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Category: Law

  • MIL-OSI Asia-Pac: SFST’s speech at “Hong Kong Night” business networking reception and seminar in Vancouver, Canada (English only) (with photo)

    Source: Hong Kong Government special administrative region

    SFST’s speech at “Hong Kong Night” business networking reception and seminar in Vancouver, Canada (English only) (with photo) 
    Distinguished guests, industry leaders and innovators, friends in Canada and from around the world,
     
    Good evening, everyone. Thanks for having me today for this very special occasion, called “Hong Kong Night”. I must say I always wonder why we have “Hong Kong night” in broad daylight. I suppose it could be a distinctive feature of this city which everybody loves. Just now, our colleague from Cathay Pacific mentioned to me that there will be a draw right after for tickets so I’m sure that explains why you are all here.
     
    Let me give you some flavour in terms of how Hong Kong has been faring, and also at the same time some talking points that you may want to share after this session. I want to give you an overview in terms of how Hong Kong has done so far in financial services under my portfolio, and also in particular the reason why I’m here in Vancouver because this is my last stop, after Toronto and also Ottawa. Through this visit, I had the opportunity to see many people at the government, regulators and also financial institutions. What I am impressed most is that it’s really a place where people are looking for a change. You already have a new government. At the same time, you are looking for ways to diversify, in terms of your economy, and also in terms of financial activities. So I think Hong Kong comes at the right time, where it’s a very viable option, either you are a corporate, an individual, or even an investor, to consider that in the context of diversification.
     
    Before I further proceed, maybe first of all, let me give you an overview of how Hong Kong’s been faring so far. I’ve been asked a lot in terms of the impact of tariffs on Hong Kong. I understand that there will be a fireside chat by Rocky (the Director and Head of Policy Research of the Financial Services Development Council, Dr Rocky Tung) later on, and I’ll leave that to the experts. But that said, Hong Kong being a service economy, I must say we don’t have much to export. At the same time, we are a free economy as stipulated in our Basic Law. So far so good in terms of our resilience, I would say, in the broader context of geopolitical change.
     
    More specifically, in our capital market, recently we do see an upsurge in our stock market. Right now, our average daily turnover is exceeding US$32 billion, and also we’ve welcomed a number of key mega IPOs (initial public offerings), like the recent one is CATL (Contemporary Amperex Technology Co Limited). It’s a major or global battery manufacturer for EVs (electric vehicles), and they just got listed at the same time, offering a shares equivalent to the size of around HK$41 billion. And funny enough, when you look at the composition of the investors, we have those from the US. At the same time, we also have investors from the Middle East, where the Kuwait Sovereign Wealth Fund, what we call the KIA, Kuwait Investment Authority, actually put in US$500 million in that offer. So you can see that despite all the talk about the deglobalisation or decoupling, finance, in particular, capital formation takes place, and also monies after returns.
     
    Of course, that is not alone in terms of what we are welcoming. We also welcome Canadian companies to list in Hong Kong as well. Right now, we have around six Canadian companies already listed in Hong Kong, like Manulife and also some of the mining and oil and gas companies. I do very much welcome many more listings, especially from this part of the world, where it could be tech, could be mining, or for other types of new economic activities.
     
    The second part I want to highlight, apart from how Hong Kong has been faring, is in terms of my observations so far this year, so far in my visit. Apart from the general ones that I just highlighted, I do see a number of areas that Hong Kong and Canada can work together. First of all, wealth management, because I got the chance to see and meet a number of insurance companies and banks from this part of the world. In fact, many of them are heavily invested and also have a strong presence in Hong Kong, like Manulife, which takes up 27 per cent of our Mandatory Provident Fund, a pension service system in Hong Kong. And also Sun Life, which is in collaboration with Dah Sing Bank in Hong Kong through the bank insurance businesses. Also we have CIBC (Canadian Imperial Bank of Commerce) and others that already have a strong presence in corporate banking in Hong Kong.
     
    Many people see wealth management as an emerging trend, an area where we should work together. Because in the way that we see the world, like all of you, people are looking for ways to diversify. Many of the traditional markets where people want to park their wealth in the Anglo-Saxon world, people are still changing their minds in terms of whether they should diversify through geography or through products. In either way, Hong Kong is an option, because we have been the largest offshore cross-boundary wealth management centre so far in Asia, and we are looking to be the biggest one in the world. It is an area that we are very keen to develop further. Right now, we have 2 700 single family offices. We are going to have facilitated at least 200 more family offices by the end of this year. Also, we are going to have more tax concessions for family offices to cover private credit, carbon credit, and virtual assets. I will leave these details to our Invest Hong Kong colleagues. They will have all the details. All I want to say is wealth management, in particular in terms of family offices and high-net-worth individuals, is an area that I think Hong Kong can walk closely together with this country.
     
    The second area that I think is important to note in terms of collaboration is about what the host mentioned just now – the Web Summit Vancouver. The reason that I’m here is because we just passed a law to regulate stablecoin issues in Hong Kong. It is a big topic, not just in Hong Kong, but regionally, because many people see virtual assets as speculative. But that said, stablecoins being underpinned by fiat currency is a different animal, which potentially can be used in the form of payment. At a time when the US dollar or US-related assets are being questioned, I think many of the alternatives, also at the same time, in the form of stablecoins, have that role to play.
     
    In that regard, I have more to share in terms of our ecosystem effort to build an ecosystem in Hong Kong for our virtual assets. We have already 10 virtual asset exchanges, and also at the same time, we are going to issue licenses for stablecoin issuers. And very soon, we will also regulate these virtual asset custodians. For anyone of you who are participating, in this space, I do urge you to look at what Hong Kong has done and also at the same time how you can leverage the opportunities for your own development.
     
    Last but not least, in terms of what I want to inform this group is having debriefed all of you about what Hong Kong has done in terms of wealth management and virtual assets and also fintech in general, I’m sure that you do see a lot of need to come to Hong Kong. So even though you may not be able to get those free tickets, I’m sure you’re all rich enough to buy your own and also give yourself a reason to come to Hong Kong soon. And anytime, anywhere, you’re most welcome. Thank you.
    Issued at HKT 16:49

    NNNN

    CategoriesMIL-OSI

    MIL OSI Asia Pacific News –

    May 31, 2025
  • MIL-OSI Asia-Pac: Speech by CE at Signing Ceremony of the Convention on the Establishment of the International Organization for Mediation

    Source: Hong Kong Government special administrative region

    Speech by CE at Signing Ceremony of the Convention on the Establishment of the International Organization for Mediation 
    Honourable Minister Wang Yi (Member of the Political Bureau of the CPC Central Committee and Minister of Foreign Affairs), Your Excellencies, ministers and officials from around the world, honourable representatives of international organisations, distinguished guests, ladies and gentlemen,
     
    Good morning. I am delighted to join you on this historic occasion: to celebrate with you the signing of the Convention on the Establishment of the International Organization for Mediation.
     
    Gathered here today, in the Hong Kong Special Administrative Region of the People’s Republic of China, are high-level representatives of over 80 countries from Asia, Africa, Latin America and Europe; and from the United Nations and about 20 international organisations. A very warm welcome to Hong Kong!
     
    It is a privilege for us to host this signing ceremony, and to serve as the IOMed headquarters, once the Convention enters into force.
     
    This singular occasion is made possible by the ongoing and dedicated efforts of China, our country, in working with around 20 states, since late 2022, to establish an intergovernmental organisation devoted to mediation. After five rounds of intensive negotiation since 2023, co-ordinated by the IOMed Preparatory Office, the negotiating states concluded the very Convention signed today.
     
    The IOMed will become the world’s first intergovernmental international legal organisation dedicated to resolving international disputes through mediation. It also reflects our shared confidence in mediation as a peaceful means to maintain international peace and security, as stipulated in the Charter of the United Nations.
     
    The IOMed will provide a pathway for countries – regardless of culture, language and legal system – to resolve international disputes based on mutual respect and understanding. This is increasingly important amid mounting geopolitical tensions. When protectionism threatens to derail the international trade order, and when unilateralism looms over global supply chains, it is dialogue – not division – that restores balance.
     
    China has long championed equity and unity. The Chinese virtue of “和而不同”, meaning “harmony in diversity”, is deeply rooted in our community and culture. This value of mutual respect in spite of differences also sits at the heart of mediation, the IOMed, and a world that seeks co-operation over conflict.
     
    Despite geopolitical turbulence, Hong Kong builds bridges, not walls. Under our unique “one country, two systems” principle, Hong Kong is the only world city that enjoys both the China advantage and the global advantage. With the support of the National 14th Five-Year Plan, Hong Kong has risen as an international legal and dispute resolution services centre in the Asia-Pacific region.
     
    We are the only common law jurisdiction in China, and the only jurisdiction in the world with a bilingual common law system in both Chinese and English. We have a long tradition of the rule of law, and our courts exercise their judicial power independently. Hong Kong’s Court of Final Appeal, which is vested with the power of final adjudication, has on its bench eminent jurists from both Hong Kong and overseas common law jurisdictions.
     
    Our robust, efficient and well-respected legal system is supported by world-class legal and dispute resolution professionals. Often bilingual or even multilingual, they are well-versed in international rules and practices, and help to position Hong Kong as a preferred venue for dispute resolution.
     
    In this year’s International Arbitration Survey, Hong Kong is the most preferred seat of arbitration in the Asia-Pacific region, and shares second place globally with another jurisdiction. Our economy also came first in “business legislation” and “international trade” in the World Competitiveness Yearbook. In the latest Business Ready Report published by the World Bank Group, Hong Kong ranks eighth in “dispute resolution” among the 50 economies covered.
     
    All this underscores Hong Kong’s effectiveness as a “super connector” and “super value-adder” among many economies. We contribute to cross-border investment and economic activity through our top-notch professional services. Our “one country, two systems” advantages make us well-placed to be the headquarters of the important institution of the IOMed.
     
    The Hong Kong Special Administrative Region Government is devoted to supporting the IOMed’s provision of friendly, flexible, economical and efficient mediation services. We actively promote a vibrant culture of mediation. In fact, it is a general policy to incorporate a mediation clause in all government contracts. We are also enhancing the system on local accreditation and disciplinary matters of the mediation profession.
     
    And we go all out to build bridges with the world. Hong Kong will actively promote the IOMed’s valuable work in settling international disputes through mediation, and advocate mediation as a global tool for peace and justice across borders.
     
    Ladies and gentlemen, the establishment of the IOMed’s headquarters in Hong Kong is a great honour for our city. The headquarters, as you may know, will be based in the building that once housed the Wan Chai Police Station, just a stone’s throw away from here. Built in 1932, this iconic building has a long association with law and order in Hong Kong. From its prime downtown location, it has also witnessed the transformation of our city that has long treasured unity. In its new role as the IOMed headquarters, the building will play a vital part in the future of Hong Kong as a centre for international legal and dispute resolution services.
     
    We are working to complete the conversion of the building for its new mission. I’m happy to say that it could open its doors as early as the end of this year. We look forward not only to welcoming its new occupants, but also to supporting them in building new bridges for a more connected, peaceful and prosperous future through mediation.
     
    I would like to express my sincere gratitude to the Central Government for its staunch support of Hong Kong, allowing Hong Kong the honour of housing the IOMed headquarters here. My sincere gratitude also goes to the international community, for placing your trust and confidence in our city. Let’s renew our commitment to peace, justice and the rule of law. Let’s cultivate a mediation culture together. Let’s build a strong IOMed for a global community of shared future founded on peace and prosperity. Please enjoy the day and enjoy Hong Kong. Thank you.
    Issued at HKT 11:50

    NNNN

    CategoriesMIL-OSI

    MIL OSI Asia Pacific News –

    May 31, 2025
  • MIL-OSI Video: UN Peacekeepers Day, Deputy Secretary-General & other topics – Daily Press Briefing

    Source: United Nations (Video News)

    Noon Briefing by Mr. Stéphane Dujarric, Spokesperson for the Secretary-General.

    Highlights:

    – UN Peacekeepers Day
    – Deputy Secretary-General
    – Occupied Palestinian Territory
    – West Bank
    – Yemen
    – Sudan
    – Democratic Republic of the Congo
    – Democratic Republic of the Congo/Humanitarian
    – Security Council/Afternoon
    – Economic Community of West African States

    UN PEACEKEEPERS DAY
    Today is International Day of UN Peacekeepers. In his message for the Day, the Secretary-General said we honour the service of peacekeepers who step into danger with courage to help those who need protection, to preserve peace, and to restore hope in some of the world’s most challenging contexts.
    At 2:45 pm, the Secretary-General will lay a wreath to honour the more than 4,400 United Nations peacekeepers who have lost their lives in the line of duty since 1948.
    And at 3:00 p.m., the Secretary-General will present awards to the Military Gender Advocate of the Year, Squadron Leader Sharon Mwinsote Syme of Ghana and the UN Woman Police Officer of the Year, Superintendent Zainab Gbla of Sierra Leone.
    Both of them serve with our peacekeeping mission in Abyei.

