Erroneous story regarding legal action in Dubai

I was notified today of a story which appeared in relation to a legal client of mine, the Dublin law firm Anthony Joyce & Co, and two groups of investors whom I also represent. The story appeared on AIB’s ForEx news site after it was fed in via a feed from BusinessWorld.com. The story was written by BusinessWorld but with confusion over two different legal groups of investors and two separate actions.

Here are the corrections from the errors in the story below, which has now been taken down by AIBForEx and Business World, but may have been picked up by investors earlier.

1. Anthony Joyce is currently representing a group of investors called KRI, these are investors in the Kensington Royale Development in Sports City. He is no longer representing the Concerned Dubai Sports City Investors Group, more recently known as the Dubai Action Group, and they are in no way connected to the current action being undertaken by the firm.

2. Whilst Anthony Joyce is currently liaising with MED there are no plans for him or any representative of his firm to travel to Dubai.

3. KRI does not consist of two separate groups, from the Republic of Ireland and Britain, they consist of investors from eight different countries across the globe.

4. At the moment no developer in Dubai is being sued by Anthony Joyce & Co, the KRI Group, or the Dubai Action Group / Concerned Dubai Sports City Investors Group.

If anyone requires any details on either of the parties concerned above then please contact Simon Palmer of Republic PR.

This was the story that appeared….

Irish investors sue Dubai developers

Ends

Wanted man Karl Morris of Simple Overseas Properties

Have you seen Karl Morris?

40 clients of Dublin legal firm Anthony Joyce & Co are looking for Karl Morris to recover over €1m of funds, which they claim they paid him for deposits on properties in the Asilah Beach development in Morocco.

Morris has properties in  Ireland and Spain. He was last seen at his villa in Benalmadena near Malaga in Spain.

A private detective hired by investors cannot find him so Anthony Joyce is issuing a public appeal to find him.

If you have any details about the whereabouts of Karl Morris then please contact Anthony Joyce on + 353 (0) 1 4545 000.

Ends

Siemens wins €8.5m deal

This is article appeared in Irish Sunday newspaper The Sunday Business Post, on 18th July, 2010 and covers the €8.5m equipment and financing deal that the private hospital developer Sheehan Medical awarded to German firm Siemens.

Article from The Sunday Business Post

Siemens wins €8.5m deal
18 July 2010

Healthcare provider Sheehan Medical has awarded an €8.5 million contract to Siemens Healthcare to supply equipment for its new facility, Cork Medical Centre.

Under the agreement, Siemens Financial Services will provide finance for all of the equipment to be used in the hospital. Siemens Healthcare will provide angiography, magnetic resonance imaging and computed tomography, x-ray and ultrasound equipment.

‘‘We have first class technology in all our hospitals and aim to make the Cork Medical Centre the most high-tech facility ever developed in Ireland.

Siemens is an important part of this aim, its ability to provide an integrated approach that covers innovative technology will allow us levels of diagnosis and treatment that will be in unsurpassed in this country,” said James Sheehan, chief executive, Sheehan Medical.

Cork Medical Centre will be the anchor tenant in City Gate, a mixed-use scheme in Mahon.

The €90 million facility will have 75 in-patient rooms, four operating theatres and a same-day surgery centre with 20 out-patient beds. It will also house an intensive care unit and cardiology and neuroscience units.

Sheehan Medical is operated by James Sheehan and his father, Dr Joseph Sheehan, who is chairman. Joseph Sheehan was one of the founders of the Blackrock Clinic in Dublin in 1984.He was also part of the consortium that built the Galway Clinic in 2004.

The Cork Medical Centre, Cork’s new €90m hospital open 16th September, 2010.

The Cork Medical Centre, City Gate, Mahon, Cork.

The Cork Medical Centre, Cork City’s  newest private hospital, the first to open for thirty years, will open it’s doors on 16th September, 2010.

Developed and operated by Sheehan Medical, the €90 million facility will house the latest medical technology from Siemens Healthcare, making it the most technologically advanced hospital ever developed in Ireland.

The Cork Medical Centre will be a 5 star facility providing 75 single in-patient bedrooms, fully sealed with the latest in infection control.  The main focus of the hospital will be surgery; there will be four operating theatres and a same day surgery centre with 20 out-patient beds.

The 135,000 sq ft hospital has the capacity to offer over 39,000 patient treatments per year.

The hospital will also house an intensive care unit; radiology facilities with MRI / CT / X-ray scanners; a cardiology and neuroscience facility. International accreditation, benchmarking and auditing will be provided by an internationally renowned healthcare organization.

“We are delighted to be able to confirm the official opening date and already we have consultants and other medical staff moving into the complex to prepare for the opening,” said Cork Medical Centre’s Chief Operating Officer Philip Sheehan.

All of the big three health insurers are expected to confirm they will cover the hospital in the coming weeks. “We have had positive talks from the VHI since September 2007 and expect to confirm the details in the coming weeks and we are also at advanced stages of confirming with both Aviva and Quinn Healthcare. Cork is massively under-serviced when it comes to private beds with less than half the number per capita.” said Mr Sheehan.

The Cork Medical Centre is the Sheehan’s third venture in Ireland – as they are one of the founders and major shareholders of the Blackrock Clinic in Dublin and the Galway Clinic, both covered by all three health insurers. The group also has strong links with the Loyola University Health System in Chicago – one of the world’s largest health centres and renowned for its research, development and pioneering approach to new treatments.

The opening of the state-of-the art hospital is a major milestone in the development of the City Gate Medical Campus which already houses the largest VHI SwiftCare Clinic in the country and the VHI Medical Centre.

“People of the region deserve a new facility like this on their doorstep rather than having to make a journey elsewhere for the most modern treatment available in world medicine.  A lot of our existing patients in both Blackrock and the Galway clinics are commuting form the Cork area already” added Mr Sheehan.

More photos and videos of the hospital can be viewed at the Cork Medical Centre’s Facebook page http://www.tinyurl.ie/5q. You can also use the Facebook page to ask the Sheehan Medical team questions about the hospital.

Ends

Cork private hospital in €8.5 million finance deal

Below is coverage from today’s Sunday Business Post that covers the deal that Sheehan Medical have signed with Siemens for their new private hospital the Cork Medical Centre.

I have pasted the text in below and also include a link in case you want to the view the article on the SBP’s website.

http://www.thepost.ie/story/ojaucwsnsn/

Cork private hospital in €8.5 million finance deal
04 July 2010 By Susan Mitchell

Backers of a new €90 million private hospital in Cork have just agreed an €8.5 million financing deal over seven years with Siemens Healthcare.

The new Irish private hospital operator, Sheehan Medical, will use the funding to purchase healthcare technology, ICT and diagnostic equipment at the Cork Medical Centre which is due to open in September. It will be the first new private hospital to open in the city for 30 years.

Sheehan Medical signs €8.5m deal with Siemens

Sheehan Medical agrees €8.5m deal with Siemens for Cork’s newest private hospital

Major contract awarded by Cork Medical Centre to supply and finance the latest medical diagnostic technology.

4^th July, 2010. Cork Ireland: Cork is due to get the Ireland’s most high-tech hospital following an announcement today by Irish private hospital operator, Sheehan Medical, that Siemens Healthcare has been awarded the €8.5m contract to provide the healthcare technology and financing for their new private hospital, the Cork Medical Centre.

The new €90m hospital will open in Cork in the September and will be the first new private hospital facility to open in the city for 30 years. Owned by the Sheehan Medical, the Cork Medical Centre will be a technology driven hospital that will lead the field with the newest and most promising interventions for stroke, brain tumours, back pain and other sites of chronic pain.

According to James Sheehan, the Chief Executive of Sheehan Medical, he said a key factor in choosing Siemens was their ability to provide the latest technology to enhance clinical outcomes, plus their ability to support it with financing, ICT and project management ‘‘We have first class technology in all our hospitals and aim to make the Cork Medical Centre the most high-tech facility ever developed in Ireland. Siemens is an important part of this aim, their ability to provide an integrated approach that covers innovative technology will allow us levels of diagnosis and treatment that will be in unsurpassed in this country. The success of this deal marks the next stage of the on-going five year relationship with Siemens whose technology we have used extensively before.”

