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What price will be paid for a partner's or shareholder's interest in the partnership and so on. Buy–sell agreement can be in the form of a cross-purchase plan or a repurchase (entity or stock-redemption) plan. For greater neutrality and effectiveness of the buy–sell arrangement, the service of a corporate trustee is recommended.
The Partnership Act 1890 (53 & 54 Vict. c. 39) is an Act of the Parliament of the United Kingdom which governs the rights and duties of people or corporate entities conducting business in partnership. A partnership is defined in the act as 'the relation which subsists between persons carrying on a business in common with a view of profit.' [1]
The legal system in Sri Lanka comprises collections of codified and uncodified forms of law, of many origins subordinate to the Constitution of Sri Lanka which is the highest law of the island. Its legal framework is a mixture of legal systems of Roman-Dutch law , English law , Kandian law , Thesavalamai and Muslim law .
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The Court of Appeal of Sri Lanka, commonly known as the Appeal Court, is the second most senior court in the Sri Lankan legal system, with only the Supreme Court of Sri Lanka above it. Established in 1971, under the Court of Appeal Act No. 44 of 1971, the Appeal Court has jurisdiction to hear appeals from the High Court or any lower court; its ...
Indian Prime Minister Narendra Modi and Sri Lankan President Maithripala Sirisena. The Economic and Technology Co-operation Agreement (ETCA) is a proposed diplomatic arrangement that seeks to add to the existing free trade agreement between the Republic of India and the Republic of Sri Lanka, primarily in relation to trade-in services and the service sector; it seeks to emulate a proto freedom ...
An Act to establish the Online Safety Commission; to provide safety from prohibited statements made online; to prevent the use of online accounts and inauthentic online accounts for prohibited purposes; to make provisions to identify and declare online locations used for prohibited purposes in Sri Lanka; to suppress the financing and other support of communication of prohibited statements and ...
The current Parliament of Sri Lanka has 225 members elected for a five-year term. 196 members are elected from 22 multi-seat constituencies through an open list proportional representation with a 5% electoral threshold; voters can rank up to three candidates on the party list they vote for. The other 29 seats are elected from a national list ...
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