    DEPUTY SECRETARY-GENERAL
    The Deputy Secretary-General, Amina Mohammed, is in Dushanbe, Tajikistan. She is attending the First High-Level International Conference on Glacier Preservation. She is doing that on behalf of the Secretary-General.
    In the morning, the Deputy Secretary-General travelled to observe first-hand the impact of climate change on Tajikistan’s glaciers. She commended international efforts to protect glaciers ahead of COP30, noting their critical role in safeguarding water sources, ecosystems, and communities. In this context, she said that the “Early Warnings for All” initiative is key to strengthening climate resilience and helping vulnerable populations prepare for climate-related shocks.
    Also today, she met with the President of Tajikistan, Emomali Rahmon, as well as with Sirojiddin Muhriddin, the Minister of Foreign Affairs of the country. She acknowledged Tajikistan’s progress on the Sustainable Development Goals and the it’s leadership in advancing the global climate, water, and glacier preservation agenda — rooted in cooperation and multilateralism.
    Tomorrow, the Deputy Secretary-General will participate in the Opening Session of the International Conference on Glacier Preservation.

    OCCUPIED PALESTINIAN TERRITORY
    The UN Humanitarian Country Team of the Occupied Palestinian Territory issued a statement warning that the new militarized distribution system does not meet the needs of people in Gaza. It puts them at risk, and runs contrary to humanitarian principles.
    The Humanitarian Country Team, which brings together UN agencies and NGOs, stressed that the Israeli authorities have undermined the capacity of our own teams on the ground to deliver genuine humanitarian assistance that would reach the most vulnerable groups. Despite these challenges, our team continues to deliver aid where possible. Once again, they reiterated that fundamental humanitarian principles are non-negotiable.
    On the ground, the United Nations Office for the Coordination of Humanitarian Affairs (OCHA) warns that air strikes and other attacks continue across the Gaza Strip.
    There are reports that scores of people were killed, and hundreds injured over the past 24 hours, including children and other civilians.

    Full Highlights:
    https://www.un.org/sg/en/content/noon-briefing-highlight?date%5Bvalue%5D%5Bdate%5D=29%20May%202025

    https://www.youtube.com/watch?v=RKJynvNn-mk

    MIL OSI Video –

    May 31, 2025
  • MIL-OSI China: China-Cambodia “Golden Dragon 2025” joint exercise wraps up 2025-05-30 19:20:49 On May 28, local time, the conclusion ceremony of the aerial and land live-fire drill of China-Cambodia “Golden Dragon 2025” joint exercise was held in Cambodia.

    Source: People’s Republic of China – Ministry of National Defense

      The conclusion ceremony of the China-Cambodia “Golden Dragon 2025” joint exercise is held at the Military Police Training Center of the RCAF in Kampong Chhnang Province in Cambodia on May 28, 2025. (Photo by Duan Jiangshan)

      KAMPONG CHHNANG, Cambodia, May 30 — On May 28, local time, the conclusion ceremony of the aerial and land live-fire drill of China-Cambodia “Golden Dragon 2025” joint exercise was held at the Military Police Training Center of the Royal Cambodian Armed Forces (RCAF) in Kampong Chhnang Province in Cambodia.

      The aerial and land live-fire drill was set against the backdrop of “terrorists” attacking a China-Cambodia joint venture, taking several “hostages” to a neighborhood hotel and resisting by relying on the surrounding buildings. The drill highlighted urban counter-terrorism operations, and focused on hostage rescue and encirclement and suppression. The drill covered 24 tactical operations including multi-dimensional reconnaissance, airborne control and defense, three-dimensional assault, hostage rescue, emergency aid and treatment, and elimination of remaining enemy forces. The participating troops of the two sides were uniformly grouped into a joint taskforce. 

      After the drill, the chief directors of both sides reported on the overall situation of the exercise, and the leaders of both sides presented awards to the representatives of the participating troops with excellent performance. 

      The China-Cambodia “Golden Dragon 2025” joint exercise further deepened pragmatic cooperation, exchange, and mutual trust between the two sides, and enhanced the joint commanding and operational capabilities of the two militaries, marking a new starting point in the cooperation between the two militaries and their actual combat capabilities.

      At the site of the aerial and land live-fire drill of the China-Cambodia “Golden Dragon 2025” joint exercise at the Military Police Training Center of the RCAF in Kampong Chhnang Province in Cambodia on May 28, the troops of China-Cambodia joint taskforce take turns providing cover and advanced towards the “terrorist” stronghold. (Photo by Duan Jiangshan)

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    MIL OSI China News –

    May 30, 2025
  • MIL-OSI Australia: Police catch drink and drug drivers

    Source: New South Wales – News

    South Australia Police detected 53 drink and drug driving offences in a targeted statewide road safety operation last week.

    Operation Stop Drink and Drug Drive was conducted from 23 to 25 May 2025 involving both static and mobile alcohol and drug testing units.

    Officer in Charge of Traffic Services Branch, Superintendent Shane Johnson said the results indicate that too many drivers are still making the irresponsible decision to drive under the influence of alcohol and drugs.

    “Drink and drug driving is a selfish decision that puts drivers and other road users at unnecessary risk of injury or a loss of life,” Superintendent Johnson said.

    “In this operation, police detected 23 positive drug driving offences and 32 drink driving offences, so 51 people immediately lost their licence and 22 had their vehicle impounded.

    “Police will continue to conduct high-visibility operations across the state to target those who ignore the law. If you drink alcohol or take drugs and get behind the wheel, you are taking an unnecessary risk and will get caught. “

    An incident of note involved a 62-year-old Para Hills woman who was detected allegedly with a blood alcohol reading five times over the legal limit with a reading of 0.266 after failing to navigate a left-hand turn and crashing a vehicle on a pedestrian refuge. She was issued with drink driving and driving without due care and issued with a 12-month immediate loss of licence.

    A 62-year-old Morphett Vale man was also detected with an alleged a blood alcohol reading of 0.266 was stopped for driving in an erratic manner. He was issued with a 12-month immediate loss of licence notice and police impounded his vehicle for 28 days.

    MIL OSI News –

    May 30, 2025
  • MIL-OSI: Ellomay Capital Reports Publication of Financial Statements of Dorad Energy Ltd. as of and for the Three Months Ended March 31, 2025

    Source: GlobeNewswire (MIL-OSI)

    TEL-AVIV, Israel, May 30, 2025 (GLOBE NEWSWIRE) — Ellomay Capital Ltd. (NYSE American; TASE: ELLO) (“Ellomay” or the “Company”), a renewable energy and power generator and developer of renewable energy and power projects in Europe, Israel and USA, today reported the publication in Israel of financial statements as of and for the three months ended March 31, 2025 of Dorad Energy Ltd. (“Dorad”), in which Ellomay currently indirectly holds approximately 9.4% through its indirect 50% ownership of Ellomay Luzon Energy Infrastructures Ltd. (formerly U. Dori Energy Infrastructures Ltd.) (“Ellomay Luzon Energy”).

    On May 29, 2025, Amos Luzon Entrepreneurship and Energy Group Ltd. (the “Luzon Group”), an Israeli public company that currently holds the remaining 50% of Ellomay Luzon Energy, which, in turn, holds 18.75% of Dorad, published its quarterly report in Israel based on the requirements of the Israeli Securities Law, 1968. Based on applicable regulatory requirements, the quarterly report of the Luzon Group includes the financial statements of Dorad for the same period.

    The financial statements of Dorad as of and for the three months ended March 31, 2025 were prepared in accordance with International Financial Reporting Standards. Ellomay will include its indirect share of these results (through its holdings in Ellomay Luzon Energy) in its financial results for this period. In an effort to provide Ellomay’s shareholders with access to Dorad’s financial results (which were published in Hebrew), Ellomay hereby provides a convenience translation to English of Dorad’s financial results.

    Dorad Financial Highlights

    • Dorad’s revenues for the three months ended March 31, 2025 – approximately NIS 610.6 million.
    • Dorad’s operating profit for the three months ended March 31, 2025 – approximately NIS 76.9 million.

    Based on the information provided by Dorad, the demand for electricity by Dorad’s customers is seasonal and is affected by, inter alia, the climate prevailing in that season. The months of the year are split into three seasons as follows: summer – June-September; winter – December-February; and intermediate (spring and autumn) – March-May and October-November. There is a higher demand for electricity during the winter and summer seasons, and the average electricity consumption is higher in these seasons than in the intermediate seasons and is even characterized by peak demands due to extreme climate conditions of heat or cold. In addition, Dorad’s revenues are affected by the change in load and time tariffs – TAOZ (an electricity tariff that varies across seasons and across the day in accordance with demand hour clusters), as, on average, TAOZ tariffs are higher in the summer season than in the intermediate and winter seasons. Therefore, the results presented for the quarter ended March 31, 2025, which include winter months of January and February and the intermediate month of March, are not indicative of full year results. In addition, due to various reasons, including the effects of the increase in the Israeli CPI impacting interest payments by Dorad on its credit facility, the results included herein may not be indicative of first quarter results in the future or comparable to first quarter results in the past.

    A convenience translation of the financial results for Dorad as of and for the year ended December 31, 2024 and as of and for each of the three-month periods ended March 31, 2025 and 2024 is included at the end of this press release. Ellomay does not undertake to separately report Dorad’s financial results in a press release in the future. Neither Ellomay nor its independent public accountants have reviewed or consulted with the Luzon Group, Ellomay Luzon Energy or Dorad with respect to the financial results included in this press release.

    About Ellomay Capital Ltd.
    Ellomay is an Israeli based company whose shares are registered with the NYSE American and with the Tel Aviv Stock Exchange under the trading symbol “ELLO”. Since 2009, Ellomay focuses its business in the renewable energy and power sectors in Europe, USA and Israel.
    To date, Ellomay has evaluated numerous opportunities and invested significant funds in the renewable, clean energy and natural resources industries in Israel, Italy, Spain, the Netherlands and Texas, USA, including:

    • Approximately 335.9 MW of operating solar power plants in Spain (including a 300 MW solar plant in owned by Talasol, which is 51% owned by the Company) and approximately 38 MW of operating solar power plants in Italy;
    • 9.375% indirect interest in Dorad Energy Ltd., which owns and operates one of Israel’s largest private power plants with production capacity of approximately 850MW, representing about 6%-8% of Israel’s total current electricity consumption;
    • Groen Gas Goor B.V., Groen Gas Oude-Tonge B.V. and Groen Gas Gelderland B.V., project companies operating anaerobic digestion plants in the Netherlands, with a green gas production capacity of approximately 3 million, 3.8 million and 9.5 million Nm3 per year, respectively;
    • 83.333% of Ellomay Pumped Storage (2014) Ltd., which is involved in a project to construct a 156 MW pumped storage hydro power plant in the Manara Cliff, Israel;
    • Solar projects in Italy with an aggregate capacity of 294 MW that have reached “ready to build” status; and
    • Solar projects in the Dallas Metropolitan area, Texas, USA with an aggregate capacity of approximately 27 MW that are placed in service and in process of connection to the grid and additional 22 MW are under construction.

    For more information about Ellomay, visit http://www.ellomay.com.

    Information Relating to Forward-Looking Statements

    This press release contains forward-looking statements that involve substantial risks and uncertainties, including statements that are based on the current expectations and assumptions of the Company’s management. All statements, other than statements of historical facts, included in this press release regarding the Company’s plans and objectives, expectations and assumptions of management are forward-looking statements.  The use of certain words, including the words “estimate,” “project,” “intend,” “expect,” “believe” and similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  The Company may not actually achieve the plans, intentions or expectations disclosed in the forward-looking statements and you should not place undue reliance on the Company’s forward-looking statements. Various important factors could cause actual results or events to differ materially from those that may be expressed or implied by the Company’s forward-looking statements, including changes in electricity prices and demand, continued war and hostilities and political and economic conditions generally in Israel, regulatory changes, the decisions of the Israeli Electricity Authority, changes in demand, technical and other disruptions in the operations of the power plant operated by Dorad, competition, changes in the supply and prices of resources required for the operation of the Dorad’s facilities and in the price of oil and electricity, changes in the Israeli CPI, changes in interest rates, seasonality, failure to obtain financing for the expansion of Dorad and other risks applicable to projects under development and construction, and other risks applicable to projects under development and construction, in addition to other risks and uncertainties associated with the Company’s and Dorad’s business that are described in greater detail in the filings the Company makes from time to time with Securities and Exchange Commission, including its Annual Report on Form 20-F. The forward-looking statements are made as of this date and the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:
    Kalia Rubenbach (Weintraub)
    CFO
    Tel: +972 (3) 797-1111
    Email: hilai@ellomay.com  

     
    Dorad Energy Ltd.

    Interim Condensed Statements of Financial Position

    March 31

    March 31

    December 31

    2025

    2024

    2024

    (Unaudited)

    (Unaudited)

    (Audited)

    NIS thousands

    NIS thousands

    NIS thousands

    Current assets

    Cash and cash equivalents

    1,030,373

    399,596

    846,565

    Trade receivables and accrued income

    247,812

    181,182

    185,625

    Other receivables

    26,929

    13,850

    32,400

    Financial derivatives

    803

    –

    –

    Total current assets

    1,305,917

    594,628

    1,064,590

    Non-current assets

    Restricted deposit

    541,855

    514,770

    531,569

    Long-term Prepaid expenses

    79,666

    29,548

    79,739

    Fixed assets

    2,678,973

    3,065,103

    2,697,592

    Intangible assets

    10,215

    7,573

    9,688

    Right of use assets

    53,332

    54,544

    54,199

    Total non-current assets

    3,364,041

    3,671,538

    3,372,787

    Total assets

    4,669,958

    4,266,166

    4,437,377

    Current liabilities

    Current maturities of loans from banks

    347,509

    329,137

    321,805

    Current maturities of lease liabilities

    4,991

    4,787

    4,887

    Current tax liabilities

    24,119

    –

    14,016

    Trade payables

    297,164

    158,545

    168,637

    Other payables

    14,865

    19,897

    14,971

    Financial derivatives

    –

    1,125

    –

    Total current liabilities

    688,648

    513,491

    524,316

    Non-current liabilities

    Loans from banks

    1,756,777

    2,001,668

    1,750,457

    Other long-term liabilities

    60,872

    11,562

    60,987

    Long-term lease liabilities

    47,198

    48,007

    46,809

    Provision for dismantling and restoration

    37,212

    38,013

    38,102

    Deferred tax liabilities

    405,837

    297,691

    399,282

    Liabilities for employee benefits, net

    160

    160

    160

    Total non-current liabilities

    2,308,056

    2,397,101

    2,295,797

    Equity

    Share capital

    11

    11

    11

    Share premium

    642,199

    642,199

    642,199

    Capital reserve from activities with shareholders

    3,748

    3,748

    3,748

    Retained earnings

    1,027,296

    709,616

    971,306

    Total equity

    1,673,254

    1,355,574

    1,617,264

    Total liabilities and equity

    4,669,958

    4,266,166

    4,437,377

    Dorad Energy Ltd.

    Interim Condensed Statements of Profit or Loss

     

     

    For the three months ended

    Year ended

       

    March 31

    December 31

       

    2025

     

    2024

     

    2024

       

    (Unaudited)

     

    (Unaudited)

     

    (Audited)

       

    NIS thousands

     

    NIS thousands

     

    NIS thousands

    Revenues

    610,554

     610,882 

     2,863,770 

     

     

     

     

    Operating costs of the Power Plant

     

     

     

     

     

     

     

    Energy costs

    105,220

     131,084 

     574,572 

     

     

     

    Electricity purchase and
    infrastructure services

    325,315

     263,191 

     1,372,618 

    Depreciation and
    amortization

    51,418

    55,514 

    106,266 

    Other operating costs

     

    43,475

     

     42,469 

     

     190,027 

     

     

     

     

    Total operating costs of Power Plant

     

    525,428

     

     492,258 

     

     2,243,483 

     

     

     

     

     

     

     

     

    Profit from operating the Power Plant

    85,126

     118,624 

     620,287 

     

     

     

     

    General and administrative expenses

    8,186

     9,874 

     23,929 

    Other income

     

    –

     

     – 

     

     58 

     

     

     

     

    Operating profit

    76,940

     108,750 

     596,416 

     

     

     

     

    Financing income

    28,452

     12,879 

     184,939 

    Financing expenses

     

    32,743

     

     36,396 

     

     193,825 

     

     

     

     

    Financing expenses, net

     

    4,291

     

     23,517 

     

     8,886 

     

     

     

     

    Profit before taxes on income

    72,649

     85,233 

     587,530 

     

     

     

     

    Taxes on income

     

    16,659

     

     19,596 

     

     135,203 

     

     

     

     

    Net profit for the period

     

    55,990

     

     65,637 

     

     452,327

    Dorad Energy Ltd.
    Interim Condensed Statements of Changes in Shareholders’ Equity
          Capital reserve      
          for activities      
      Share
      Share     with   Retained      
      capital
      premium     shareholders   earnings     Total Equity
      NIS thousands
      NIS thousands     NIS thousands   NIS thousands     NIS thousands
    For the three months                
     ended March 31, 2025            
     (Unaudited)                
                 
    Balance as at                
     January 1, 2025 (Audited) 11   642,199     3,748   971,306     1,617,264  
                     
    Net profit for the period – 
       –       –    55,990     55,990  
                     
    Balance as at 
     March 31, 2025 (Unaudited)
     11
       642,199      3,748   1,027,296     1,673,254  
                 
    For the three months                
     ended March 31, 2024                
     (Unaudited)            
                 
    Balance as at            
     January 1, 2024 (Audited) 11   642,199     3,748   643,979   1,289,937  
                 
    Net profit for the period –    –      –    65,637   65,637  
                 
    Balance as at            
     March 31, 2024 (Unaudited) 11   642,199     3,748   709,616   1,355,574  
                 
    For the year ended            
     December 31, 2024 (Audited)            
                 
    Balance as at            
     January 1, 2024 (Audited) 11   642,199     3,748   643,979   1,289,937  
                 
    Dividend distributed –    –      –    (125,000 ) (125,000 )
    Net profit for the year –    –      –    452,327   452,327  
                 
    Balance as at            
     December 31, 2024 (Audited) 11   642,199     3,748   971,306   1,617,264  
     
    Dorad Energy Ltd.
    Interim Condensed Statements of Cash Flows
        For the three months ended Year ended  
        March 31
      December 31  
        2025   2024   2024  
        (Unaudited)   (Unaudited)   (Audited)  
        NIS thousands   NIS thousands   NIS thousands  
    Cash flows from operating activities:        
    Net Profit for the period 55,990    65,637    452,327  
           
    Adjustments:      
    Depreciation and amortization      
    and fuel consumption 53,036    59,379    121,664  
    Taxes on income 16,659    19,596     135,203  
    Financing expenses, net 4,291    23,517    8,886  
      73,986    102,492    265,753  
           
    Change in trade receivables (62,187 )  30,684    26,241  
    Change in other receivables 5,471   (4,493 ) (20,951 )
    Change in trade payables 116,677   (8,906 ) (10,361 )
    Change in other payables (106 )  5,954   (3,481 )
    Change in other long-term liabilities 315   (1,381 ) (3,661 )
      60,170    21,858   (12,213 )
           
    Net cash from operating activities 190,146    189,987    705,867  
           
    Cash flows from investing activities:      
    Proceeds (used in) for settlement of financial derivatives, net 289   (1,395 )  1,548  
    Decrease in long-term restricted deposits –    17,500    17,500  
    Investment in fixed assets (34,249 ) (17,069 ) (44,132 )
    Proceeds from arbitration –    –     337,905  
    Proceeds from insurance for damages to fixed assets –    2,737    5,148  
    Investment in intangible assets (1,115 ) (412 ) (4,054 )
    Interest received 14,847    9,577    42,221  
           
    Net cash from )used in) investing activities (20,228 )  10,918    356,136  
           
    Cash flows from financing activities:      
    Repayment of lease liability –    (100 ) (4,984 )
    Repayment of loans from banks –     –    (284,570 )
    Dividends paid –    (17,500 ) (142,500 )
    Interest paid (190 ) (196 ) (129,957 )
    Proceeds from arbitration –    –     127,195  
           
    Net cash used in financing activities (190 ) (17,796 ) (434,816 )
           
    Net increase in cash and cash equivalents 169,728    183,109    627,187  
           
    Effect of exchange rate fluctuations      
    on cash and cash equivalents 14,080   (2,759 )  132  
    Cash and cash equivalents at      
    beginning of period 846,565    219,246    219,246  
    Cash and cash equivalents at end      
    of period 1,030,373   399,596    846,565   
           
    (a) Significant non-cash activity        
    Liability for gas agreements 432   –    56,208  

    The MIL Network –

    May 30, 2025
  • MIL-OSI United Kingdom: A summer payment to around 90,000 carers

    Source: Scottish Government

    Carer’s Allowance Supplement to be paid this June.

    Around 90,000 carers are set to receive Carer’s Allowance Supplement this June – an additional payment of £293.50.  

    The payment is extra money for people who receive Carer Support Payment or Carer’s Allowance on a particular date. 

    Only available in Scotland, the summer payment will be made between 18 and 19 June 2025. Carers are eligible if they received Carer Support Payment or Carer’s Allowance on 14 April 2025.  

    Carers eligible for the payment will receive a letter from Social Security Scotland before the payment is made. Carers do not need to apply as it is paid automatically to everyone who is eligible.  

    Social Justice Secretary Shirley-Anne Somerville said: “This benefit was the first that we introduced when we formed Social Security Scotland back in 2018. It’s an additional payment to recognise the important contribution of unpaid carers in Scotland. A payment not made anywhere else in the UK. 

    “It’s another example of how we’ve built a radically different social security system in Scotland, with dignity, fairness and respect at its heart.”    

    Claire Cairns, Director at The Coalition of Carers in Scotland added: “At a time when many carers are struggling to pay the bills, while providing essential support to loved ones, this payment is a vital acknowledgment of their role and a much-needed financial boost that helps ease some of the pressure they face every day.” 

    If a carer is eligible for Carer’s Allowance Supplement but has not received a letter or payment by 30 June 2025, they should contact Social Security Scotland free on 0800 182 2222. 

    The next Carer’s Allowance Supplement will be paid in December 2025.   

    Background 

    • Carer’s Allowance Supplement is paid twice a year. It’s an extra payment for eligible unpaid carers who are getting Carer Support Payment or Carer’s Allowance on the qualifying date. It is paid automatically without the need to apply.   Carers who have a genuine and sufficient link to Scotland but live outside the UK in the European Economic Area, Switzerland or Gibraltar may be eligible. Find out more Applying outside of Scotland – mygov.scot 
    • Other benefits available for carers from Social Security Scotland, including Carer Support Payment and Young Carer Grant, can be found at mygov.scot/carers 
    • Information on other support for carers, such as financial support, wellbeing support and short breaks from caring, can be found at Help if you’re a carer – mygov.scot   
    • The Coalition of Carers is a coalition of unpaid carers and local carer organisations who work to promote the voice of carers in the development of services, policy and legislation. Its aim is to improve carers’ rights and recognition in Scotland. Coalition of Carers in Scotland – Carers Rights in Scotland 

    MIL OSI United Kingdom –

    May 30, 2025
  • France may toughen stance on Israel if it continues blocking Gaza aid, Macron says

    Source: Government of India

    Source: Government of India (4)

    France could harden its position on Israel if it continues to block humanitarian aid to Gaza, French President Emmanuel Macron said on Friday, reiterating that Paris was committed to a two-state solution to resolve the Israel-Palestinian conflict.

    “The humanitarian blockade is creating a situation that is untenable on the ground,” Macron said at a joint press conference in Singapore with Prime Minister Lawrence Wong.

    “And so, if there is no response that meets the humanitarian situation in the coming hours and days, obviously, we will have to toughen our collective position,” Macron said, adding that France may consider applying sanctions against Israeli settlers.

    “But I still hope that the government of Israel will change its stance and that we will finally have a humanitarian response”.

    Israeli Prime Minister Benjamin Netanyahu’s government has hit back at growing international pressure over the war in Gaza, the deadliest fighting in decades of conflict between Israel and the Palestinians.

