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227, **; 1989 N.J. Super. LEXIS 385, *** RUETGERS-NEASE CHEMICAL COMPANY, INC., PLAINTIFF-RESPONDENT, v. FIREMEN'S INSURANCE OF NEWARK, NEW JERSEY, ET AL., DEFENDANTS. APPEAL OF PENNSYLVANIA INSURANCE GUARANTY ASSOCIATION, DEFENDANT-APPELL...
directors have a separate legal personality from the company’s they manage. However, a director can still be liable for the actions of himself, and of the company. To this end, the director has a range of duties, and failure to comply with...
liquidation phase takes place only if a (not insolvent) company should be properly closed or an insolvency petition has been rejected due to insufficient assets (Tingle, 1959). The liquidation in the context of insolvency proceedings on the...
that are affected by the voluntary administration, and how they are affected. Voluntary administration refers to an activity of whereby a financially insolvent company appoints an external administrator to run the operations. In this opera...
alternative dispute resolution is cheap, time saving and less stressful. There are two types of ADR schemes operated in United Kingdom: the statutory Financial Ombudsman Service (FOS) and various robust self-regulatory mechanisms including ...
article, a receiver is not the identical as a trustee in a bankruptcy. However, the two schemes have many in widespread and a receivership of a one-by-one or a company generally happens at the identical time as a bankruptcy. The new legisla...
corporated businesses. The Memorandum or a limited company may specifically provide that the liability of directors or managers, or of the managing director, is to be unlimited. ‘This is rare. Exceptionally, it seems that a director may be ...