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In 2004 the Corporations and Markets Advisory Committee proposed that assets and liabilities of companies be aggregated and creditors paid from a common pool which is commonly referred to as ‘pooling of assets'.
In 2007 ‘pooling' was introduced for cases where all companies in a group are insolvent. Stakeholders highlighted that this option received significant attention in 2007-08 and therefore, there is a significant body of work that exists examining the pooling of assets and liabilities. It was also argued by many stakeholders that such an option has significant implications for corporations law.
Proceedings for Compulsory Liquidation: When the petition is presented to the court a copy is delivered to the company in case it objects, and it is advertised so that other
Question 1: ‘There has been considerable development from the time of the Industrial Associations Ordinance 1938 to the present time of the Employment Relations Act 200
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Empowers directors - company management: In the case of companies which have adopted Table A, Article 107 empowers directors to appoint a managing director "for such period an
Q. Statutory task force on phoenix activity ? A long term option could be the establishment of a statutory task force on phoenix activity. This could be supported by all the re
Compensation for Removal: Subsection (6) provides that nothing in s.185 shall be taken as depriving a removed director of compensation or damages payable to him in respect of
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
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State the legal consequences of an wrongful act Article 28, 30 and 31 state the legal consequences of an internationally wrongful act. They are as follows:- Article 28: Lega
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