    Macron was in Singapore on a state visit and he will also deliver the keynote address at the Shangri-La Dialogue, Asia’s premier security forum, which runs this year from May 30-June 1.

    Deep differences between Palestinian militant group Hamas and Israel have stymied previous attempts to restore a ceasefire that broke down in March.

    Under growing international pressure, Israel partially ended an 11-week long aid blockade on Gaza 10 days ago. It has allowed a limited amount of relief to be delivered via two avenues – the United Nations or the U.S.-backed Gaza Humanitarian Foundation.

    The French president said Paris is committed to working towards a political solution and reiterated his support for a two-state solution to the Israel-Palestinian conflict.

    Macron is leaning towards recognising a Palestinian state, diplomats and experts say, a move that could infuriate Israel and deepen Western splits.

    French officials are weighing up the move ahead of a United Nations conference, which France and Saudi Arabia are co-hosting between June 17-20, to lay out the parameters for a roadmap to a Palestinian state, while ensuring Israel’s security.

    Israel launched its campaign in Gaza in response to a Hamas attack in its south on October 7, 2023, that killed some 1,200 people and saw 251 Israelis taken hostage into Gaza, according to Israeli tallies.

    The war since then has killed around 54,000 Palestinians, Palestinian health authorities say, more than in any other of the countless rounds of fighting between the two sides.

    (Reuters)

    May 30, 2025
  • MIL-OSI Russia: Financial news: Package of documents for RNKO in the form of LLC

    Translation. Region: Russian Federal

    Source: Central Bank of Russia (2) –

    1. Learn the necessary federal laws and regulations.

    2. Check the compliance of candidates for the position of managers and other persons of the organization being created with the stated qualification requirements and/or business reputation requirements.

    The list of persons is specified in Article 11.1 of the Law on Banks and Article 60 of the Federal Law of 10.07.2002 No. 86-FZ “On the Central Bank of the Russian Federation (Bank of Russia)”.

    The qualification requirements and requirements for the business reputation of these persons are established by Article 16 of the Law on Banks.

    To perform the check, we recommend using:

    3. Collect documents to assess the financial position of the founders of the NPO and other persons provided for by the Law on Banks.

    The procedure and criteria for assessing the financial position, as well as the requirements for the financial position are established By the Regulation of the Bank of Russia dated 28.12.2017 No. 626-P.

    4. Select a unique name for the non-bank credit institution being created.

    Requirements for the name are established by Articles 54 and 1473 of the Civil Code of the Russian Federation, Article 7 of the Law on Banks and the Bank of Russia Instruction dated 02.04.2010 No. 135-I.

    To check the names already in use, we recommend using the KGR KO and the Unified State Register of Legal Entities (USRLE).

    Before making a decision to establish a non-profit organization, the founders must send a request to the Bank of Russia regarding the possibility of using the proposed full corporate name and abbreviated corporate name of the credit institution (in Russian).

    5. Pay the state fee for obtaining a license to carry out banking operations.

    For the issuance of a license to carry out banking operations, a state fee is paid in accordance with subparagraph 93 of paragraph 1 of Article 333.33 of the Tax Code of the Russian Federation.

    The amount of the state duty is 0.1% of the declared authorized capital of the created credit institution, but not more than 500 thousand rubles.

    Payment order designer.

    6. Prepare and submit to the Bank of Russia a set of documents for state registration of a non-profit organization.

    A set of documents for state registration can be sent to the Bank of Russia via personal account, as well as by mail or courier to the Bank of Russia expedition.

    To create a non-banking credit organization in the form of a limited liability company, a “set of standardized documents“

    7. Receive notification of the entry of information about the non-bank credit institution into the Unified State Register of Legal Entities and a certificate of registration from the Bank of Russia.

    After making a decision on state registration of a non-profit organization, the Bank of Russia sends to the authorized registration body the information and documents necessary for it to carry out its functions of maintaining the Unified State Register of Legal Entities.

    Based on the decision taken by the Bank of Russia and the information and documents submitted by it, the authorized registration body, within a period of no more than five working days from the date of receipt of such documents, makes a corresponding entry in the Unified State Register of Legal Entities and, no later than the working day following the day of making such entry, notifies the Bank of Russia of this.

    The Bank of Russia, no later than three working days from the date of receipt from the authorized registration body of information on the entry of a record of state registration of an NPO into the Unified State Register of Legal Entities, notifies its founders of this with a requirement to make a payment of 100% of the declared authorized capital of the organization within one month. The regulator also issues the founders a document confirming the fact of entry of a record of it into the Unified State Register of Legal Entities and a certificate of registration of the Bank of Russia, assigns the NPO a registration number of the Bank of Russia and enters information about it into the State Register of Legal Entities.

    8. Pay the authorized capital and obtain a license to carry out banking operations.

    Upon presentation of documents confirming payment of 100% of the declared authorized capital of the NPO, the Bank of Russia issues it a license to carry out banking operations within three days.

    Information about an NPO after its creation and issuance of a license is posted inDirectory of financial organizations on the official website of the Bank of Russia.

    The notice of state registration of a credit institution is published in“Bulletin of the Bank of Russia”.

    A non-bank credit institution has the right to carry out operations from the moment it receives a license issued by the Bank of Russia.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

    May 30, 2025
  • MIL-OSI Asia-Pac: HKMA warns public of fraudulent social media accounts impersonating HKMA Chief Executive

    Source: Hong Kong Government special administrative region

    The following is issued on behalf of the Hong Kong Monetary Authority:

    ​The Hong Kong Monetary Authority (HKMA) today (May 30) urged members of the public to be vigilant against fraudulent social media accounts impersonating the Chief Executive of the HKMA, Mr Eddie Yue. The HKMA clarified that its latest news and work priorities are only disseminated through official channels, including the official website and social media accounts (for details, please visit www.hkma.gov.hk). Any other personal social media accounts or pages claiming to represent the HKMA Chief Executive are fake.

    The public should disregard any information disseminated on suspicious websites, social media accounts or pages.

    The incident has been reported to the Police for follow up.

    MIL OSI Asia Pacific News –

    May 30, 2025
  • MIL-OSI Asia-Pac: Speech by SJ at Global Forum on International Mediation (English only)

    Source: Hong Kong Government special administrative region

         Following are the welcoming remarks by the Secretary for Justice, Mr Paul Lam, SC, at the Global Forum on International Mediation today (May 30):
     
    Your Excellencies, distinguished guests, ladies and gentlemen,
     
         It is with great pleasure that I welcome you all to the inaugural Global Forum on International Mediation.
     
         This morning, altogether 32 state parties including China signed the Convention on the Establishment of the International Organization for Mediation. This is undoubtedly a historic event since the International Organization for Mediation (IOMed) will be the first international intergovernmental organisation devoted to the use of mediation in resolving international disputes. We all hope that the Convention will enter into force as soon as practicable.
     
         While the Convention has already set out the framework and the essential terms concerning the operation of the IOMed, the state parties would need to consider and agree on further details to ensure the smooth operation of the Convention. To ensure and attract more state parties’ support and participation, it is also necessary to raise people’s awareness of mediation as a means of resolving international disputes and to enhance the capacity to use it in practice. In these circumstances, it is most pertinent to hold this Global Forum on International Mediation immediately after the signing ceremony of the Convention.
     
         The IOMed will provide mediation services for the settlement of the following three types of international disputes: disputes between states, disputes between a state and a national of another state and international commercial disputes between private entities. This afternoon, we are extremely honoured and privileged to have a distinguished panel of moderators and speakers, who will share their views in two panels: the first one will focus on mediation of disputes among states, whereas the second session will focus on mediation of international investment and commercial disputes. Our distinguished moderators and speakers consist of leaders or former leaders of state parties, as well as from international organisations and multilateral development banks; and also experts and other key stakeholders in international mediation.
     
         To set the scene, I would like to highlight the significance of mediation in resolving international disputes and the important role that Hong Kong will play in the operation of the IOMed.
     
         Put simply, mediation is a process whereby the parties in dispute attempt to reach a mutually acceptable and amicable settlement of their dispute on a voluntary basis with the assistance of a third party who may facilitate a solution between the parties to the dispute but without the power to impose it upon the parties. As compared to traditional means of resolving international disputes such as litigation or arbitration, mediation is clearly more forward-looking, constructive and conducive to repairing the relationship between the two sides.
     
         It is well-known that peaceful settlement of international disputes is one of the most fundamental principles of international law and international relations. The use of mediation as a means to settle international disputes peacefully is expressly mentioned in Article 33 of the Charter of the United Nations, and also the Declaration on Principles of International Law concerning Friendly Relations and Cooperation among States in accordance with the Charter of the United Nations passed by the United Nations General Assembly in 1970.
     
         The United Nations General Assembly has passed altogether four resolutions on “Strengthening the role of mediation in the peaceful settlement of disputes, conflict prevention and resolution” on June 22, 2011, September 13, 2012, July 31, 2014, and September 9, 2016, respectively. In the most recent one dated September 9, 2016, the UN General Assembly recognised mediation as an efficient and cost-effective tool in the peaceful settlement of disputes, conflict prevention and resolution, and welcomed its increased use. It acknowledged the importance of mediation in the peaceful settlement of disputes, conflict prevention and resolution and in seeking long-term political solutions for sustaining peace, and recognised that mediation needs to be further and more effectively used.
     
         On the other hand, the role of mediation in resolving international commercial and investment disputes between a state and a foreign national or between private entities from different countries is also well acknowledged and recognised. As early as 1980, the United Nations Commission on International Trade Law (UNCITRAL) developed and adopted the UNCITRAL Mediation Rules, which were subsequently revised in 2021. And more recently, in 2024, UNCITRAL published the Guidelines on Mediation for International Investment Disputes. The United Nations Convention on International Settlement Agreements Resulting from Mediation, which entered into force in September 2020, offered another example of international efforts in promoting mediation.
     
         While mediation may be conducted on an ad hoc basis, there are clear advantages to conducting mediation with institutional supports. Institutional supports may include, for example, guidance on procedural aspects; assistance in communicating with the other party; identification of a pool of mediators and assistance in their selection and appointment; assistance in the logistic aspects of mediation including the organisation of in-person and remote meetings; as well as providing for data protection and cybersecurity measures.
     
         In the circumstances, in order to promote and facilitate the use of mediation to resolve international disputes, it is most desirable to have an intergovernmental organisation devoted to the use of mediation to resolve international disputes. The establishment of the IOMed has filled a glaring omission in the past international dispute resolution system. The Organization will complement the other two intergovernmental organisations specialising in international dispute resolution, namely, the International Court of Justice and the Permanent Court of Arbitration.
     
         The headquarters of the IOMed will be crucial to the implementation of the Convention. It represents the physical presence of the institution, and provides the platform to provide various mediation services. I am extremely grateful that the state parties to the Convention have agreed to establish the headquarters of the IOMed here in Hong Kong, which is a strong vote of confidence in Hong Kong. I would respectfully submit that Hong Kong is indeed an ideal place to host the headquarters of the IOMed.
     
         Hong Kong is a special administrative region of China, which has taken the lead in the establishment of the IOMed. Under the principle of “one country, two systems”, Hong Kong enjoys numerous unique advantages, which put it in the best position to serve as the headquarters of the IOMed. As President Xi Jinping said on December 20, 2024, in Macao at the ceremony celebrating the 25th anniversary of China’s resumption of sovereignty over Macao, the principle of “one country, two systems” embodies the fundamental values of peace, openness, harmony and sharing. These are also the intrinsic values behind the Convention.
     
    Hong Kong is a well-known world-class international financial, trading and shipping centre. Its geographical location, well-developed transportation services and liberal immigration policy ensure that people from around the world may and can come here easily. Hong Kong is also one of the safest and most friendly cities in the world. We offer diversified services in different aspects to suit the needs of people speaking different languages coming from different cultures, religions and countries.
     
         But most importantly in the present context, under the principle of “one country, two systems”, Hong Kong is the only common law jurisdiction in China, and the only bilingual common law jurisdiction using both Chinese and English in the world. We have a strong pool of legal professionals coming from different jurisdictions who specialise and are experienced in international dispute resolutions. The legal system of, and the legal services provided by, Hong Kong are highly international, reputable and efficient. It is undoubtedly an international legal services and dispute resolution services centre.
     
         Hong Kong has been a keen supporter of mediation. The HKSAR Government has formulated a comprehensive set of policy initiatives, which aim at deepening the mediation culture in Hong Kong. For example, the Policy Statement on the Incorporation of Mediation Clauses in Government Contracts was issued in November 2024. As a matter of general policy, the Government will incorporate a mediation clause in all government contracts. By taking the lead, it is hoped that private entities would be encouraged to include mediation clauses in their contracts, thereby deepening our “mediate first” culture.
     
