Take home Exam: Insolvency Law LAWS 6159 2. "The decision in IATA v Ansett Australia Holdings (2008) 82 ALJR 419; [2008] HCA 3 allows contracting parties to ignore the effect of the pari passu rule to the detriment of general creditors". Discuss and examine the reasoning in the case. One of the principle aims of insolvency law is to provide an equal‚ fair and orderly procedure in handling the affairs of insolvents ensuring that creditors receive an equal and equitable distribution of the assets
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as well as in services intellectual property rights‚ and investment. In January 2010‚ the membership of WTO was 153 countries. Its rules and policies are the outcome of negotiations among WTO members. Thus WTO is a member driven‚ consensus based organisation. B. PRINCIPAL OBJECTIVES OF WTO 1) Trade Without Discrimination :- Trade without discrimination through the application of Most Favoured Nation (MFN) Principle. As per MFN clause‚ a member nation of WTO must accord (give) the
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To understand how growth can occur‚ we need to consider the factors of production. Economists observe that in the production of any good‚ four factors of production are involved. These are 1. Land The physical land‚ but also comprising all the natural resources on the earth‚ below the earth or in the atmosphere. There is a distinction between renewable and non-renewable resources. Renewable resources are those that can be used and replaced. For example‚ water in a lake can be used‚ but can
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Nowadays some may hold the opinion that students should not take part-time jobs while they are studying in universities‚ but others have a negative attitude. The answer of this statement depends on our own experience and life style. To be frank‚ I disagree with this statement. My arguments for this point are listed as follows. First of all‚ although university education definitely takes very significant role in one’s later life‚ some students have to do some part-time jobs to afford their education
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Will Machines Take Over? I think machines will take over but not completely. Like some jobs will be taken over by machines but some things humans will always have to do. Machine already do a lot of jobs humans use to do but there is still a lot of jobs that machines can do or just can’t be trusted to do. If machines take over unemployment will be worse than ever. It will be like this because machines will have all the jobs humans used to have and then humans will have no way to make money. That
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Identify the laws and codes of practice affecting work in schools and describe how these promote pupil well-being and achievement. Law and Code of Practice 4.1 Schools like any other organisation have to comply with current Law and Legislation. They need to work in a certain way or draw up Policies or documents. Most of the Laws and codes are written for the well-being and achievement of pupils and here are the main ones: • The UN Convention of the Rights of the Child 1989 • The Education
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Leighton Hospital and Victoria Infirmary‚ we can see the typical organisation chart of a hospital in the NHS. Figure 1.1 below is adapted from Mid Cheshire Hospitals NHS Trust (2007). Figure 1.1 Organisation chart of Leighton Hospital and Victoria Infirmary In the following sections‚ we are going to discuss the possible problems in management and organisation‚ what had caused them‚ and what would happen if the organisation had taken a different strategy. 1.2 Problems in NHS and Possible
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offering. For instance‚ it may cut prices and increase promotional expenditure‚ accepting short-term losses in order to drive its main rivals (competitor) out of business‚ leaving it relatively free to exploit its market in the long term. As an organisation grows‚ so does the power and responsibility of individual managers in terms of salaries and career development. Growth strategy may appear very attractive to employee not only for their own self advancement but also as an aid to attract and retain
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theories are really important to the organisation as it can fulfil the employee need. Therefore‚ each company has motivation theories on their company to achieve business goals. From the Business Essentials (Organisations and Behaviour) books Herzberg’s theory can define as Herzberg’s theory explains the satisfaction or employee requirements often vary according to two main factors emphasized by the environmental and Herzberg’s motivator
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demands for his wife’s and sons eyes‚ he is attempting to force his control into their soul. The tittle “take my eyes” represents the husbands need to have everything of her even her soul. The sex scene when he says give me your arms‚ give me your legs‚ and so on‚ is meant to show that he has not changed at all and still sees her as an object. In that scene however‚ she followed his request by saying take my
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