LIFTING THE CORPORATE VEIL (i) Introduction (ii) Principles of Corporate Personality (iii)Statutory Exceptions (iv)Common Law and the Mere Façade Test (v) Agency and Groups (vi)Conclusions INTRODUCTION 1. When a creditor discovers that a debtor company is insolvent‚ the creditor will frequently want to recover the debt from a shareholder‚ director or associate of the insolvent company. There exist various statutory and common law mechanisms by which the corporate veil can be lifted and liability
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In the educational structure various office bearers have their specific functions which promotes effective function of the structure. Positions and duties are as follows; Minister. ➢ According to Mano Timbe Auguste 2007 the major function of the minister is to is to represent policy positions of their ministries for considerations and endorsement by cabinet before implementing them. ➢ In Zimbabwe he is David Coltart
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English 111-15R 27 Jan 2013 The Women Covered By a Veil The Islamic veil is a very mysterious piece of garment that has very many questions behind it.What does the veil stand for and why do Muslim women wear them? Why is there so much controversy about this piece of cloth? Most Muslim women wear a veil to show respect for their religion and God"(Murphy15). They feel they are closer to Allah and are doing the right thing. (Murphy15) Wearing the veil for Muslim women is a symbol of their faith and what
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“LIFTING THE CORPORATE VEIL”- AN OVERVIEW Definition-Lifting or Piercing the Corporate Veil Lifting or Piercing the Corporate Veil is a Legal process or proceedings taken to uncover the common shield in respect of any suspicious event happened or to be happened or on the basis of allegation made or to be made against the Company. This piercing process can be compared to a person lifting the curtain of a Drama Stage to know what is actually happening without being the drama commenced. Piercing the
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Chapter 4 Lifting the veil of incorporation Contents Introduction 41 42 43 Legislative intervention Judicial veil lifting Veil lifting and tort Reflect and review 36 37 39 41 43 page 36 University of London External System Introduction As we observed in Chapter 3 the application of the Salomon principle has mostly (remember Mr Macaura) beneficial effects for shareholders. The price of this benefit is often paid by the company’s creditors. In most situations this is as is intended by
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of a week during October 2008. The banks in Iceland collapsed under the weight of its debts after a huge growth in the banking industry. Iceland ’s Prime Minister at the time Geir Haarde is facing criminal charges of negligence for failing to prevent the financial crisis. In this article by the Associated Press‚ Iceland ’s now ex-Prime Minister Geir Haarde is refusing to pled guilty to the charges. Mr. Haarde says that the collapse that left many people unemployed could not have been predicted and
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List of Prime Ministers of India From Wikipedia‚ the free encyclopedia Jump to: navigation‚ search The complete list of Prime Ministers of India includes the persons sworn into the office as Prime Minister of India following the proclamation of the independence of India in 1947. Key: No.: Incumbent No. CM: Council of Ministers Congress: Indian National Congress‚ Indian National Congress (Indira)‚ United Progressive Alliance Bharatiya Janata Party: Bharatiya Janata Party‚ National
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exists outside of baseball. In The Birthmark‚ by Nathaniel Hawthorne‚ the theme of human imperfection is present in the ideas of mortality‚ science versus nature‚ and
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The Birthmark “Nature is relentless and unchangeable‚ and it is indifferent as to whether its hidden reasons and actions are understandable to man or not” (Galileo Galilei). Scientist Aylmer is disgusted with his wife Georgina’s birthmark and persistent in removing it. He thinks Georgina is perfect except for her birthmark and he says that the birthmark is a “visible mark on earthly imperfection” (Hawthorne‚ 304). Aylmer tries to remove something perfectly natural by using science in form of a fatal
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Question 1 - Silvio Berlusconi has been the Prime Minister of Italy for three times. Berlusconi is the owner of the company Media Set. He also owns an advertising and publishing company and about 50 magazines. His brother is the owner of the Italian Daily‚ one of the most read newspapers in Italy. Next to that he is the owner of the soccer club AC Milan. You can say Berlusconi is all around the country and it is difficult not noticing his influence. The power of Berlusconi
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