a requirement is not admissible in the absence of formal agreement if the word in the text refers to a recommendation or implementation consultation. In April 2002, Sulzer Corporation sold the Sulzer Burckhardt division through a management buyout. Five members of Sulzer Burckhardt`s management and financial investor Zurmont acquired the company. The former Sulzer divisions have since been called Burckhardt Compression. In June 2006, Zurmont sold its entire stake in Burckhardt Compression through an IPO. At the time of the IPO, the five members of management, who held 20.9% of the company`s shares at the time, entered into a five-year shareholder contract. Prior to the complaints filed by New York Attorney General Eliot Spitzer, later known as the Global Settlement Enforcement Agreement, some large investment firms had launched favourable research coverage to support financial and retail services responsible for marketing new issues. The central issue of this implementation agreement had been previously assessed by the courts. This was the conflict of interest between the investment banking and analytics services of ten of the largest investment firms in the United States. The investment firms involved in the agreement had put in place all the actions and practices that allowed their research analysts to have undue influence from their investment bankers, who were looking for lucrative fees.  A typical violation that was corrected by the comparison was the case of CSFB and Salomon Smith Barney, who allegedly practiced inappropriate „hot“ IPO spiders and published fraudulent research reports in violation of various sections of the Securities Exchange Act of 1934. As in 2011, MBO shareholders renew their shareholder contract effective June 1, 2016, underscoring their strong and long-term commitment to the company. Burckhardt Compression is happy to keep this large shareholder stable.
The shareholder group owns 12.4% of the outstanding shares of Burckhardt Compression. The five shareholders who participated in the Management Buyout transaction in 2002 and who launched and carried out the IPO of Burckhardt Compression in 2006 have informed the company that they will renew their shareholder contract for a further five years, until 2021. Each offers the necessary capital, but the criteria for issuance, current financial reporting and availability for investors differ from each type of issue. The objective of this procedure is to define and provide a guide for the establishment and provision of a Memorandum of Understanding between the Design Organization (DO) and the Production Organization (PO), in accordance with parts 21A.133 b) and c) of EASA, for suppliers who require a new authorization from the National Air Navigation Authority or to renew the existing authorization to a new product. to issue EASA Form 1.