Messrs. Twomax Limited‚ Reginald A. S. Goode and John Robert Gordon raised actions for reparation on the ground of negligent misrepresentations against Messrs. Dickson M’Farlane and Robinson‚ a firm of chartered accountants. Twomax (UK 1983) demonstrate that audit firms may be liable to third parties in certain circumstances. It is a case also involving the decision to acquire shares‚ based on negligently audited financial statements. The auditors should be able to anticipate that third party
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Corporate Debt Restructuring Ashish Makhija B.Com (Hons.)‚ LL.B.‚ AICWA‚ MICA‚ FCA 17/05/2008 1 Meaning of Corporate Debt Restructuring (CDR) • A method • • • • used by companies with outstanding debt obligations to alter the terms of the debt agreements in order to achieve some advantage Companies use debt restructuring to avoid default on existing debt or to take advantage of a lower interest rate. 17/05/2008 2 Methods of CDR The existing debt is called and then replaced with new
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HYDERABAD: At least 5 people have been killed and several others injured in an early morning train accident in Andhra Pradesh. Unconfirmed reports put the number of death at 8. However‚ local administration and the railway authorities have confirmed two deaths as of now. The toll is likely to rise. The accident happened when Hampi Expresscollided with a stationary goods train inPenukonda at around 3am‚ according to TV reports. According to initial reports coming in‚ Hampi Express overshot
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The Varnashrama Dharma is central to the understanding of the Manusmriti. One of the meanings of Varna is colour and it was used to denote groups having different skin colouration. Aryans were fair-skinned while the Dravidians were dark-skinned. Those who had white or a fair complexion were considered to be part of the Brahmins‚ red belonged to Kshatriyas‚ yellow to Vaishyas and black to Shudras. Other aspects of varna were species‚ kind‚ character‚ nature‚ solidarity of the race‚ tribe and family
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In “Why abortion is immoral‚” by Don Marquis‚ Marquis sets out an argument that abortion is “seriously immoral that it is in the same moral category as killing an innocent adult human being.” Marquis first wants us to understand why killing a person is wrong. He presents us with an argument that the loss of one’s life is one of the greatest losses one can suffer. Because this prevents a person from having a valuable human future‚ a future like ours. What makes killing any adult human being wrong
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CASE: EEOC v. Target 2006 U.S. App. Lexis 21483 7th Circuit Facts of the Case: In early 2000‚ an African-American name James Daniel‚ Jr applied for an Executive Team Leader position with Target. He was given tests‚ which he passed placing him in a very high percentile of those who have been previously tested. Unfortunately he was not hired‚ and was given the explanation of not meeting the requirements of the position. Daniels did not receive any feedback as to what requirement he was meeting
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Judith Jarvis Thomson’s defence on abortion Most arguments concerning the abortion issue hinge on the moral status or standing of the fetus with respect to the rights it possesses and the obligations that are directly owed to it. These arguments typically fall into two commonly termed categories: pro-life and pro-choice. Pro-life advocates tend to place the status of the fetus first. They argue human beings including a fetus‚ have an intrinsic value that confers them the right not to be unjustly
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Amoco Aust v Rocca Bros Motor Engineering Co. Trading activities will include employment‚ operating a business and restrictive practices such as agreeing to obtain supplies exclusively from one supplier for a lengthy period of time. While prima facie all restraints of trade are void‚ a restraint is valid if it can be shown to be reasonable in the interests of (Nordenfelt v Maxim Nordenfelt Guns and Ammunition): 1. the parties; and 2. the public. The onus is on the covenantee to show
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------------------------------------------------- COMPANY LIQUIDATION - REFORMS AND RESTATEMENT OF THE LAW INTRODUCTION The remit of Working Group D (Insolvency and Corporate Securities) of the Corporate Law Reform Committee (CLRC) is to consider the current law and practice relevant to corporate insolvency. The objective of the review of this area of the law is for the creation of a corporate insolvency framework: * that is facilitative to the winding up of companies where there is no prospect
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mandated to this new schedule at the beginning of the year. There is no proof of discrimination of race‚ color‚ religion‚ sex or national origin because entire production staff was changed to four 12-hour shifts on a rotating schedule. 3 b. “Prima facie evidences in cases of religious discrimination usually include‚ first‚ the plaintiff had a genuine religious belief that conflicted with duties; second‚ the plaintiff informed the employer of the beliefs; and third‚ the employer
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