APPOINTMENT AND LIABILITIES OF THE “SHAREHOLDERS’ REPRESENTATIVE” UNDER TURKISH LEGAL SYSTEM | Many foreign companies are participated in Turkish companies through joint ventures‚ new company establishments or mergers and acquistions. Since the said foreign companies are located in abroad‚ they appoint one representative to deal with transactions of the company which they own shares. In order to appoint a person as a representative of a foreign company firstly‚ a Shareholders’ Resolution
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the highest level of significance. Therefore‚ product liability is known as an issue which can jeopardize whole the business. There are many cases about companies who went bankrupt due to small potential liability issues which in normal circumstances nobody noticed and considered them as a factor. That is why only experienced and veteran attorneys handle product liability concerns and that is the reason why a company must consider product liability as one of its potential risks with high level of consequences
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Advantage And Disadvantages of Limited Liability Partnership | Advantages * Separate legal entity * Easy to establish * Flexibility without imposing detailed legal and procedural requirements * Perpetual existence irrespective of changes in partners * Internationally renowned form of business in comparison to Company * No requirement of minimum capital contribution * No restrictions as to maximum number of partners * LLP & its partners are distinct from each
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Current Liabilities and Payroll Accounting ASSIGNMENT CLASSIFICATION TABLE Brief Exercises 1 A Problems 1A B Problems 1B Study Objectives 1. Explain a current liability‚ and identify the major types of current liabilities. 2. Describe the accounting for notes payable. 3. Explain the accounting for other current liabilities. 4. Explain the financial statement presentation and analysis of current liabilities. 5. Describe the accounting and disclosure requirements for contingent liabilities. 6. Compute
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would Morr’s capital account be credited ? a/ 32500 c/ 50‚000 b/ 40000 d/ 72‚500 5/ Pavin and abdel share gains and losses in the ratio of 2:1 . After selling all assets for cash ‚ dividing the losses on realization ‚ and paying liabilities ‚ the balances in the capital accounts were as follows : Pavin ‚ 10000 Cr ‚ abdel ‚ 2000 Cr. How many of the cash of 12000 would be distributed to Pavin? a/ 2000 c/ 10000 b/ 8000 d/ 12000 chapter 13: 1/ which of the following
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irrelevant whether Jim knew the liquid was vodka because driving while intoxicated is a strict liability offense. Jim’s attorney contends that if the statute‚ which imposes a severe punishment without proving any mens rea on the defendant’s part‚ is a strict –liability statute‚ it would be unconstitutional. ISSUE The issue in this case is whether Michigan Vehicle Code MCL 257.625 is a strict liability statute? RULE MICHIGAN VEHICLE CODE (EXCERPT)‚ Act 300 of 1949‚ MCL 257.625(1) - (1) A person‚
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This is a case about promises and accountability. It is not about opening the flood gates of liability for any social host who dares to have a party. The issue at hand is whether liability arises from two entirely separate sources of duty with the same set of facts. It can. Those who make promises should be held to account from those promises‚ whether or not someone had a beer to drink. Section 2.03(c) does not preclude Ms. Fleshman’s claim for negligent undertaking because section 2.03(3) applies
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Samaritans and Voluntary organisations. LRC Consultation Paper The recognition and protection of persons providing voluntary assistance has been addressed by the LRC Consultation Paper on Civil Liability of Good Samaritans and Volunteers‚ which proposes the introduction of a statute restricting the liability of such persons who intervene as rescuers. The recommendations in the paper essentially aimed to clarify the confusing position of rescuers in Ireland through the implementation of statute. Section
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Asset and Liability Management Policy Review Audit Work Program Project Team (list members): Project Timing: Date Comments Planning Fieldwork Report Issuance (Local) Report Issuance (Worldwide) Audit Objectives Review the organization’s policies and procedures related to interest rate risk and Asset and Liability Management‚ including liquidity‚ derivatives‚ and swaps Determine if these policies and procedures are reviewed on a regular basis for effectiveness Assess the Board of Director’s
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Vicarious trauma is when a person‚ who has not experienced a traumatic event himself or herself‚ begins to display symptoms of trauma and crisis because of hearing about or witnessing the traumatic events victims of crisis. Vicarious trauma usually unfolds over time or dependent upon the intensity of the crisis experience. Because vicarious trauma can happen to individuals who are trying to care for victims of crisis‚ it is important that those who have experience crisis is given a safe‚ yet “initial”
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