He has governed to protect the status quo and in the process extinguished hope. 1988;1:7-59. > What is status quo? The older employees may be more concerned with minimizing any possible losses rather than risking everything on some potential gains. Megarry J allowed the ex parte injunction. The Optimism Bias: Are You Too Optimistic for Your Own Good? When changes do occur, people tend to perceive them as a loss or detriment. Stay Order means that the order which has been stayed would not be operative from the date of the passing of the stay order and it does not mean that the said order has been wiped out of existence. For example, ABC receives a statutory notice of demand from DEF under Section 466 of the Companies Act 2016. 2010;107(13):6005-6009. doi:10.1073/pnas.0910380107. The dismissal order would have no effect. Balance of convenience is a mere matter of deliberating what would be the more convenient position. Change can be a scary thing for many people, which is perhaps why many tend to prefer that things simply stay the way they are. Patient decision making in the face of conflicting medication information. Jason Bowman is an attorney in the Louisville, Kentucky, office of Cordell & Cordell. Journal of Risk and Uncertainty. They found status quo bias to be the act of preferring one’s environment or current situation as it is, rather than attempting to change it. Ever wonder what your personality type means? Verywell Mind uses only high-quality sources, including peer-reviewed studies, to support the facts within our articles. The primary interest of such an injunction is to maintain status quo. According to the "prospect theory," an economics theory developed by researchers Daniel Kahneman and Amos Tversky in 1979, "losses loom larger than gains. What we found is that the Judge has passed the order with utter disregard of the mandate under Rule 3 of Order XXXIX of Civil Procedure Code and established principles set out by the Apex Court and the High Court. " In other words, the potential for loss stands out in people's minds much more prominently than the potential for gains. In the legal system, a judge has the authority to issue a status quo order to prevent anyone from taking any action until the matter can be heard and resolved by the court. The basic question is whether the result of the appeal will be rendered academic if the Erinford Injunction is not given. Firstly, an Order for Stay merely restrains the initial order from taking effect and that the initial order will not operate until such Order for Stay is set aside by the Court. "Status quo" is a Latin phrase that means "the existing condition," or "the existing state of affairs," or "the way things are right now." Order On West Samaria Facility Preserves Status Quo, Enables County To Continue Shirking Its Responsibility The unanimous vote yesterday by the city Board of Zoning Appeals to uphold an order to close the West Samaria rooming house has the effect of preserving the “deplorable” status quo, Ald. For example, the bias is often used to explain why people fail to take advantage of investment and savings opportunities. Rather than place their money in investments that have a degree of risk, people often leave their money in low-yield savings accounts. There is nothing too special or conceptual about an injunction anymore. Can Lawyers Affirm Affidavits On Behalf of Their Clients? Its name comes from the English case of Erinford Properties Ltd v Cheshire County Council [1974] 2 All ER 448, where the plaintiff filed an application for an injunction to restraint the defendant county council from considering the plaintiff’s land planning application without a separate planning application for adjoining land filed by other third parties. the maintenance of the status quo did not change anything as far as the possession of the hotel is concerned. Sticking with your current cable/satellite provider is another example of how the status quo bias may influence everyday decisions. Psychologists have a term for this reluctance to change from our previous or default decisions: “the status quo effect.” 3 Most television programmers use it to glide you from one show to the next, using an established hit with a strong viewership to build an audience for whatever comes after it. If the Erinford injunction: Maintaining status quo order is the immediacy Cordell... 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