         Turning to capacity building regarding international mediation, since 2018, the Department of Justice has been co-organising with reputable international organisations, almost on a yearly basis, Investment Law and Investor-State Mediator Training in Hong Kong. The Hong Kong International Legal Talents Training Academy under the Department of Justice was set up in November 2024, which may collaborate with the IOMed in organising capacity building programmes on international mediation in future.
     
         Hong Kong is also continuously seeking to foster legal co-operation with other jurisdictions. It is our honour that, in a moment, the Department of Justice of the HKSAR Government will sign a Memorandum of Co-operation with Cambodia.
     
         On this very happy and positive note, I would like to conclude by wishing you all a very fruitful and constructive Forum this afternoon. Thank you very much.
     

    MIL OSI Asia Pacific News –

    May 30, 2025
  • MIL-OSI New Zealand: Man to appear in court after driving with excess breath alcohol, Oamaru

    Source: New Zealand Police

    Southern Police are urging motorists to drive safe this holiday weekend after a driver was arrested and charged with excess breath alcohol.

    At around 5.20pm, Oamaru Police were notified by a member of the public of a vehicle driving dangerously on State Highway One.

    A Police unit saw the vehicle on the main street of Oamaru and signalled the vehicle to stop.

    The 31-year-old man driving from Christchurch to Invercargill returned a breath alcohol result over five times the legal limit.

    The man was taken into custody at the scene.

    Police know there are four factors that can lead to fatalities and serious injuries on our roads – restraints, impairment through alcohol and drugs, distractions, and speed.

    Motorists are urged to take greater responsibility on our roads and ensure everyone in their vehicle is able to reach their destination safely.

    Police would like to thank the member of the public who reported the driving behaviour.

    The 31-year-old man is due to appear in court at a later date.

    If you see unsafe driving behaviour, or someone is in immediate danger, please call 111 as soon as possible.

    You can also report non-emergencies or matters after the fact through 105.

    ENDS

    Issued by Police Media Centre

    MIL OSI New Zealand News –

    May 30, 2025
  • MIL-OSI New Zealand: Fatal crash, Newtons Road, Templeton

    Source: New Zealand Police

    One person has died following a serious crash in Templeton this afternoon.

    At around 2.45pm, emergency services were called to the intersection of Dawson Road and Newton Road.

    The crash involved a truck and two cars.

    Sadly, one person died at the scene. Our thoughts are with their family at this difficult time.

    The Serious Crash Unit has conducted a scene examination and the road is now open.

    While Police’s investigation into the circumstances of the crash are ongoing, Police would like to remind motorists to take care on our roads.

    Drive sober, remove distractions, wear your seatbelt, and stick to the speed limit to ensure you get to your destination safely

    ENDS

    Issued by Police Media Centre

    MIL OSI New Zealand News –

    May 30, 2025
  • MIL-OSI New Zealand: Police recover 365 pieces of pounamu, West Coast

    Source: New Zealand Police

    West Coast Police have recovered 365 pieces and boulders of pounamu that had been stolen from the Jackson River, following a report made by a member of the public.

    On Wednesday 28 May, Inspector Tracey Wharehoka was notified by Te Rūnanga o Makaawhio, representing the local hapū Ngāi Māhaki, located in South Westland, that a vehicle had reportedly been seen heading up the river by a member of the public, and it appeared the occupants were collecting pounamu.

    Public fossicking for pounamu is only allowed on beaches. Rivers are able to be fossicked by Ngāi Tahu members, but only with a permit from their local hapū to do so legally, which the people linked to the vehicle and trailer did not have.

    With some quick discussion, a decision was made to deploy staff from Franz Joseph to locate and intercept the vehicle.

    Police were successful in stopping the vehicle and recovered the stolen pounamu. This matter will be continued to be investigated and through the resolution process the pounamu will be returned to the hapū.

    Inspector Wharehoka says Police take pride in working alongside local hapū, and the theft of pounamu is treated with the same value and mindset that would be taken with other stolen property.

    “We are pleased we were able to move quickly and intercept these alleged thieves in the act.

    “People are often under the impression that because some of these West Coast locations are remote, no one else is watching.

    “This incident proves that is simply not true, and our tight-knit community have their eyes and ears switched on for any unusual activity.”

    Te Rūnanga o Makaawhio chairman, Paul Madgwick expressed the thanks of the iwi for the swift response of Police for what has been an ongoing problem with theft of their taonga, especially in these remote areas.

    “While the Vesting Act confirms that all pounamu is owned by Ngāi Tahu, our respective pounamu management plans provide an opportunity for the public to fossick freely on the beaches, and also recognise the right of Ngāi Tahu members to collect pounamu themselves, within boundaries.

    “Anyone who is unsure of the rules around pounamu gathering, or has pounamu in their possession and is unclear about ownership, whether they’re the general public or Ngāi Tahu whanau, is urged to reach out to the local Rūnanga to understand what is permissible.”

    Inspector Wharehoka says the protection and recovery of pounamu is just as much about education and knowledge as it is about detection and enforcement.

    Two men, aged in their 30s were spoken to at the time of the incident. Police are investigating the matter and charges are being considered.

    “We will continue to work with local iwi and those involved for the best action and outcome for all,” says Inspector Wharehoka.

    ENDS

    Issued by Police Media Centre

    MIL OSI New Zealand News –

    May 30, 2025
  • MIL-OSI Australia: A LEGO-lover’s guide to Canberra

    Source: Northern Territory Police and Fire Services

    Join Roundabout Canberra, with special thanks to Goodies Junction, for the Great LEGO Sale 2025.

    In brief:

    • There are lots of things for LEGO and block enthusiasts to do in Canberra.
    • This article includes a list of upcoming events and activities for all ages.

    Does your child love blocks and LEGO?

    Young builders can find plenty of options right here in Canberra.

    From epic exhibitions to rainy-day activities, we’ve gathered some ideas to satisfy every brick-head.

    Of course, many of these are just as relevant to Adult Fans of LEGO (AFOLs) too.

    Libraries ACT Brick Club Challenge

    Libraries ACT run a Brick Club Challenge.

    It’s a great option for some school holiday fun or rainy-day activity.

    Kids can find inspiration in online story time videos. There’s a list of fun ideas to get their creative juices flowing. Once they’ve chosen, it’s time to get stuck into their LEGO, or other building materials.

    Keen builders can have their grown-up share a photo of their handiwork on the Libraries ACT Facebook page.

    Find the Challenge on the Libraries ACT website.

    The Canberra Brick Show

    The Canberra Brick Show is Canberra’s ultimate LEGO fan event.

    Hosted by the Canberra LEGO User Group, this year’s event will be on 1–2 November at Thoroughbred Park.

    Grab a ticket to see over 300 tables of amazing displays, exhibits and vendors from around Australia.

    LEGO fans of all ages are welcome at this weekend of brick-filled fun.

    Learn more about the event.

    Join the Canberra LEGO User Group (CLUG)

    CLUG is a non-profit association which aims to share techniques and ideas for building LEGO projects.

    Members also showcase projects at local and interstate Lego exhibitions.

    Join the CLUG private Facebook group.

    The Roundabout Canberra Great LEGO Sale 

    Looking to add to your collection while supporting Canberra families in need?

    Each year, Roundabout Canberra runs its Great LEGO Sale.

    Organised in partnership with Goodies Junction, the sale is at the Albert Hall.

    Every dollar raised goes directly to Roundabout Canberra. This helps them provide essential baby and children’s items to families in need.

    Visit the Roundabout Canberra website for more details.

    Bricks @ Woden School

    The Bricks @ Woden School takes place each year to wow LEGO lovers young and old.

    This family-friendly event is held at the school. Funds go towards important projects for students with special needs.

    Visit to see amazing LEGO displays of all sizes.

    This event is coordinated by the Woden School in association with the Canberra Lego User Group and the Woden School Parents & Citizens Association.

    Find out on The Woden School website.

    A different type of block: BlocHaus Bouldering

    BlocHaus Fyshwick has a dedicated space for kids aged 5–12 years. This area allows kids and their families to enjoy climbing together.

    The gym also runs facilitated kids’ programs. Kids learn to get the most from bouldering and their developing skills.

    As with every LEGO build, every climb is a puzzle. The key is experimenting with how your body moves to figure it out.

    BlocHaus’s Mitchell gym is for visitors aged 12+.

    Find out more about BlocHaus.

    The family-friendly Bricks @ Woden School event is held annually.

    Read more like this


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    MIL OSI News –

    May 30, 2025
  • MIL-OSI United Kingdom: UK-supported peacebuilding and mediation capabilities event a success

    Source: United Kingdom – Executive Government & Departments

    World news story

    UK-supported peacebuilding and mediation capabilities event a success

    A four-day colloquium on Peacebuilding and Mediation Capabilities successfully concludes in Honiara, Solomon Islands on Friday 30 May 2025.

    A group photo of all the women participants with British High Commissioner to Solomon Islands and Nauru, His Excellency Paul Turner.

    Supported by the UK International Development and Australian Aid and organised by the Pacific Women Mediators Network (PWMN), the inaugural colloquium aims to commemorate and uplift the legacy of the Pacific Islands Women-led peacebuilding initiatives, reaffirming the role of women in peace and security efforts.

    It also aims to demonstrate the intersectionality of feminist perspectives and the Gender, Women, Peace and Security (WPS) in the Pacific Islands region. Additionally, the meeting also aims to reaffirm gender equality, women’s rights, and the inclusion of women’s voices and experiences in all aspects of peace and security work.

    Enhancing visibility of Pacific Islands women-led and civil society led mediation and peacebuilding initiatives responding to priority issues including Climate Security and Climate Justice, Self Determination and Gender Equality are also part of the meeting.

    The regional meeting that began on Tuesday 27 May 2025 also aims to connect national conversations with regional inter-governmental and global processes including the United Nations Peacebuilding Architecture Review (PBAR).

    It is a cross – regional learning opportunity that will enable the founding members of PWMN and youth leaders, civil society allies, including faith and traditional leaders to identify ways to move beyond surface-level calls to implement WPS and towards realising the full vision of the Gender and WPS agenda in practice.

    Speaking at the inaugural colloquium on Tuesday 27 May, British High Commissioner to Solomon Islands and Nauru, His Excellency Paul Turner said:

    Women have been at the forefront of peace movements across the world. I saw this first hand when I was working on Northern Ireland and Bosnia in the 1990s. It was women who reached out across communities in these places, who refused to let walls of blood divide people and keep them in conflict. The UK Government remains steadfast in its support for this initiative as we strengthen the global network of women in peace building.

    Held ahead of the 25th anniversary of the adoption of the UN Security Council Resolution 1325 (Women, Peace and Security), and the 54th Pacific Islands Forum Leaders Meeting that will convene in Honiara in September 2025, it is expected Pacific Forum Leaders will adopt their Guidance Note on Women, Peace and Security and the Ocean of Peace Declaration.

    The UK has a global commitment to UN Security Council Resolution 1325 on Women, Peace and Security. We are proud to support the ambitions of the Pacific Islands Forum in promoting this agenda and supporting its members to embed its ideals across the region, as well as grassroots networks and organisations working to protect and uplift women in the Pacific.

    The UK has five Strategic Objectives for Women Peace and Security in its National Action Plan, which are as relevant in the Pacific as elsewhere in the world. They include:

    • increasing women’s meaningful participation, leadership and representation in decision-making processes
    • preventing gender-based violence, including conflict-related sexual violence, and supporting survivors to cope, recover and seek justice
    • supporting the needs of women and girls in crises and ensuring they can participate and lead in responses
    • increasing the accountability of security and justice actors to women and girls and ensuring they are responsive to their rights and needs
    • ensuring we respond to the needs of women and girls as part of our approach to transnational threats

    The colloquium concluded on Friday 30 May 2025.

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    Published 30 May 2025

    MIL OSI United Kingdom –

    May 30, 2025
  • PM Modi to launch ₹48,500 crore development projects in Bihar today

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi is set to unveil development projects worth ₹48,500 crore during his visit to Bikramganj in Bihar’s Rohtas district on Friday. His address at a large public rally will mark the launch and foundation laying of key infrastructure and welfare initiatives aimed at accelerating Bihar’s growth across sectors like transportation, energy, and connectivity.

