SINGAPORE MANAGEMENT UNIVERSITY LGST201 COMPANY LAW Topic 1 - Introduction to the Company General Reading: Woon‚ chapters 1 and 2 (you may omit paras 1.73 – 1.1041). Note that Woon references below are to the Revised 3rd edition (2009) (corresponding references to the 3rd edition (2005) are footnoted). Legend - Very important. Must know! - Less important (but doesn’t mean can ignore!) 1. General Themes The company is essentially an artificial person created by law
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Part A Your managing partner has handed you the Supreme Court of Queenslands’ decision in The Public Trustee of Queensland and Anor v Meyer and Ors [2010] QSC 291 and asked you to answer the following questions. You should assume you are answering questions for someone who has not read the case‚ so be sure to provide sufficient detail in your answers. You do not need to provide reference details for Part A of the assignment. 1. Explain who were the respective parties to the action. Why were there
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Advanced Medical Technology corp. 1. AMT is in the business of developing‚ manufacturing and marketing scientific medical instruments‚ needles and catheters for minimal invasive medical treatments. They have a dedicated sales force to sell their products via the medical hospital and doctor’s channel. The industry continues to experience a robust 30% sales growth currently as well in the future. AMT has experienced extraordinary sales growth as can be seen in the Income statement. To maintain their
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Question: Nur Aini‚ a highly stressed-rich widow‚ was enticed into joint a group as a Way of Life (PAWOL) by Alias‚the leader of the group. Alias promised Nur Aini that by transferring‚ all her wealth to him‚ he would ensure that she is cleansed of all evil and would not be burden with any worldly problems. Believing his words‚ Nur Aini transferred all her wealth to Alias and stayed together other followers. Two years after joining the group‚ Nur Aini realized that she had been tricked into parting
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decision as the company’s decision in order to dominance of board proceedings. And Don rewarded MYCO Company (which Don own 20 percent share) a three-year contract to supply COCO‚ without discuss the transaction with the board. Don has breached the fiduciary duty that is to avoid conflict interest‚ and also didn ’t disclose the transaction to the board. So Don’s conduct of breaching director’s duty is contrary to the interest of the members as a
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EXECUTION OF DECREES OR ORDERS: Execution is the process of realizing the fruits of the judgment by enforcing the decree against the unsuccessful party through any one or more of various modes of execution as prescribed by law. The successful party is called a decree holder or judgment creditor while an unsuccessful party is called a judgment debtor. A decree is executed by the court which passes it or by court which the decree is sent by former execution. The court that passes the decree is entitled
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Pusateri v. E. F. Hutton & Co.‚ Inc. Fiduciary Duty after Francis Pusateri retired; he met with Gilbert J. Johnson‚ a stockbroker with E. F. Hutton & Co.‚ Inc.‚ and informed Johnson that he wished to invest in tax-free bonds and money market accounts. Pusateri opened an investment account with E. F. Hutton and checked a box stating that his objective was “tax-free income and moderate growth.” During the course of a year‚ Johnson churned Pusateri’s account to make commissions and invested Pusateri’s
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abuse of controlling power. It means that the directors or the majority secure a benefit at the expense of the company. The abuse of power results in the personal gain. The second component is that the "Equitable fraud". It refers to the breach of fiduciary duty and negligence reculting personl gain. This action can be brought when the directors or the management cuasing loss to the company on the whole‚ not only for the minority shareholders. Secondly‚ the Statutory derivative action consists of 2
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State Street Corporation FIN 360 April 10‚ 2013 State Street Corporation is a financial services holding company based in the United States. State Street was founded in 1792 and is located in the Financial District of Boston‚ Massachusetts. The company provides a full range of products and services for large pools of investment assets. With $18.79 trillion in assets under custody and $1.91 trillion in assets under management‚ their primary clients are institutional investors (State Street‚ 2013)
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Principles e. Generic Principles Chapter III: Approaches of CG a. Framework Approach b. Regulatory Approach Chapter IV: Corporation and Corporate Structure Chapter V: CG‚ its major players and their role 1. Principal 2. Agent 3. Fiduciaries Chapter VI: Other Stakeholders of CG Chapter VII: Corporate Governance Theories 1. Agency Theory 2. Stakeholders Theory Chapter VIII: Management Compensation Chapter IX: Corporate Governance and Business Ethics Chapter X: Corporate Governance
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