| THE LEGAL HELPLINE
QUESTION: My services were terminated within six months of starting my job for reasons beyond my control. As per my appointment letter, my employment was for an unlimited period, the probation period was three consecutive months, the termination notice period one month and the notice for resignation two months. The salary package is put at QR2,500.
My labour contract with the company contradicts all the above conditions but it is not signed. Please advise company's liability for the unfair termination of services, non-payment of working days/notice period salary, holding of passport and refusal to cancel my visa for more than two months now.
SF, Doha
ANSWER: The appointment letter usually sets employment terms and conditions and if the labour contract contradicts it, then the labour agreement shall prevail because the latter supercedes the former.
PSP Swiss Property – Outstanding result and request for higher ...
During 2006, PSP Swiss Property's net income rose, due to increased rental income and a portfolio revaluation, by 57.2% to CHF 225.3 million (2005: CHF 143.3 million). Net income excluding real estate revaluation rose by 5.4% to CHF 128.3 million (2005: CHF 121.7 million). The Board of Directors proposes a cash payment of CHF 2.20 per share, up 4.8% from CHF 2.10 in 2006. As in the previous year, this payment will be in the form of a nominal value reduction. Remarkable increase of rental income and EBITDA During the reporting year, rental income rose by 5.7% to CHF 239.5 million. (2005: CHF 226.6 million). EBITDA excluding real estate revaluation effects rose even by 8.5% to CHF 205.5 million (2005: CHF 189.3 million). The EBITDA margin improved to 74.1% (2005: 73.9%). Real estate portfolio and revaluation At the beginning of August 2006, a property (office and retail areas) in the centre of Biel was purchased for approximately CHF 26 million.
Countrywide Reports February 2007 Operational Results
CALABASAS, Calif., March 12 /PRNewswire-FirstCall/ -- Countrywide Financial Corporation CFC released operational data for the month ended February 28, 2007. Key operational results included the following: "February mortgage loan fundings were $35 billion, up 10 percent from the same period a year ago," said David Sambol, President and Chief Operating Officer. "Importantly, retail volume was up 11 percent year over year, demonstrating the positive impact from our retail salesforce growth initiatives. In fact, Countrywide captured the #1 spot in retail originations for the fourth quarter of 2006 according to Inside Mortgage Finance. .
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