Defining phoenix activity in legislation, Business Law and Ethics

Assignment Help:

Defining phoenix activity in legislation

Some stakeholders noted that defining phoenix activity in legislation could be beneficial if the definition was appropriate and it was accompanied by specific penalties for engaging in the activity. However, it was also noted that enshrining a narrow definition in legislation, such as that used in New Zealand, could have unintended consequences and potentially make it more difficult to address phoenix activity.

Some stakeholders also noted that the most important thing in addressing phoenix activity is not having a single definition, but ensuring that all relevant agencies and stakeholders have a sophisticated understanding of the activity and how to identify it. Union stakeholders emphasised that ensuring there is the 'necessary infrastructure and resources' to address phoenix activity is of upmost importance.


Related Discussions:- Defining phoenix activity in legislation

Proposal to reduce the votes of preference shares, Proposal to reduce the v...

Proposal to reduce the votes of preference shares: In making this approach the courts have nonetheless kept the door open for action to deal with discrimination against a clas

State article 1 of air and outer space law, Laws relating to air and outer...

Laws relating to air and outer space as follows: Article 1 states that the contracting states should recognize that every state has complete and exclusive sovereignty over the

Determine the cash flows of the swap, Question : (a) Show how a party c...

Question : (a) Show how a party can terminate a forward transaction prior to maturity? (b) Suppose a forward Rate Agreement that: Expires in 30 days Is based on a n

Intellectual property right, Read the newspaper report from  The Internatio...

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

Presumptions, Presumptions: Therefore in their attempt to construe sta...

Presumptions: Therefore in their attempt to construe statutes that courts of law are guided through the subsequent assumptions or presumptions.; (a)   That the statute was

Provisions of the employment relations act, Francis is the newly elected ...

Francis is the newly elected chairperson of Boat House Services Union (BHSU) which represents 70% of workers at Boat House Services Ltd. BHSU is registered and holds a registra

Exceptions - quorum, EXCEPTIONS: A valid meeting may be constituted by...

EXCEPTIONS: A valid meeting may be constituted by the presence of one person in the following cases: (i)  If the meeting is an annual general meeting which was called by, o

Regulations regarding fire, REGULATIONS REGARDING FIRE : Fire accidents in...

REGULATIONS REGARDING FIRE : Fire accidents in educational institutions are much less as compared to those in residential, commercial or industrial areas. This is a general observ

Explain international trade laws, INTERNATIONAL TRADE LAWS The laws contr...

INTERNATIONAL TRADE LAWS The laws controlling and regulating International trade have become one of the fastest growing areas of international law. International trade laws conce

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd