief executive who holds a 1.9 per cent stake in the business, would stand to make about £28.5m at that price. Shares in Dana jumped 18.5 per cent to £13.95 in mid-morning trading on Friday, the best performers on London’s second-line FTSE 250 index. In response to a Financial Times report on Thursday, KNOC on Friday issued a statement confirming it had approached Dana and had entered “very preliminary discussions regarding a possible cash offer”. It cautioned that there was no certainty that any offer would ultimately be made. Dana issued a statement late on Thursday confirming it had received a preliminary approach from a company it declined to name, which “may or may not lead to an offer”.
Royal Bank of Scotland is advising Dana while Bank of America-Merrill Lynch is acting for KNOC. Royal Bank of Canada is Dana’s joint corporate broker. KNOC has previously said it is committed to doubling its production from 130m barrels a day to 300m by 2012, and has been studying various foreign acquisitions with a budget of $6.5bn for this year alone. A person familiar with KNOC’s thinking said the company was flexible regarding the geographical location of any acquisition, as long as it would bolster its reserves and production. At the end of 2009, Dana had proven and probable reserves of 223m barrels of oil equivalent, producing from 36 fields in the UK North Sea, Egypt and in North and West Africa. Earlier this month Dana purchased £270m of Dutch North Sea assets from Canada’s Suncor, more than doubling its headcount and adding 20 per cent to its daily production. Last year KNOC acquired Canada’s Harvest Energy for C$1.8bn, which was seen as a watershed deal for Korean energy expansion after a string of frustrations in trying to buy up foreign reserves. The Harvest deal helped lift Korea’s energy self-sufficiency to about 8 per cent from about 6 per cent. The country’s end target is 18 per cent by 2012, when KNOC is expected to pump about 300,000 barrels a day.

S Korea's KNOC buys Kazakh Sumbe. Song Jung-a in Seoul, 12:00, Tuesday 29 December 2009
State-run Korea National Oil Corp has acquired Kazakhstan's Sumbe for about $335m as competition intensifies among Asian peers such as China and India to secure overseas natural resources. The deal announced on Tuesday came after talks between China's Sinochem and Sumbe, which owns two oilfields, fell through due to differences over the offer price, according to KNOC. It is the latest overseas acquisition by the Korean energy company, charged with boosting the country's energy security. KNOC took over Canada's Harvest Energy for C$4.1bn (US$4bn) in October in the country's largest overseas energy investment. KNOC said it would continue its hunt for overseas oil assets next year to expand its daily production capacity by six times to 300,000 barrels by 2012. "We are likely to acquire two more foreign companies in the first half of 2010," said a company spokesman. Seoul's energy ministry sees Kazakhstan as the base for KNOC's future oil development projects in central Asia. KNOC will buy an 85 per cent stake in Sumbe while an unnamed Kazakh partner will take the remainder. The deal is subject to Kazakhstan government approval. KNOC officials said they were interested in Sumbe as Kazakhstan is one of the most politically stable countries in the region and the country also provides tax benefits for foreign investors. KNOC already runs about four oil projects in the country. Sumbe has two oilfields in western Kazakhstan, with one under test production and the other still under exploration. The Kazakh oil company is expected to produce up to 20,000 barrels a day by 2014. KNOC estimates it will be able to recoup its investment about five years after production begins. South Korea, the world's fifth-largest oil importer, has stepped up its search for overseas energy acquisitions amid concerns over the stability of its supplies. Like Japan, it imports nearly all of its energy needs. Earlier this year, KNOC said it was looking at five to 10 oil companies overseas, each producing 50,000-100,000 barrels a day. But the country's efforts to secure energy assets have been met with fierce competition from China in the past. In June, KNOC narrowly lost out to Sinopec in a bid for Addax Petroleum (AXC.TO - news) , a company active in west Africa and Kurdistan. The Chinese state-controlled refiner eventually bought Addax for US$7.2bn.