The contract includes financing for all the hospitals equipment from Siemens Financial Services, the company’s first deal in Ireland. Approximately half €7m the total is for technology from Siemens Healthcare, including a suite of state-of-the-art equipment, including its flagship angiography, magnetic resonance imaging (MRI) and computed tomography (CT), x-ray and ultrasound equipment (specific details on the equipment are outlined in the Notes To Editors below).

Kevin Dand, Head of Siemens Healthcare in Ireland, stated “We were keen to partner with Sheehan Medical in a vision to provide the best in surgical and diagnostic services. The technology advancements of our imaging equipment will assist Cork Medical Centre in their mission to offer a much quicker, safer and seamless journey for the patient, improving the speed of diagnosis and treatment.”

Increasingly patients and physicians prefer minimally invasive therapy over surgery because of the reduced recovery time. “With the Artis zee Bi-plane technology, these interventions can be much quicker. Cork Medical Centre will take delivery of the latest bi-plane technology, enhancing the clinicians’ ability to diagnose, guide and treat the disease whether cardiac, neuro or oncology,” explains Dand.

The Cork Medical Centre will be a 5 star facility providing 75 single in-patient bedrooms, fully sealed with the latest in infection control.  The main focus of the hospital will be surgery; there will be four operating theatres and a same day surgery centre with 20 out-patient beds.  The hospital, which is located at the City Gate Complex in Mahon Point, will have a strong focus on neurology and cardiology.

The hospital will also house an intensive care unit; radiology a cardiology, oncology and neuroscience facility. International accreditation, benchmarking and auditing will be provided by an internationally renowned healthcare organisation

For further information please contact: Simon Palmer, at Republic on + 353 (0) 851 341 761 or email: simon@republicpr.ie

NOTES TO EDITORS

About Siemens’ technology

Siemens Healthcare will provide a suite of equipment including its flagship angiography system, the Artis zee bi-plane flat panel detector, a revolutionary new system for advanced imaging in interventional radiology, cardiology and neuroradiology investigations.

Siemens Enterprise Communications will provide a turnkey Information and Communications Healthcare Network focused on productivity, security and mobility; delivering complete access to clinical information and patient workflows from any device, regardless of location.

Siemens is also delivering state-of-the-art equipment in magnetic resonance imaging (MRI) and computed tomography (CT). The Siemens’ Magnetom Essenza MRI system, which due to its 1.5T field strength, will allow CMC to deliver superior image quality and offer greater diagnostic confidence to support a complete range of clinical applications, including neurology, orthopaedics, body imaging, angiography, cardiology, breast imaging, oncology and paediatric imaging.

The Essenza also offers shorter scan times increasing productivity, due to its revolutionary TIM (total imaging matrix) technology, which eliminates the need for patient repositioning during scans. Additionally, the Essenza’s ultra-short bore design will alleviate concerns of claustrophobia, since many patients can be imaged with their head outside of the bore.

The Somatom Definition AS 64 brings together high-end CT imaging including neuro CT scanning. With 64 slice imaging, the AS provides physicians with more information to detect and diagnose conditions earlier. Siemens is also delivering additional x-ray and ultrasound equipment.

Key elements of the High Availability solution are Siemens OpenScape SIP based Voice & Unified Communications Server – a carrier class architecture based completely on Open Standards for third party application integration , Enterasys Secure Networks LAN and Wireless LAN using the latest 802.11n technology for immediate access to information from mobile devices, an EMC Storage Area Network, VMware Virtualised Server & Client Environment from our technology partners, Fujitsu and a Nextgen Technologies Triple Play IPTV Patient Entertainment Solution.

About Sheehan Medical

Sheehan Medical was set up to operate private hospitals in the UK, Britain and mainland Europe. The company is operated by Chief Executive, James Sheehan, and his father Dr Joseph Sheehan C.M., who is Chairman.

Sheehan Medical’s aim is to bring best practice in US medical techniques and standards to Ireland. The company prides itself in combining the operation of first class medical facilities with a successful business model. The unique share holding structure allows doctors and consultants to buy into the ownership of their hospitals and share in the financial success.

An active surgeon for over 35 years Sheehan Medical’s Chairman, Dr Joseph Sheehan, along with his brother Dr Jimmy Sheehan, both Dublin natives, were two of the founders of the Blackrock Clinic in Dublin, which opened in 1984. In January 2006, he was part of a small group that purchased the controlling interest in the Blackrock Clinic from BUPA. An €80m expansion project is currently underway.

