Latest news with #dissolution
South China Morning Post
2 days ago
- Politics
- South China Morning Post
Hong Kong opposition party folds, citing ‘immense political pressure', ‘safety fears'
Hong Kong's opposition League of Social Democrats on Sunday cited 'immense political pressure' and the 'safety' of its members in folding the party months before its 20th anniversary. Advertisement The league, which was at the forefront of many large-scale protests and civil disobedience efforts, is the third major opposition political party to disband following the enactment of the Beijing-imposed national security law in 2020. 'Facing immense political pressure, and having considered all factors, especially the safety of our members and those who walk with us, we can only sadly announce our dissolution,' party chairwoman Chan Po-ying said. Asked to specify the 'political pressure' it faced and whether it was told to disband before July 1, the 28th anniversary of Hong Kong's return to Chinese rule, Chan said she could not say anything beyond the statement the party had prepared. 'We had no other choice,' she said. Advertisement A party press conference at a Chai Wan industrial building was attended by Chan and six members, including Figo Chan Ho-wun, Jimmy Sham Tsz-kit, Raphael Wong Ho-ming and Tsang Kin-shing.
South China Morning Post
3 days ago
- Politics
- South China Morning Post
Hong Kong's opposition party folds, citing ‘immense political pressure' and ‘safety fears'
Hong Kong's opposition League of Social Democrats on Sunday cited 'immense political pressure' and 'safety' of its members in folding the party months before its 20th anniversary. 'We sadly announce that facing immense political pressure, and having considered all factors, especially the safety of our members and those who walk with us, we can only sadly announce our dissolution,' the party chairwoman Chan Po-ying said on Sunday. When asked to specify the 'political pressure' it faced, Chan said she could say nothing beyond the 'disbandment statement' the party prepared. The press conference at a Chai Wan industrial building was attended by Chan and six members, such as Figo Chan Ho-wun, Jimmy Sham Tsz-kit, Raphael Wong Ho-ming and Tsang Kin-shing. There was a heavy police presence outside the venue, with dozens of media outlets packing the small room. Reading the statement titled 'rather be ashes than dust' in a press conference, Chan said the party, established for 19 years, recently experienced a 'crisis where almost all of its leadership faced imprisonment due to civil disobedience'.
Yahoo
23-06-2025
- Business
- Yahoo
Sequa Petroleum N.V. Update
LONDON, June 23, 2025--(BUSINESS WIRE)--Regulatory News: (BOURSE:MLSEQ) Further to its announcement of 19 May 2025, Sequa Petroleum N.V. (the "Company") has continued to monitor the situation and has not received any indication that progress towards completion of the Transaction will restart. Despite extensive efforts the Company has not been able to raise new equity capital, and without completion of the Transaction the Company will not be able to maintain a going concern nor pursue its business development strategy. Accordingly, the Company has started to reduce its remaining financial liabilities as required to pursue closure of the Company in compliance with statutory provisions for dissolution of the Company and its subsidiaries, and in a solvent manner. The Company is preparing for an extraordinary general meeting of shareholders to be held in the near term to resolve on the dissolution process. View source version on Contacts info@ Sign in to access your portfolio
CBC
13-06-2025
- Business
- CBC
Yukon Chamber of Commerce closing shop, calling it a 'refresh'
The Yukon Chamber of Commerce is going out of business. Members of the advocacy group unanimously voted at its annual general meeting on Wednesday to dissolve the 40-year-old organization. However, the chamber's executive director Patti Balsillie characterizes it as a "refresh," suggesting that a new organization could be formed to take its place as the voice of Yukon's business community. "Maybe this is the phoenix coming out of the ashes. But we needed to create a crisis perhaps, to instigate what could be a better formula," Balsillie said. "The motion was, 'yes, let's dissolve,' and the ancillary was, 'and let's get back to the original intent.'" Balsillie says the chamber as it is right now is "no longer financially sustainable," with less revenue coming in. She said the COVID-19 pandemic changed how many businesses spend their money, and the chamber suffered as a result. A significant portion of the chamber's money comes from its members. She also described a changing landscape for non-profit business advocacy groups in the Yukon, with more and more of them doing similar work. "The lane is very congested," Balsillie said. "[The chamber's] relevancy was eroded by apathy, by people thinking somebody else will do the work, there are other volunteers that have my back — but no, you have to show up." She said the organization will remain open at least through the summer, to sell assets, pay bills, and plan its formal dissolution. Still, she described the end of the chamber as akin to a "pause," before something else forms to take its place. She believes there's still a role for an organization that represents businesses across the territory. "To be a part of a conversation about the end of an era sucks," she said. "More than ever, a voice for business in Yukon really needs to be represented. And the structure that we were doing it under is wasn't sustainable. So this is an opportunity to do a refresh." Community chambers 'exploring collaboration' In a news release on Thursday, three of the organization's members — the Whitehorse, Dawson City, and St. Elias (Haines Junction) chambers of commerce — say they are "saddened" by the Yukon chamber's dissolution, saying it "leaves a significant gap in territorial representation for Yukon's community Chambers and for businesses operating in Yukon communities." The three community organizations also say they are "exploring collaboration across the territory," and will "provide updates as these discussions evolve." Justine Hobbs, interim executive director of the Dawson chamber, said on Thursday that she believes there's now momentum "towards something new and exciting." "So it's sort of a mixed feeling, you know, saddened, but also excited," she said. "We're really interested in building like, a new model that focuses on Yukon-wide advocacy, policy development and just effective communication." Hobbs said there is a need for a group that represents businesses beyond their local communities. For example, she says, a Whitehorse-based business might operate in other communities and be affected by regulations or policies in those places. "I think there's a bit of a worry from business members that if they link up with a community chamber, that they won't actually be represented in the right way," Hobbs said.
Asharq Al-Awsat
04-06-2025
- General
- Asharq Al-Awsat
What Might Happen in Israel's Parliamentary Dissolution Vote?
Opposition party Yesh Atid has submitted a vote to dissolve the Israeli parliament, known as the Knesset, for June 11, amid rising tensions in the ruling right-wing coalition. Here are some key facts about the Knesset, the procedure for a dissolution vote, which would lead to an election, and possible scenarios. KNESSET COMPOSITION Total seats: 120 Simple majority needed to pass the vote: 61 Current government majority: 8 seats LEGISLATIVE PROCEDURE The Yesh Atid motion faces four votes with an absolute majority of the Knesset required in the final stretch to become law, thereby bringing a premature end to the legislature and triggering an election, which must be held within five months of the motion passing. In practice, if the initial vote passes, the subsequent stages could occur all the same day or take months. OPPOSITION STRATEGY A bill to dissolve parliament will only be brought to a vote if Yesh Atid is confident of securing a majority. If not, it can withdraw the motion anytime before June 11, preventing a vote. ALTERNATIVE SCENARIOS Ultra-Orthodox coalition parties could decide to leave the government to protest at its failure to put forward a law granting exemption from military service to ultra-Orthodox men. At the same time, they might refuse to vote for dissolution of parliament, allowing a minority government to continue. COALITION NUMBERS The coalition led by Prime Minister Benjamin Netanyahu has a majority of around 68 seats in parliament, though its size has fluctuated due to internal political shifts. The two coalition ultra-Orthodox parties, United Torah Judaism and Shas, hold 18 seats collectively. If they united with the opposition, they would have enough votes to dissolve parliament and trigger early elections a year ahead of schedule.