    Ahead of the Prime Minister’s arrival, Chief Minister Nitish Kumar and Governor Arif Mohammad Khan are expected to reach the venue. The rally site, sprawling across 444 acres, has been extensively prepared with a large stage, massive canopy, and elaborate floral decorations, with flowers sourced from Kolkata and Patna. Local artisans worked through Thursday to complete the arrangements.

    Security has been tightened with over 5,000 personnel deployed at the venue. The force includes 10 Superintendents of Police, 50 Deputy SPs, and over 1,000 inspectors and sub-inspectors. A total of 250 checkpoints have been established, and temporary police stations, ambulances, and fire engines are also stationed on-site. The District Magistrate and Superintendent of Police are personally overseeing the arrangements.

    From the rally platform, PM Modi will inaugurate or lay the foundation stone for several big-ticket projects. These include key road and railway upgrades such as the Patna-Gaya-Dobhi four-lane road, a four-lane elevated corridor in Gopalganj, and third railway lines between Sonnagar-Muhammadganj and Kajart Nawadih-Sonnagar. He will also inaugurate three 800 MW power units under Phase II of the Navinagar thermal plant and major national highways including the Varanasi-Ranchi-Kolkata six-lane expressway.

    Additional projects include the automatic block signalling system from Sasaram to Anugrah Narayan Road, a new Ganga bridge between Buxar and Bharauli on NH-92, and the extension of NH-119D from Ramnagar to Kachchi Dargah. PM Modi will also inaugurate the new five-platform railway terminal at Harding Park in Patna, as well as facilities like hostels and staff quarters in Jehanabad.

    With thousands of supporters expected to attend, the rally is not only a platform for announcing development projects but also carries political significance. The visit is seen as a key moment for strengthening the BJP’s organisational base in the state ahead of the upcoming Assembly elections. 

    -IANS

    May 30, 2025
  • MIL-OSI Australia: Workpace death at Elizabeth South

    Source: New South Wales – News

    Police are preparing a report for the coroner following the death of a man at Elizabeth South this morning.

    Emergency services were called to Phillip Highway just before 10.30am on Friday 30 May after reports a man had become trapped in machinery.

    Sadly the 38-year-old man from Para Hills West died at the scene.

    Safework SA have been advised of the incident.

    There are no suspicious circumstances surrounding the death.

    MIL OSI News –

    May 30, 2025
  • MIL-OSI Asia-Pac: Mediation body established in HK

    Source: Hong Kong Information Services

    Chief Executive John Lee

    I am delighted to join you on this historic occasion: to celebrate with you the signing of the Convention on the Establishment of the International Organization for Mediation (IOMed).

    Gathered here today, in the Hong Kong Special Administrative Region of the People’s Republic of China, are high-level representatives of over 80 countries from Asia, Africa, Latin America and Europe; and from the United Nations and about 20 international organisations. A very warm welcome to Hong Kong!

    It is a privilege for us to host this signing ceremony, and to serve as the IOMed headquarters, once the convention enters into force.

    This singular occasion is made possible by the ongoing and dedicated efforts of China, our country, in working with around 20 states, since late 2022, to establish an intergovernmental organisation devoted to mediation. After five rounds of intensive negotiation since 2023, co-ordinated by the IOMed Preparatory Office, the negotiating states concluded the very convention signed today.

    The IOMed will become the world’s first intergovernmental international legal organisation dedicated to resolving international disputes through mediation. It also reflects our shared confidence in mediation as a peaceful means to maintain international peace and security, as stipulated in the Charter of the United Nations.

    The IOMed will provide a pathway for countries – regardless of culture, language and legal system – to resolve international disputes based on mutual respect and understanding. This is increasingly important amid mounting geopolitical tensions. When protectionism threatens to derail the international trade order, and when unilateralism looms over global supply chains, it is dialogue – not division – that restores balance.

    China has long championed equity and unity. The Chinese virtue of “和而不同”, meaning “harmony in diversity”, is deeply rooted in our community and culture. This value of mutual respect in spite of differences also sits at the heart of mediation, the IOMed, and a world that seeks co-operation over conflict.

    Despite geopolitical turbulence, Hong Kong builds bridges, not walls. Under our unique “one country, two systems” principle, Hong Kong is the only world city that enjoys both the China advantage and the global advantage. With the support of the National 14th Five-Year Plan, Hong Kong has risen as an international legal and dispute resolution services centre in the Asia-Pacific region.

    We are the only common law jurisdiction in China, and the only jurisdiction in the world with a bilingual common law system in both Chinese and English. We have a long tradition of the rule of law, and our courts exercise their judicial power independently. Hong Kong’s Court of Final Appeal, which is vested with the power of final adjudication, has on its bench eminent jurists from both Hong Kong and overseas common law jurisdictions.

    Our robust, efficient and well-respected legal system is supported by world-class legal and dispute resolution professionals. Often bilingual or even multilingual, they are well-versed in international rules and practices, and help to position Hong Kong as a preferred venue for dispute resolution.

    In this year’s International Arbitration Survey, Hong Kong is the most preferred seat of arbitration in the Asia-Pacific region, and shares second place globally with another jurisdiction. Our economy also came first in business legislation and international trade in the World Competitiveness Yearbook. In the latest Business Ready Report published by the World Bank Group, Hong Kong ranks eighth in dispute resolution among the 50 economies covered.

    All this underscores Hong Kong’s effectiveness as a super connector and super value-adder among many economies. We contribute to cross-border investment and economic activity through our top-notch professional services. Our “one country, two systems” advantages make us well-placed to be the headquarters of the important institution of the IOMed.

    The Hong Kong Special Administrative Region Government is devoted to supporting the IOMed’s provision of friendly, flexible, economical and efficient mediation services. We actively promote a vibrant culture of mediation. In fact, it is a general policy to incorporate a mediation clause in all government contracts. We are also enhancing the system on local accreditation and disciplinary matters of the mediation profession.

    And we go all out to build bridges with the world. Hong Kong will actively promote the IOMed’s valuable work in settling international disputes through mediation, and advocate mediation as a global tool for peace and justice across borders.

    Ladies and gentlemen, the establishment of the IOMed’s headquarters in Hong Kong is a great honour for our city. The headquarters, as you may know, will be based in the building that once housed the Wan Chai Police Station, just a stone’s throw away from here. Built in 1932, this iconic building has a long association with law and order in Hong Kong. From its prime downtown location, it has also witnessed the transformation of our city that has long treasured unity. In its new role as the IOMed headquarters, the building will play a vital part in the future of Hong Kong as a centre for international legal and dispute resolution services.

    We are working to complete the conversion of the building for its new mission. I am happy to say that it could open its doors as early as the end of this year. We look forward not only to welcoming its new occupants, but also to supporting them in building new bridges for a more connected, peaceful and prosperous future through mediation.

    I would like to express my sincere gratitude to the central government for its staunch support of Hong Kong, allowing Hong Kong the honour of housing the IOMed headquarters here. My sincere gratitude also goes to the international community, for placing your trust and confidence in our city. Let’s renew our commitment to peace, justice and the rule of law. Let’s cultivate a mediation culture together. Let’s build a strong IOMed for a global community of shared future founded on peace and prosperity. Please enjoy the day and enjoy Hong Kong. Thank you.

    Chief Executive John Lee gave this speech at the Signing Ceremony of the Convention on the Establishment of the International Organization for Mediation on May 30.

    MIL OSI Asia Pacific News –

    May 30, 2025
  • MIL-OSI Global: Will elections for judges make Mexico the ‘most democratic country in the world’? Critics fear the opposite

    Source: The Conversation – Global Perspectives – By Luis Gómez Romero, Senior Lecturer in Human Rights, Constitutional Law and Legal Theory, University of Wollongong

    On Sunday, Mexico will hold an unprecedented election, becoming the first country in the world to allow voters to elect judges at every level.

    Voters will elect approximately half the judges in the country on June 1 – from the nine members of the Supreme Court down to 850 federal judges and thousands more at lower levels. In 2027, a second vote will see the rest of Mexico’s judiciary elected.

    As part of the overhaul, the country’s merit-based, career judiciary system will be abolished. Instead, all judges will serve nine-year terms, renewable by popular vote.

    The election had been championed by former president Andrés Manuel López Obrador and embraced by his successor, Claudia Sheinbaum, who took office in October.

    Sheinbaum has proclaimed Mexico will be “the most democratic country in the world” because the people will now choose all three branches of government.

    Critics are not so sure. Some are calling the process a cynical farce. Others warn it will concentrate power in Morena, the ruling party, and its political allies, dismantling the country’s system of checks and balances.

    Critics also warn that inexperienced judges could be elected, or those who could be influenced by organised crime. Some candidates themselves have been investigated for crimes, and at least two are former defence attorneys for drug cartels.

    Former president Ernesto Zedillo, currently director at the Yale Centre for the Study of Globalisation, has gone so far as to declare that democracy itself “has come to an end” in Mexico.

    Why reform the judiciary?

    During his time in office from 2018–2024, López Obrador waged a rhetorical battle with Mexico’s courts, accusing judges of serving the elites and blocking his agenda.

    In truth, what irked López Obrador was the fact the courts wielded the power to review and restrain his actions through constitutional oversight.

    Sheinbaum seems to share his hostility towards the judiciary. Arturo Zaldívar, a former Supreme Court chief justice who designed the judicial reform system and later joined Sheinbaum’s cabinet, has accused the outgoing chief justice, Norma Piña, of being “a force of opposition allied with the oligarchy”.

    In September 2024, Morena used its congressional super-majority to ram through a series of constitutional amendments to enact the judicial reform.

    In response, judges walked off the job. Court staff, lawyers and law students took to the streets in support of their strike, some carrying banners reading “justice is not a popularity contest”.

    Experts note the reform does nothing to fix Mexico’s real justice problems – the rampant corruption and abuse that plagues the system. The institutions that allow criminals to act with impunity are not the courts, but the prosecutors and police.

    Human Rights Watch reports that nearly half of Mexicans have “little or very little confidence” in the country’s justice authorities. Nine in ten Mexicans don’t even bother to report crimes.

    The perils of judicial elections

    Electing judges is an idea fraught with peril. International human rights law treats an independent judiciary as a basic human right. Article 8 of the 1978 American Convention on Human Rights – an international treaty for North, Central and South America – guarantees every person “a hearing by a competent, independent and impartial tribunal.”

    Popular elections invite precisely the opposite. As UN experts caution, election campaigns will inevitably inject “political loyalty or alignment with party interests” into judge selection, rather than competence and impartiality.

    In addition, leading legal theorists have long warned that politicising the judiciary undermines the rule of law.

    US jurist Ronald Dworkin argued judges must decide according to principles – not political winds. Italian jurist Luigi Ferrajoli’s notion of a “guarantee-based” democracy – which is hugely influential in Latin America – likewise insists judges be insulated from party bargaining.

    Even in the United States, where some states hold judicial elections, scholars lament their corrosive effects.

    As one study notes:

    Wealthy people and corporations can pump lots of money […] to elect and reelect judges who decide cases the way they want.

    Opponents of billionaire Elon Musk critiqued his decision this year to pour US$21 million (A$33 million) into the campaign of a conservative candidate for the Wisconsin Supreme Court. In a comment he posted on X, Musk said he didn’t expect to win but “there is value to losing a piece for positional gain.”

    Bolivia offers another cautionary tale. Beginning in 2011, Bolivia has held elections for the judges on its top courts in an effort to “decolonise” the justice system and fight corruption.

    In practice, though, only judges pre-approved by the ruling party’s congressional majority make the ballot. Voters, too, know little about the candidates. Turnout is very low.

    Courts increasingly under attack

    Mexico’s justice system, indeed, needs reform. But its multiple problems will not be solved with the wholesale politicisation of the courts.

    As Argentine scholar Roberto Gargarella bluntly observes, electing judges in this way is “one of the greatest institutional tragedies of our time.”

    Mexico’s reform effort threatens to turn the courts into just another party apparatus. In that sense, Mexico joins a disturbing global trend. From Washington to Brasília, populist leaders are increasingly attacking the courts as the enemies of the people.

    With courts in Mexico potentially beholden to the government or influenced by organised crime, neutral judges may become much harder to find. If history teaches anything, it’s that the night of authoritarianism grows darker when the last judges are gone.