In 2004 he again partnered with his brother Jimmy to open the Galway Clinic, which received international recognition and re-established Dr. Sheehan’s commitment to raising healthcare standards through dedication to quality improvement and technological advances.  Further information can be found by visiting http://ww.sheehanmedical.com or http://www.corkmedicalcentre.com

About Siemens

Siemens is a global company providing products, systems, services and solutions for the industry, energy and healthcare sectors. The company employs over 1,000 highly skilled people in Ireland and has offices in Dublin and Cork.

Siemens Healthcare is one of the world’s largest suppliers to the healthcare industry. The company is a renowned medical solutions provider with core competence and innovative strength in diagnostic and therapeutic technologies as well as in knowledge engineering, including information technology and system integration. Siemens Healthcare is the first integrated healthcare company, bringing together imaging and lab diagnostics, therapy and healthcare information technology solutions. Siemens Healthcare delivers solutions across the entire continuum of care — from prevention and early detection, to diagnosis, therapy and care. Further information can be found by visiting http://www.siemens.ie

Siemens Enterprise Communications is a premier provider of end-to-end enterprise communications, including voice, network infrastructure and security solutions that use open, standards-based architectures to unify communications and business applications for a seamless collaboration experience. This award-winning “Open Communications” approach enables organizations to improve productivity and reduce costs through easy-to-deploy solutions that work within existing IT environments, delivering operational efficiencies. It is the foundation for the company’s OpenPath® commitment that enables customers to mitigate risk and cost-effectively adopt unified communications. Jointly owned by The Gores Group and Siemens AG, Siemens Enterprise Communications companies include Siemens Enterprise Communications, Cycos, and Enterasys Networks.  Further information can be found by visiting http://www.siemens-enterprise.com

Jobs at Sheehan Medical’s new private hospital the Cork Medical Centre

The recruitment process for Cork’s newest private hospital the Cork Cork Medical Centre (CMC) is now underway. Based at City Gate in Mahon, Cork City the hospital is the first private facility to open in Cork for over thirty years.  Cork Medical Centre will open in September.

There is a new email address for CV which should be sent to hr@sheehanmedical.com

Please contact us for further details via the Cork Medical Centre’s Facebook page via the link below

http://www.facebook.com/pages/Cork-KY/Cork-Medical-Centre/345303049764?ref=ts&_a=17

Ends

STATEMENT BY THE DUBAI ACTION GROUP

Following the meetings this week between the Dubai Action Group and Mr Probir Chatterjee, of Innovation SEZ Developer Ltd, at the Carlton Hotel Dublin, the Dubai Action Group would like to make the following statement:

Mr Chatterjee presented his proposals to approximately 150 investors, over a series of meetings during his two day stay. In summary the proposal is as follows: Innovation SEZ Developer Ltd has taken over the shares in the three development companies responsible for building Eagle Heights, Bermuda Views and Profile Residence. They have declared that they will build out our buildings if they get sufficient numbers of investors to sign up to their proposal, which includes a new payment schedule.

Innovation SEZ Developer Ltd intends to shortly send out an addendum to our current contracts for approval and signing.

Whilst the Dubai Action Group is interested in examining this proposal we cannot recommend it to our members until we have had the opportunity to study the written documentation in detail.

We believe a cautious and measured approach to any proposal containing adjusted payment schedules is vital given our experience to date.

We welcome all comments and suggestions from our members and a more detailed email will go out to members next week.

Kind regards,

The Committee for and on behalf of the Dubai Action Group

Management flexibilty is the key to Ireland’s future success, says Verify Partners

Media release

Management flexibilty is the key to Ireland’s future success, says Verify Partners

The Verify Partners

3^rd June, 2010; Dublin, Ireland: Verify Partners, a new interim management and consulting company was formally launched today at the Irish Management Institute in Sandyford Dublin.  Verify Partners, provide Irish companies with access to experienced independent and flexible senior business executives across a broad range of skill including HR, ICT, finance, taxation, business change, marketing, and international business development.

