The marriage covenant is intended to be an everlasting covenant. As a result, most parties do not enter into the marital relationship with the thought that the same may be dissolved a few years down the line....
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A preference occurs when the company does something which puts a creditor into a better position than he would have been in if the debtor went into insolvent liquidation, had the preference not taken place....
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We shall in this article discuss at length the difference between fraudulent and wrongful trading as conduct that could result to accrual of personal liability on directors in the event of a company becoming insolvent....
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As therein indicated, under section 143 of the Companies Act, a director must act in the way which he considers, in good faith, would be most likely to promote the success of the company for the benefit of its members (shareholders) as a whole. ...
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Garden leave is a term used to reference the practice of having an employee work away from the office with limited access to the employer’s resources following a notice of termination or resignation. ...
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In this excerpt we reiterate and highlight ten reasons why a company should have a Shareholders Agreement: -...
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A shareholders’ agreement is a contract amongst the shareholders of the company that establishes their relationship amongst themselves and with the company. ...
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Where a company is in financial difficulties or otherwise insolvent, the director’s duty shifts to the interest of the creditors of the company. ...
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A shareholders’ agreement is a formal agreement between all or some of the shareholders in a company. A shareholder agreement is usually considered alongside the company’s articles of association, which defines the relationship between the shareholders and is in law considered a contract inter se between the shareholders. ...
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The Contracts in Restraint of Trade Act is a law that gives validity to contracts that are in restraint of trade....
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