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Scheme at meeting - reconstructions:
Following approval of the scheme at meeting(s) application is made to the court for an order to approve and implement the scheme. At this stage any minority which opposes the scheme may state its objections for consideration by the court:
a copy of the court order approving the scheme is delivered to the registrar and the scheme then takes effect, ie, the changes are made automatically as soon as this is done.
Remuneration: Article 108 provides that "a managing director shall receive such remuneration (whether by way of salary plus commission or may participation in earn
Article 3 - State Responsibilty Article 3. This article is about the Characterisation of an act of a State as Internationally wrongful. A local law that results into violatio
DISCLAIMER OF ASSETS: The liquidator has a statutory right of disclaimer of assets: s.135. The rules are: (a) he must obtain leave of the court; (b) the right o
Compulsory Liquidation : A petition is presented to the High Court under s.218 of the Companies Act. The petition will specify one of the
Read the newspaper report from The International Herald Tribune, starting on page 2 of this assignment, and answer the following questions: 1. What is the general notion behi
Prohibition: Section 18 of the Registration of Business Names Act provides that the registration of a company's business name under the Act shall not be construed as authoris
Usual procedure - shares of the minority: Hence the usual procedure is: (a) first to dispose of possible objections by creditors by paying their debts or providing secu
QUESTION 1 The principle of law set out in Salomon v Salomon & Co. Ltd is not always applied. Discuss when the judiciary or statutory provisions will not take into account of
State Article 9 of air and outer space law Article 9 states that each contracting State may, for reasons of military necessity or public safety, restrict or prohibit uniformly
Many stakeholders emphasised that it would be difficult to quantify phoenix activity as phoenix operators are very skilled at 'flying under the radar'. Impacts, beyond those listed
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