CASE BACKGROUND PUMA AG (PUMA) is a German-based company that produces high-end sportswear. According to PUMA’s financial report‚ in the year 2007‚ PUMA earned a profit of $510‚944‚031 excluding taxes. Although the company’s headquarters is in Germany ‚ its main production sites are in China and other developing countries. While the company can afford to invest millions of dollars in advertising‚ behind the scenes‚ workers who manufacture its products still earn the bare minimum. In the last
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liability personally for the company’s debts. However‚ in some situations the ‘Corporate veil ’ could be lifted if the shareholders do not follow the proper procedures. Lifting corporate veil is aim to "see through" the company and let its members take directly liability for the company ’s legal position. The statement points many situations in Corporations Act (“CA”) listed can lift the veil of corporate‚ which is true. Under s588G the directors will breach the duty by failing prevent the company
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Strike action A strike is a collective withdrawal of labour by employees. Under such action‚ employees refuse to perform all work‚ not just selected duties. Strikes are usually‚ but not always‚ organised by a union. The purpose of a strike is to pressure an employer (or other third party) into complying with particular demands or refraining from doing something. Under the federal Fair Work Act 2009 strike action may be ’protected action’ if undertaken during a bargaining period for an enterprise
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ON Indian Partnership Act 1932: Minor as a partner in a Partnership firm IN THE COURSE OF CONTRACT II SUBMITTED TO INSTITUTE OF LAW NIRMA UNIVERSITY UNDER THE GUIDANCE OF Asst. Prof. Nitesh Upadhyay SUBMITTED BY Saloni Palkhiwala Roll no.: 12bblo33 Semester: IV‚ B.com LLb Section C 1.INTRODUCTION Statement of problem According to Section 11 of The Indian Contract Act 1872 a minor cannot be a partner in a partnership firm but as per
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CORPORATION FORMATION DEFINITION An artificial being created by operation of law‚ having the right of succession and powers‚ attributes and properties expressly authorized by law or incident to its existence” (New Corporation Code) CHARACTERISTICS * separate legal entity – an artificial being with a personality separate from that of its individual owners * created by operation of law – mere agreement of the parties cannot give rise to a corporation * right of succession – continues
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Affirmative Action: The Concept | Written by Goga‚ Farhana | THE GENERAL understanding of affirmative action is that it is about providing opportunities for previously disadvantaged people‚ which includes people of colour and women.Although disability and homosexuality continue to be issues of concern‚ this research does not address these issues. Homosexual staff however‚ expressed problems of not having their partners recognised and not being given the same rights as partners of heterosexual
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Explain what is meant by working in partnership with parents. Partnership with parents means working together with a child’s parent to help support their child’s learning‚ this would mean identifying any needs and what can be done to meet those needs. It’s also to give parents advice and guidance to help them learn how to best support their child’s education. Having a positive partnership with parents can help increase a child’s self-esteem‚ their
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i)Abstract The Trans-Pacific Partnership Agreement(TPPA) seems to have reached a crossroads; it could either create greater opportunities and be a building block towards achieving economic intergration with the members involved in both Asia and the Pacific‚ or adversely be the undoing causing formation of barriers between two large trade blocks which will work independently of one another. TPPA is not just an ordinary Free Trade Agreement(FTA)‚ it is an opportunity to set a trade agenda for future
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satisfaction that I gain from helping others. Among all the majors‚ Social Work would be suitable for me stems from my interest of being a volunteer. If I pick Social Work as my major‚ I will have stronger motivation for study because this field is what I am passionate about. Also‚ according to intended learning outcomes of major‚ social workers need to use communication skills differentially across colleagues‚ populations and communities. Involving voluntary works helped me learn to interact positively
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Expectations Regarding Literary Masterpieces ENG/106 March 31‚ 2014 Expectations Regarding Literary Masterpieces Coming in to a new class can be a daunting experience‚ especially when one does not know what to expect. It can also be an exciting experience‚ especially when one has a special fondness for the subject being taught. As a psychology major‚ ENG/106 is not a required class. As a bibliophile‚ there was no question that I would use the need to fulfill an elective requirement
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