Contractor charged with failure to maintain worker’s comp, violating work-stop order

first_imgAttorney General William H. Sorrell announced today that his office has charged Williston-based home improvement contractor Donald Bevins with three counts of failing to maintain workers’ compensation insurance and two counts of violating a Vermont Department of Labor Stop Work Order.According to documents on file with the Court, Bevins failed to secure workers’ compensation for two of his employees performing roof repairs in Richmond, Vermont and another employee performing roof repairs in Essex, Vermont. In addition, Bevins continued to perform home repairs in Essex and Essex Junction Vermont after the Department of Labor ordered him to stop working immediately.Bevins pled not guilty to all counts and was released pending trial on the condition that he, any company he has an ownership interest in, or anyone working at his direction or request, not perform any home repair.Anyone with a complaint against Donald Bevins is encouraged to contact the Attorney General’s Consumer Assistance Program at (802) 656-3183 or toll free in Vermont: (800) 649-2424. Source: Attorney General, February 17, 2011last_img read more

Foreign offices

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CMPort Completes Acquisition of Brazil’s Container Terminal

first_imgHong Kong’s China Merchants Port Holdings Company (CMPort) has completed the acquisition of Paranaguá Container Terminal (TCP), the second-largest container terminal in Brazil.Under the terms of the share and purchase agreement inked in September 2017, CMPort has bought a 90% stake in TCP for HKD 7.23 billion (around USD 924 million).The acquisition is said to be the biggest merger and acquisition so far in Brazilian and Latin American port sector.The investment, part of the efforts to implement the “Belt and Road” initiative in the region, is CMPort’s first in Latin America. In addition, the investment represents the first M&A in mature port assets overseas with controlling stake, according to the company.Representatives of CMPort and TCP signed the letter of intent to close the transaction on February 22.“Today’s ceremony definitely represents the perfect opening of Sino-Brazil economic and trade cooperation in 2018… We believe under the support and coordination between China and Brazil, TCP will have a brighter future,” Li Jinzhang, Chinese Ambassador to Brazil, commented on the occasion.“With TCP as the starting point, CMG will continuously promote the commercial and trade cooperation between the BRICS countries, especially in the fields such as Brazil’s integrated logistics, transportation related infrastructure and logistic parks, in order to look for more opportunities on investment, development and operation,” Hu Jianhua, Vice Chairman of CMPort and the Executive Vice President of China Merchants Group Limited, said.Located on the southeast coast of Paraná State of Brazil, TCP has an existing design capacity of 1.5 million TEUs. The terminal, with three container berths, is expected to increase its capacity to 2.4 million TEUs by the end of 2019.last_img read more