14 European states sign on to new air treaty with unlimited accident

The Montreal Convention, which replaces the 75-year-old Warsaw Convention System on compensation in cases of international air accidents, introduces a two-tier system, the first providing strict liability of up to 100,000 Special Drawing Rights (SDR), or about $135,000, irrespective of a carrier’s fault, and the second, based on presumption of fault, with no limit. The 1929 Warsaw Convention set a limit of 125,000 Gold Francs – or about $8,300 – in case of death or injury to passengers. The Montreal-based International Civil Aviation Organization (ICAO) said 14 European contracting states and the European Union (EU) deposited instruments of ratification and approval on 29 April, meaning the new convention will become effective for them on 28 June. The EU countries are Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Spain, Sweden and the United Kingdom. Norway also ratified the treaty last Thursday. Two other EU countries, Greece and Portugal, ratified it in 2002 and 2003 respectively. The Montreal Convention entered into force on 4 November last year after its ratification by its 30th member – the United States. The number of parties now stands at 52. read more

Gay City worker sues former hedge fund employer for more than £1m

first_imgA gay City worker is suing his former hedge fund employer for more than £1 million over claims he suffered an “unrelenting” campaign of homophobic abuse at work.Paul Newton claimed he was mocked by staff at Balyasny Europe Asset Management as they made limp-wristed hand gestures and told him he should not drive his high-powered Aston Martin.Colleagues also openly made jokes about his sex life, claiming he wanted to have relations with multiple men, and called him “camp” and “effeminate”, treating him like a “curiosity on exhibit”, the 43-year-old alleged. …subjected to unrelenting abuse based on his sexual orientation by his colleaguesWrit Mr Newton, who joined the office in spring 2014, was reportedly fired from his role as an asset manager for poor performance and losses linked to the Brexit vote at the end of June, according to the Evening Standard.He is now suing the firm, which has offices in London, America and Hong Kong, for unfair dismissal as he believes his sacking was the culmination of two-years of abuse.In a writ seen by the paper, Mr Newton described the working environment at the firm as “intimidating, hostile, degrading, humiliating and offensive”.He claimed he was “constantly told that he looked like a woman” because he had long hair and said his colleagues “had the unmistakable assumption that he was extremely promiscuous”. Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily  Front Page newsletter and new  audio briefings. Mr Newton, whose barrister is Lawrence Jones, has since suffered depression and anxiety, and used to cry in his office over the abuse, the writ said.The Central London Employment Tribunal confirmed the dates of the hearing but would not confirm any details.The Telegraph has contacted Balyasny Europe Asset Management for comment but has not yet had a reply. In a statement issued to the Standard, the firm said it would “resist the claim vigorously” and affirmed it was “committed, by policy and ethical commitment, to a work-force free from harassment”. It added that the claims were “without merit”. The hearing is expected to take place on March 15 next year.last_img read more