    Luis Gómez Romero does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Will elections for judges make Mexico the ‘most democratic country in the world’? Critics fear the opposite – https://theconversation.com/will-elections-for-judges-make-mexico-the-most-democratic-country-in-the-world-critics-fear-the-opposite-257730

    MIL OSI – Global Reports –

    May 30, 2025
  • MIL-OSI Australia: Super funds paying personal financial advice fees

    Source: New places to play in Gungahlin

    We’ve released our Practical Compliance Guide (PCG) that addresses the amendments made to the Income Tax Assessment Act 1997 (ITAA 1997) under Schedule 1 of the Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Act 2024.

    The PCG sets out a methodology that super funds can use to determine the extent to which payments of financial advice fees satisfy paragraph (d) of table item 5 of subsection 295-490(1) of the ITAA 1997. This section of the guidance doesn’t apply to SMSFs.

    The PCG also outlines our compliance approach that applies to all super funds, including SMSFs, in relation to a super fund’s obligation to withhold from payments for personal financial advice fees in the income years prior to 1 July 2019.

    To read the PCG, visit PCG 2025/1.

    Keep up to date

    We have tailored communication channels for medium, large and multinational businesses, to keep you up to date with updates and changes you need to know.

    Read more articles in our online Business bulletins newsroom.

    Subscribe to our free:

    • fortnightly Business bulletins email newsletterExternal Link
    • email notifications about new and updated information on our website – you can choose to receive updates relevant to your situation. Choose the ‘Business and organisations’ category to ensure your subscription includes notifications for more Business bulletins newsroom articles like this one.

    MIL OSI News –

    May 30, 2025
  • MIL-OSI New Zealand: West Coast warrants

    Source: New Zealand Police

    West Coast Police have executed 10 search warrants across the Westport and Greymouth area this week, in relation to organised crime in the wider region.

    West Coast staff worked alongside colleagues from the Te Waipounamu Gang Distribution Unit (GDU) and the Tasman District Organised Crime Unit (TDOCU).

    While undertaking the warrants Police located :
    – More than a kilo of cannabis
    – A vehicle sought in relation to a hit and run crash
    – A pistol
    – An illegal bar operating.

    Two men appeared at Greymouth District Court on Wednesday the 28th May charged with Assaults police and Possession of cannabis for supply, to further appear on the 18th June.

    Two more men will appear at Greymouth District Court on Wednesday the 4th June, facing charges of Unlawful possession of a firearm and Operating a bar without a licence.

    Police have gained further information from the execution of these warrants and further arrests have not been ruled out.

    West Coast Area Commander, Inspector Hamish Chapman says, “The activities this week demonstrate the commitment Police has to drive down and disrupt organised and gang related crime and the harm it has on our communities.”

    ENDS

    MIL OSI New Zealand News –

    May 30, 2025
  • Judge blocks Trump ban on Harvard’s international students

    Source: Government of India

    Source: Government of India (4)

    A federal judge said on Thursday she would extend an order blocking President Donald Trump’s administration from immediately revoking Harvard University’s ability to enroll international students, a victory for the Ivy League school that is entangled in multiple battles with the administration.

    U.S. District Judge Allison Burroughs in Boston announced her intention to issue a preliminary injunction, six days after she first granted Harvard a temporary order blocking the Trump administration’s move.

    As the court hearing unfolded on Thursday morning, thousands of Harvard students were receiving their degrees at the school’s commencement ceremony on campus about 5 miles (8 km) away.

    University President Alan Garber, who received a standing ovation, welcomed graduating students “from down the street, across the country and around the world,” drawing applause for the last words.

    “Around the world – just as it should be,” he added.

    The Trump administration has launched a multifront attack on the nation’s oldest and wealthiest university, freezing billions of dollars in grants and other funding, proposing to end its tax-exempt status and opening an investigation into whether it discriminated against white, Asian, male or straight employees or job applicants.

    Revoking Harvard’s ability to enroll international students would be damaging, the school says. More than a quarter of the student body is international; nearly 60% of the graduate students at the prestigious Harvard Kennedy School hail from other countries.

    The attack on Harvard is part of the administration’s broader effort to pressure higher education institutions to align with its policy agenda.

    On Wednesday, Secretary of State Marco Rubio said the administration would start “aggressively” revoking visas issued to Chinese students attending U.S. schools, including those with ties to the Chinese Communist Party and those studying in critical fields, which he did not specify.

    More than 275,000 Chinese students are enrolled in hundreds of U.S. colleges, providing a major source of revenue for the schools and a crucial pipeline of talent for U.S. technology companies. The decision prompted despair and frustration among students who have offers to attend next year.

    Prior to Rubio’s announcement, the offensive against U.S. colleges had largely been confined to Ivy League schools such as Harvard, Columbia and the University of Pennsylvania, which it has accused of left-wing bias and antisemitism.

    Lynn Pasquerella, president of the advocacy group American Association of Colleges and Universities, said the Trump administration’s targeting of international students would have negative consequences for schools and the U.S.

    “Chinese students, in particular, now that they’re being faced with hyper-scrutiny, are looking elsewhere,” she said. “That is a huge loss for us. It’s a brain drain.”

    JUDGE SKEPTICAL

    The court hearing before Burroughs took place shortly after the administration softened its stance in an apparent effort to refute Harvard’s legal arguments in advance.

    Late Wednesday night, the U.S. Department of Homeland Security sent a notice to Harvard saying it would now give the university 30 days to submit evidence contesting the administration’s plan to revoke Harvard’s right to enroll non-U.S. students.

    The notice signaled a change in course for DHS, which had said last week that the revocation was effective immediately. In its lawsuit challenging the move, Harvard argued that DHS had violated federal administrative procedure.

    During the court hearing, U.S. Department of Justice attorney Tiberius Davis argued there was now no need for a court order blocking the administration’s actions, since Harvard could challenge them via an administrative process.

    But Burroughs, an appointee of Democratic former President Barack Obama, said she believed a broad preliminary injunction protecting Harvard and students was necessary while that process played out.

    She expressed skepticism that Harvard’s fate would be any different at its conclusion, saying, “Aren’t we still going to end up back here at the same place?”

    She also questioned whether the administration had fully complied with her temporary restraining order, pointing to a declaration Harvard submitted on Wednesday that said visas for incoming students had been recently revoked.

    Burroughs said the temporary order would remain in effect while lawyers for both sides negotiate over the terms of the injunction.

    Harvard has called DHS’s action part of an “unprecedented and retaliatory attack on academic freedom.” The school is pursuing a separate lawsuit challenging the administration’s decision to terminate nearly $3 billion in federal research funding.

    Harvard argues the Trump administration is retaliating against it for refusing to accede to its demands to control the school’s governance, curriculum and the ideology of its faculty and students.

    In announcing the initial decision to revoke Harvard’s certification, Homeland Security Secretary Kristi Noem, without providing evidence, accused the university of “fostering violence, antisemitism, and coordinating with the Chinese Communist Party.”

    She accused the school of refusing to comply with wide-ranging requests for information on its student visa holders, including whether they engaged in any activity that was illegal, violent or subjected them to discipline.

    The department’s move would prevent Harvard from enrolling new international students and require existing ones to transfer to other schools or lose their legal status.

    (Reuters)

    May 30, 2025
  • MIL-OSI New Zealand: Police to have visible presence in Central Hawke’s Bay over long weekend

    Source: New Zealand Police

    To be attributed to Inspector Lincoln Sycamore, Hawke’s Bay Area Commander:

    Hawke’s Bay Police will be maintaining a visible presence in Central Hawke’s Bay over King’s Birthday Weekend, with a large gathering of gang members taking place in the area.

    While the gathering will take place over the weekend at a marae that is away from main roads, Police do expect some travel around Central Hawke’s Bay by the gang members, particularly on the morning of Sunday 1 June.

    Hawke’s Bay Police have planning in place to minimise disruption to Central Hawke’s Bay residents, as well as holidaymakers visiting our region for King’s Birthday weekend.

    We have spoken to those organising the gathering and encourage all attendees to respect our local communities and not engage in any unsafe driving behaviour or unlawful activity.

    If anyone does witness unsafe driving behaviour or unlawful activity, please report it immediately to 111.

    ENDS
     

    Issued by Police Media Centre. 

    MIL OSI New Zealand News –

    May 30, 2025
  • MIL-OSI Australia: Have your say on the City’s new website

    Source: South Australia Police

    The City of Wanneroo is building a new website and we want your help to make it better.

    Our aim is to create a modern, user-friendly website that makes it easier for you to find information and access services online. To make sure it works for everyone, we’re asking our community to get involved.

    Have your say

    Take our short survey to tell us what you want from the new website. Your feedback will help shape the design and how the site works. The survey is open now and closes on Friday 20 June 2025.

    Join our reference group

    We’re also looking for 12 community members to join a reference group. This group will take part in workshops and testing to make sure the site is easy to use and accessible for all. We’re aiming for a diverse group that reflects our community.

    For more information and to get involved, visit the dedicated Your Say page. Need more help? Call us on 9405 5007 or email communityengagement@wanneroo.wa.gov.au

    There will be more chances to get involved as the project continues. Keep an eye on our website and social media for updates.
     

    MIL OSI News –

    May 30, 2025
  • MIL-Evening Report: Will elections for judges make Mexico the ‘most democratic country in the world’? Critics fear the opposite

    Source: The Conversation (Au and NZ) – By Luis Gómez Romero, Senior Lecturer in Human Rights, Constitutional Law and Legal Theory, University of Wollongong

    On Sunday, Mexico will hold an unprecedented election, becoming the first country in the world to allow voters to elect judges at every level.

    Voters will elect approximately half the judges in the country on June 1 – from the nine members of the Supreme Court down to 850 federal judges and thousands more at lower levels. In 2027, a second vote will see the rest of Mexico’s judiciary elected.

    As part of the overhaul, the country’s merit-based, career judiciary system will be abolished. Instead, all judges will serve nine-year terms, renewable by popular vote.

    The election had been championed by former president Andrés Manuel López Obrador and embraced by his successor, Claudia Sheinbaum, who took office in October.

    Sheinbaum has proclaimed Mexico will be “the most democratic country in the world” because the people will now choose all three branches of government.

    Critics are not so sure. Some are calling the process a cynical farce. Others warn it will concentrate power in Morena, the ruling party, and its political allies, dismantling the country’s system of checks and balances.

    Critics also warn that inexperienced judges could be elected, or those who could be influenced by organised crime. Some candidates themselves have been investigated for crimes, and at least two are former defence attorneys for drug cartels.

    Former president Ernesto Zedillo, currently director at the Yale Centre for the Study of Globalisation, has gone so far as to declare that democracy itself “has come to an end” in Mexico.

    Why reform the judiciary?

    During his time in office from 2018–2024, López Obrador waged a rhetorical battle with Mexico’s courts, accusing judges of serving the elites and blocking his agenda.

    In truth, what irked López Obrador was the fact the courts wielded the power to review and restrain his actions through constitutional oversight.

    Sheinbaum seems to share his hostility towards the judiciary. Arturo Zaldívar, a former Supreme Court chief justice who designed the judicial reform system and later joined Sheinbaum’s cabinet, has accused the outgoing chief justice, Norma Piña, of being “a force of opposition allied with the oligarchy”.

    In September 2024, Morena used its congressional super-majority to ram through a series of constitutional amendments to enact the judicial reform.

    In response, judges walked off the job. Court staff, lawyers and law students took to the streets in support of their strike, some carrying banners reading “justice is not a popularity contest”.

    Experts note the reform does nothing to fix Mexico’s real justice problems – the rampant corruption and abuse that plagues the system. The institutions that allow criminals to act with impunity are not the courts, but the prosecutors and police.

    Human Rights Watch reports that nearly half of Mexicans have “little or very little confidence” in the country’s justice authorities. Nine in ten Mexicans don’t even bother to report crimes.

    The perils of judicial elections

    Electing judges is an idea fraught with peril. International human rights law treats an independent judiciary as a basic human right. Article 8 of the 1978 American Convention on Human Rights – an international treaty for North, Central and South America – guarantees every person “a hearing by a competent, independent and impartial tribunal.”

    Popular elections invite precisely the opposite. As UN experts caution, election campaigns will inevitably inject “political loyalty or alignment with party interests” into judge selection, rather than competence and impartiality.

    In addition, leading legal theorists have long warned that politicising the judiciary undermines the rule of law.

    US jurist Ronald Dworkin argued judges must decide according to principles – not political winds. Italian jurist Luigi Ferrajoli’s notion of a “guarantee-based” democracy – which is hugely influential in Latin America – likewise insists judges be insulated from party bargaining.

    Even in the United States, where some states hold judicial elections, scholars lament their corrosive effects.