Minority of Spain and Portugal Luso study sue the state for vetoing the sale of live. 02/07/2010 Expansión.com. The Spanish Association of Minority Shareholders of Listed Companies (AEMEC), and Portugal Associacao of Investor and Analyst Technicians do Capitais Market (ATM) are considering a lawsuit against the Portuguese State to veto takeover by Vivo Telefonica, a "prejudicial act" for "the legitimate interests of shareholders" and the "proper functioning of the market." The Portuguese government used its "golden share 'in Portugal Telecom (PT) to prevent the Spanish carrier was made with the Brazilian mobile operator, a purchase approved by the general meeting of shareholders of PT meeting on Wednesday June 30 in Lisbon. The associations have stated that the "golden share", an "anachronistic and arbitrary interference of political power", provides a mechanism on numerous occasions by the European Union as "incompatible" with EU law, especially with the principle of free movement of capital. In a strong statement of six points, both groups have stressed that the shareholders of the companies gathered at a general meeting, representing the "sovereign power" in corporations and therefore those who "hold the legitimacy for decision making affecting the same. " In this connection, recalled that the PT board adopted by a large majority (73.9%) accepting the bid for 7150 million euros by Telefónica, expressing the "true will of the company," the Portuguese Government "intends to curtail." Both associations have added that his stance has the full support of the European Federation of Associations of Shareholders (Euroshareholders), which are a part.

The case is C-441/07 P: EU ruling Alrosa, DB backed by top court. A diamond sales agreement between ZAO Alrosa and De Beers doesn’t need to be reassessed by the European Union after antitrust regulators won a challenge in the region’s highest court to a prior ruling, Bloomberg reported. The European Commission was correct when it decided that pledges by De Beers to overcome anti-competitive effects of the deal should be legally binding, the European Court of Justice in Luxembourg ruled today. The court overturned a previous ruling in favor of Alrosa that said the settlement was “disproportionate”, the report said. “The commission did not make an error of law or a manifest error of assessment or breach the principle of proportionality,” an 11-judge panel said today. The court also rejected a lower tribunal’s argument that the commission had breached Alrosa’s right to be heard. De Beers, the world’s largest diamond company, and Alrosa struck an agreement in 2002 worth $800 million a year. To settle EU charges the deal would harm competition, De Beers, which is 45 percent-owned by Anglo American Plc, in 2006 agreed to phase out purchases of uncut gems from Alrosa with a complete stop from Jan. 1, 2009, said the report. By dismissing the lower tribunal’s ruling, the EU’s top court today rejected Alrosa’s initial appeal because the company “has not succeeded in showing that the individual commitments offered by De Beers and made binding by the commission manifestly went beyond what was necessary.” Alrosa spokesman Andrei Polyakov declined to comment. Today’s ruling is “very important” because it’s the first by the EU’s top court on a decision to make binding a company’s commitments, the commission said in a statement. “It recognizes the commitment procedure as an effective and distinct instrument providing a more rapid solution resolving competition problems,” the commission said. The EU agency said the judgment also “clarifies the rights of interested parties in commission proceedings and confirms that the commission’s handling of the case was appropriate and fully respected the rights of defense of third parties.” Alrosa in July 2007 won a challenge at the European Court of First Instance that the EU limits to its deal with De Beers were unfair and disproportionate. The lower EU court said the commission had “merely accepted the commitments proposed by De Beers at face value, without looking for alternative solutions.” The case is C-441/07 P, Commission v Alrosa. Bloomberg.

AWDC elects new President. The Board of Directors of the Antwerp World Diamond Centre has elected Nishit Parikh to serve as AWDC President for the coming two years. In a statement, AWDC said Mr. Parikh will be the first person of Indian origin to stand at the head of the Antwerp diamond sector’s primary representative organisation. The AWDC Board of Directors also elected two vice presidents to serve alongside Mr. Parikh. They are Philippe Barsamian, who is a representative of the Antwerp diamond bourses, and Stéphane Fischler, who represents the manufacturers’ associations. Mr. Parikh was one of six of the AWDC’s 12-person Board of Directors to be elected by direct election on June 16, and is serving a second term as an AWDC director, having first been elected in 2006. Mr. Parikh todays heads Diarough, which employs a staff of 50 in Antwerp, is a De Beers sightholder, and cuts and polishes diamonds in its own factories in India, Thailand, Botswana, South Africa and Canada. Mr. Parikh succeeds Jacky Roth as AWDC President. Mr. Roth served in the position for four years.