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'Korean version of Elliott' becomes feasible


Korean version of Elliott becomes feasible
Posted : 2021-02-28 15:32
By Park Jae-hyuk
MBK Partners, Hahn & Company, IMM Private Equity and other Korean private equity firms (PEFs) will be able to compete fairly with their foreign peers in the local capital market.
If the National Assembly abolishes discriminatory regulations against domestic PEFs, they are expected to engage in shareholder activism and invest in domestic unicorns with high growth potential.
According to the National Policy Committee, Sunday, its members agreed last week on a revision of the Capital Markets Act, which includes the abolishment of the so-called 10 percent rule that forces PEFs meddling with the management of companies to acquire more than 10 percent of voting shares or a board seat in companies in which they invest. ....

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New procurement system stalled restocking of PPE ahead of pandemic: Ontario health minister


The Globe and Mail
Paola Loriggio
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Nathan Denette/The Canadian Press
The Ontario government’s switch to a centralized procurement system stalled the replenishment of the province’s stockpile of personal protective equipment in the years leading up to the COVID-19 pandemic, an independent commission heard this week.
Health Minister Christine Elliott told the commission examining the crisis’s impact on long-term care that the government expected its supply of PPE to be restocked, and that she was not aware at the time that the process had been held up by the change. ....

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Noam Chomsky: Solidarity movements key to changing US Middle East policy

Noam Chomsky: Solidarity movements key to changing US Middle East policy
pressenza.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pressenza.com Daily Mail and Mail on Sunday newspapers.

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Express Briefing: Texas phone companies team up to sue Public Utilities Commission


Express Briefing: Texas phone companies team up to sue Public Utilities Commission
Feb. 26, 2021
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TOP STORIES
The lawsuit alleges the Texas Universal Service Fund shrank as a result of PUC inaction, leading to a 70 percent cut in payments to phone service providers.
The legal dust-up is more than a spat over a fund based on 34-year-old legislation. It’s part of a protracted battle between landline and wireless telephone companies, a sign of how technology is changing how people communicate and how laws struggle to keep up. ....

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