    As one study notes:

    Wealthy people and corporations can pump lots of money […] to elect and reelect judges who decide cases the way they want.

    Opponents of billionaire Elon Musk critiqued his decision this year to pour US$21 million (A$33 million) into the campaign of a conservative candidate for the Wisconsin Supreme Court. In a comment he posted on X, Musk said he didn’t expect to win but “there is value to losing a piece for positional gain.”

    Bolivia offers another cautionary tale. Beginning in 2011, Bolivia has held elections for the judges on its top courts in an effort to “decolonise” the justice system and fight corruption.

    In practice, though, only judges pre-approved by the ruling party’s congressional majority make the ballot. Voters, too, know little about the candidates. Turnout is very low.

    Courts increasingly under attack

    Mexico’s justice system, indeed, needs reform. But its multiple problems will not be solved with the wholesale politicisation of the courts.

    As Argentine scholar Roberto Gargarella bluntly observes, electing judges in this way is “one of the greatest institutional tragedies of our time.”

    Mexico’s reform effort threatens to turn the courts into just another party apparatus. In that sense, Mexico joins a disturbing global trend. From Washington to Brasília, populist leaders are increasingly attacking the courts as the enemies of the people.

    With courts in Mexico potentially beholden to the government or influenced by organised crime, neutral judges may become much harder to find. If history teaches anything, it’s that the night of authoritarianism grows darker when the last judges are gone.

    Luis Gómez Romero does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Will elections for judges make Mexico the ‘most democratic country in the world’? Critics fear the opposite – https://theconversation.com/will-elections-for-judges-make-mexico-the-most-democratic-country-in-the-world-critics-fear-the-opposite-257730

    MIL OSI Analysis – EveningReport.nz –

    May 30, 2025
  • MIL-OSI Australia: Statement from Acting Commissioner of NT Police Martin Dole

    Source: Northern Territory Police and Fire Services

    The Northern Territory Police Force acknowledges the tragic death of a 24-year-old man in Alice Springs on Tuesday.

    On behalf of NT Police, I extend sincere condolences to his family, friends and community.

    I contacted both officers directly involved in the incident on Tuesday evening, and I understand the high level of public interest in this matter.

    However, I respectfully reject calls for the investigation to be handed to an external body.

    This incident is being investigated by our Major Crime Division, which operates under strict protocols and with full transparency.

    The investigation will also be independently reviewed by the NT Coroner, who has broad powers to examine all aspects of the incident and make findings without interference.

    I spoke with Senator Malarndirri McCarthy following her suggestion of an independent investigation.

    During the conversation I conveyed to the Senator my complete confidence in the systems of oversight in place in the Northern Territory. They are robust and well established.

    I also expressed my full confidence in our detectives and the independent processes already in place within the NT Police Force.

    We ask the community to allow the investigation to take its course. We are committed to a full and fair examination of the facts.

    MIL OSI News –

    May 30, 2025
  • MIL-OSI New Zealand: Road closed, Newtons Road, Templeton

    Source: New Zealand Police

    Newtons Road, Templeton is closed following a serious crash this afternoon.

    Emergency services received a report of a three-vehicle crash at around 2.45pm at the intersection of Newtons Road and Dawsons Road.

    Initial indications suggest there are serious injuries.

    The road is closed while emergency services are in attendance.

    Motorists are advised to follow diversions and expect delays.

    ENDS

    MIL OSI New Zealand News –

    May 30, 2025
  • MIL-OSI Security: U.S. Marshals Arrest Convicted West Tennessee Bank Robber for Violation of Supervised Release

    Source: US Marshals Service

    Memphis, TN – On May 29, 2025, the U.S. Marshals Service (USMS) arrested Jeffrey Traywick, 59, for Violation of Supervised Release in connection to a West Tennessee bank robbery conviction.

    On January 29, 2014, Traywick was convicted in federal court for robbing a bank on June 28, 2013, in Brownsville, Tennessee. Upon his conviction, Traywick was sentenced to 140 months in federal prison. After serving his sentence, he was released from prison and placed on supervised release. He subsequently violated the conditions of release, and a warrant was issued for his arrest.

    The USMS Two Rivers Violent Fugitive Task tracked Traywick to an address in the 2300 block of Elvis Presley Boulevard in Memphis. Deputy marshals and task force officers took him into custody.

    The U.S. Marshals Service Two Rivers Violent Fugitive Task Force is a multi-agency task force within Western Tennessee. The TRVFTF has offices in Memphis and Jackson, and its membership is primarily composed of Deputy U.S. Marshals, Shelby, Fayette, Tipton, and Gibson County Sheriff’s Deputies, Memphis and Jackson Police Officers, Tennessee Department of Correction Special Agents and the Tennessee Highway Patrol. Since 2021, the TRVFTF has captured over 3,000 violent offenders and sexual predators.

    MIL Security OSI –

    May 30, 2025
  • MIL-Evening Report: ER Report: A Roundup of Significant Articles on EveningReport.nz for May 30, 2025

    ER Report: Here is a summary of significant articles published on EveningReport.nz on May 30, 2025.

    French politicians in New Caledonia to stir the political melting pot
    By Patrick Decloitre, RNZ Pacific correspondent French Pacific desk French national politicians have been in New Caledonia as the territory’s future remains undecided. Leaders from both right-wing Les Républicains (LR) and Rassemblement National (RN), — vice-president François-Xavier Bellamy and Marine Le Pen respectively — have been in the French Pacific territory this week. They expressed

    Elon Musk promises more risky launches after sixth Starship failure
    Source: The Conversation (Au and NZ) – By Sara Webb, Lecturer, Centre for Astrophysics and Supercomputing, Swinburne University of Technology What goes up must come down, and earlier this week yet another of SpaceX’s Starships, the biggest and most powerful type of rocket ever built, came back down to Earth in spectacular fashion. In the

    Tracking crime from the cradle: why some people keep breaking the law while most of us never do
    Source: The Conversation (Au and NZ) – By Ayda Kuluk, PhD Candidate in Criminology and Criminal Justice, Griffith University Alena Lom/Shutterstock A major Australian study tracking more than 80,000 Queenslanders from birth to adulthood reveals stark differences between men and women in patterns of criminal behaviour. These patterns offer insights into effective crime prevention strategies.

    Most of Australia’s conservation efforts ignore climate risks – here are 3 fixes
    Source: The Conversation (Au and NZ) – By Yi Fei Chung, PhD Candidate in Environmental Policy, The University of Queensland Imagine replanting various native species only to have them die because the area is too hot or too dry. Or reconnecting woodland habitat only to lose large tracts to bushfire. Well, our new research suggests

    Earth’s seasonal rhythms are changing, putting species and ecosystems at risk
    Source: The Conversation (Au and NZ) – By Daniel Hernández Carrasco, PhD Candidate in Ecology, University of Canterbury Shutterstock/Colin Stephenson Seasonality shapes much of life on Earth. Most species, including humans, have synchronised their own rhythms with those of Earth’s seasons. Plant growth cycles, the migration of billions of animals, and even aspects of human

    Google is going ‘all in’ on AI. It’s part of a troubling trend in big tech
    Source: The Conversation (Au and NZ) – By Zena Assaad, Senior Lecturer, School of Engineering, Australian National University Google recently unveiled the next phase of its artificial intelligence (AI) journey: “AI mode”. This new feature will soon be released as a new option to users of Google’s search engine in the United States, with no

    People with disability are dying from cancers we can actually prevent, our study shows
    Source: The Conversation (Au and NZ) – By Yi Yang, Research Fellow, Social Epidemiology, Melbourne Disability Institute, Melbourne School of Population and Global Health, The University of Melbourne Chona Kasinger/Disabled and Here, CC BY-SA People with disability are missing out on screening programs that could help detect cancer early, and after diagnosis, are less likely

    Researchers created a chatbot to help teach a university law class – but the AI kept messing up
    Source: The Conversation (Au and NZ) – By Armin Alimardani, Senior Lecturer in Law and Emerging Technologies, University of Wollongong Mikhail Nilov/ Pexels , CC BY “AI tutors” have been hyped as a way to revolutionise education. The idea is generative artificial intelligence tools (such as ChatGPT) could adapt to any teaching style set by

    NSW is again cleaning up after major floods. Are we veering towards the collapse of insurability?
    Source: The Conversation (Au and NZ) – By Kate Booth, Associate Professor of Human Geography, University of Tasmania Once again, large parts of New South Wales have been devastated by floods. It’s estimated 10,000 homes and businesses may have been damaged or destroyed and the Insurance Council of Australia reports more than 6,000 insurance claims

    Talk to Me was a rollercoaster, but the Philippou brothers’ Bring Her Back will trap you in a house of horrors
    Source: The Conversation (Au and NZ) – By Jessica Balanzategui, Associate Professor in Media, RMIT University A24 They may have only made two feature films so far, but Danny and Michael Philippou are already being hailed as Australia’s premiere horror auteurs. Their 2023 debut Talk To Me sparked a bidding war between distributors upon its

    Grattan on Friday: Trump, tariffs and the Middle East are looming challenges for Albanese
    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra Australia these days receives invitations to big-league international conferences. And so Anthony Albanese will be off soon to the G7 meeting in Alberta, Canada, on June 15-17. For the prime minister, what’s most important about this trip is not so

    Radical legal step towards ending impunity for Israel over killing Gaza journalists
    Pacific Media Watch Journalists have been targeted, detained and tortured by the Israeli military in Gaza — and Reporters Without Borders (RSF) has now taken a new approach towards bringing justice these crimes. The Paris-based global media freedom NGO has submitted multiple formal requests to the International Criminal Court (ICC) asking that Palestinian journalists who

    New Australian data shows most of us have PFAS in our blood. How worried should we be?
    Source: The Conversation (Au and NZ) – By Ian A. Wright, Associate Professor in Environmental Science, Western Sydney University New Africa/Shutterstock The Australian Bureau of Statistics (ABS) has this week released new data which tells us about the presence of per- and polyfluoroalkyl substances (PFAS) in Australians’ bodies. The data comes from concentrations measured in

    Labor gains Senate seats in Victoria and Queensland, and surges to a national 55.6–44.4 two-party margin
    Source: The Conversation (Au and NZ) – By Adrian Beaumont, Election Analyst (Psephologist) at The Conversation; and Honorary Associate, School of Mathematics and Statistics, The University of Melbourne Buttons have been pressed to electronically distribute preferences for the Senate in Victoria, the ACT, Queensland and Western Australia. Labor gained a seat from the Liberals in

    Influencer Andrew Tate is charged with a raft of sex crimes. His followers will see him as the victim
    Source: The Conversation (Au and NZ) – By Steven Roberts, Professor of Education and Social Justice, Monash University British prosecutors have this week charged social media influencer Andrew Tate with a string of serious sexual offences, including rape and human trafficking, alleged to have been committed in the United Kingdom between 2012 and 2015. This

    How the North West Shelf expansion risks further damage to Murujuga’s 50,000-year-old rock art
    Source: The Conversation (Au and NZ) – By Benjamin Smith, Professor of Archaeology (World Rock Art), School of Social Sciences, The University of Western Australia Yesterday, new environment minister Murray Watt approved an extension for the North West Shelf liquefied natural gas project. The gas plant at Karratha, Western Australia, will run until 2070. This

    UNESCO expresses ‘utmost concern’ at the state of the Great Barrier Reef
    Source: The Conversation (Au and NZ) – By Jon C. Day, Adjunct Principal Research Fellow, College of Science and Engineering, James Cook University UNESCO’s World Heritage Committee has again raised grave fears for the future of the Great Barrier Reef, highlighting the problems of water pollution, climate change and unsustainable fishing. The committee this week

    Trump’s global trade plans are in disarray, after a US court ruling on ‘Liberation Day’ tariffs
    Source: The Conversation (Au and NZ) – By Susan Stone, Credit Union SA Chair of Economics, University of South Australia A US court has blocked the so-called “Liberation Day” tariffs that US President Donald Trump imposed on imported goods from around 90 nations. This puts implementation of Trump’s current trade policy in disarray. The Court

    30 years ago Australia confronted its Stolen Generation past – then the Howard government blew it
    Source: The Conversation (Au and NZ) – By Anne Maree Payne, Senior Research Fellow, Indigenous Land & Justice Research Group, UNSW Sydney May 2025 marks the 30th anniversary of the establishment of the national inquiry into the forcible removal of Aboriginal and Torres Strait Islander children from their families. Conducted by the Human Rights and

    MIL OSI Analysis – EveningReport.nz –

    May 30, 2025
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