Two of which were by companies that sent their own proposal despite the tender requirement of Agusta A109. And the three other companies were Agusta’s Hong Kong-based dealer Sharp Ocean, Agusta’s India-based maintenance service provider OSS and AgustaWestland itself. The government decided to purchase the helicopter from Sharp Ocean at $6.57 million, of which close to $5 million was the price payable to AgustaWestland and the rest was Sharp Ocean’s commission. The pre-sold helicopter was pre-booked by Serum Institute, owned by industrialist Cyrus Poonawala, in 2006. … [Read more...] about PIL In SC Seeks Probe On Chhattisgarh’s VIP Chopper Deal [Read Petition]
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DSPsThe incident requirement for DSPs is similar to the requirement for OESs. The Government intends to align incident reposting requirements with the framework developed by the European Commission. Notably, the UK Government intends to focus the threshold not just on incidents that impact continuity, but also the confidentiality or integrity of the service. … [Read more...] about UK Government Proposes Cybersecurity Law with Serious Fines
A Big Kahuna Burger in Bandar Abbas? – U.S.-Owned Subsidiaries Under a new General License, a U.S.-owned or U.S.-controlled entity established or maintained outside the United States may do business directly with Iran. Additionally, U.S. persons may participate in activities related to establishing or altering certain operating policies of the subsidiary. That is, they can generally alter or establish policy to the extent required to allow the subsidiary to engage in authorized business. They may not, however, manage day-to-day operations of that subsidiary. … [Read more...] about Airplanes, Pistachios, and New Burger Joint in Tehran: What Changes for United States Under Lighter Iran Sanctions
Washington Climate Change BillOn March 25, the Washington State House voted 62-31 for SB 5802, a bill requiring an outside study of the state’s work to slow carbon emissions which will then be translated into a full report to the legislature by the end of 2013. House Republicans introduced amendments to include in the study the viability of solar and wind energy as well as whether hydroelectric power is considered green energy, but the amendments failed. The bill will now go to Gov. Jay Inslee (D) to sign; he has already expressed support for the bill. Washington is working to curb 2020 emission levels to those of 1990. … [Read more...] about Energy & Environmental Law Update – April 1, 2013
New and heightened cyber-physical risks merit increased policyholder attentiveness to both traditional (not-cyber-specific) first-party property and third-party liability coverages previously believed to be relatively routine and to the terms of cyber insurance policies being considered or already purchased. This is especially the case when Lloyd’s itself has noted that first-party property coverages “are commonly silent on whether cyber-related losses would be paid,” and that this is likely to lead to coverage disputes. Lloyd’s has further noted “key areas of uncertainty and ambiguity” in the scope of coverage for cyber-physical losses. The risk of a cyber-physical attack on critical infrastructure extends broadly across the economy. Corporate policyholders may find it prudent to review carefully their traditional first-party and third-party coverages and their cyber coverage in light of this … [Read more...] about Cyber-physical Attacks on Critical Infrastructure: What’s Keeping Your Insurer Awake at Night?