NCB organizing such events reflects the Bank's vision to promote the industrial and financial knowledge and raising awareness of the economic issues to enhance the efficiency of business community," said AlSharif Khalid Al Ghalib, Corporate Sector Head of NCB, who confirmed that the IPFA conference is a good chance to exchange views and opinions and keeping up to date in the fields of financing large industrial and infrastructure projects.
The conference started with the welcome address by Sikander Zaman, Head of Specialized Finance Group, NCB, and Jeffrey Barratt, senior partner at Norton Rose and a member of IPFA Board.
Jeffery Barratt, partner at Norton Rose, IPFA Board Member & Middle East London Committee Chairman commented:
We were delighted to once again host an IPFA event in the Middle East and this time to have The Rt Hon the Lord Mayor of the City of London, Alderman Roger Gifford attend as our key note speaker.
1016/0090-2616(88)90009-5 International Project Finance Association, IPFA
Supra Note 4 [cited 5 May 2008].
Jeffery Barratt, partner at Norton Rose, IPFA
Board Member & Middle East London Committee Chairman commented, "We were delighted to once again host an IPFA
event in the Middle East and this time to have The Rt Hon the Lord Mayor of the City of London, Alderman Roger Gifford attend as our key note speaker.
The prime purpose of the IPFA is to provide business rules, standards and operating procedures to improve non-urgent cross border credit transfers based on the ISO 20022 message standard through a contractual framework binding the members to these business rules, standards and operating procedures.
April 2010 will see the commencement of live traffic between two IPFA members.
Several IPFA members have commenced planning for the inclusion, into the framework, of the currencies of the following countries; Brazil, Canada, Mexico and South Africa during 2010/2011.
In 2008, Nordion filed an initial court claim against AECL and the Government of Canada for negligence and breach of the IPFA in the amount of $1.
The amended statement of claim under the IPFA seeks damages against AECL for negligence and breaches of the IPFA, among other things, during design and in construction supervision and quality assurance.
The parties have agreed on a preliminary schedule for proceeding in the IPFA claim that provides for the filing of the amended statement of claim by Nordion at this time.