Verify Partners is a new sister company to Verify Recruitment, the innovative IT recruitment company founded by Cathal Grogan. His view is that “we need to up our game if Ireland is going to remain a leader in attracting foreign direct investment. The key is providing a highly experienced and flexible local management support structure that allows the foreign company to rapidly establish their operations, overcome inherent cultural differences and to quickly reap the proven benefits of basing their business in Ireland”.

Bernadette Kiely, is a key member of Verify Partners, and was instrumental in establishing Motorola’s initial operations in Ireland, she said: “overseas companies need more than just access to low corporation tax and subsidies. This was fine when these incentives were enough to close the deal. However, the world has changed. In an increasingly competitive environment, they are now looking at how they can create profitable businesses that will achieve a rapid and sustained return on their investment in Ireland”.

Verify Partners believe that future employment of senior managers will be based on flexible engagements. Pensions, careers paths, share options, benefits packages etc may become a thing of the past for many senior managers in the private sector. Executives will need to constantly up skill, remain very flexible and fleet of foot, be prepared to go where the work is. Careers will consist of many short term assignments rather than a slow transition up the ranks of one company.

“Immediate access to flexible top class management talent at a local level is very important”, said Ronan Farren, a Verify Partner and a Silicon Valley veteran. “The US has it right. We also need to prove that Ireland has a similar culture of flexibility and of high performance at a management level.  Being able to tap such talent not only will speed up the insertion of a Foreign Direct Investment project into Ireland by many months, but will also enable the company to better compete and win business in-theatre, replicating its “home” operations, thus generating quicker returns on investment”.

This is not necessarily a bad thing – this level of flexibility and a lack of dependence on the corporate HQ organisation will certainly help to regain Ireland’s competitiveness and can lead to interesting and continuously challenging careers for the individuals involved. It cam also great boost Ireland’s GDP, a recent study by McKinsey (the management consultants) and the London School of Economics was recently presented to the IMI, which found that improving management practice in Irish companies could add 1% or over €2 billion to Irish GDP.

For more details visit www.verifypartners.com or contact business@verifypartners.com

For more information please contact Simon Palmer of Republic on: +353 (0) 1210 3520 or email: simon@republicpr.ie.

Notes to Editors

Verify Recruitment opened in Dublin in May 2009 and is led by Cathal Grogan. Cathal has 20 years experience in the IT industry, and has held senior positions in Program & Project Management, Product Management, Management Consulting, and Change Management in local and multi-national organisations, within Enterprise Software, Financial Services, Contact Centre and Automotive industries – www.verifyrecruitment.com

A list of biographies of key members of Verify Partners is attached.

Areas of Special Interest

FDI: We are in discussion with inward investment agencies in Ireland about helping them to attract and work with FDI clients from the emerging BRIC markets (namely Brazil, Russia, India and China) through the provision of a ‘swat team’ of senior resources from Verify Partners who can help to fast track the FDI company into Ireland.

Corporate Governance and Risk Management: A number of Verify Partners are experts in the area of Corporate Governance and Risk management. These skill sets are in particular demand as Irish companies learn the lessons from recent history. We can help to put the right processes and procedures in place, however, good corporate governance must come from the top and permeate every aspect of a company’s operations.

Banking: Until now, Irish banks have focused management attention on the very large loans going into NAMA. The next issue will be how to deal with the huge number of loans between €1-5 million that are going to have to be managed with great care. Verify Partners have the asset management and business experience to help manage these assets to ensure they can remain performing thus preventing foreclosure.

Ends

You & Your Money

I have been asked to do the PR column in the ‘Business Bulletin’ section  for Ireland’s leading personal magazine You & Your Money. The focus on the Business Bulletin is to offer free advice to businesses on different corporate issues.

The initial focus on the articles will be to help businesses use digital PR and new media to promote their business. This approach has been taken because a lot of new media is free and can learned fairly easily. Whereas by focusing on traditional media i.e. press and broadcast is a bit harder to teach in 180 chunks and comes more from experience. This is not say I won’t touch on the traditional media in the future.

Here is this month’s column. In it I show how businesses can use blogging software such as WordPress, which this website is built in, in order to add content to their own websites, boost their SEO profile and link to social media.

(Please click the link below for the article).

You&YourMoney(June2010)