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Voting, director removal, closely held companies Bushell v Faith [1970] AC 1099 is a UK company law case, concerning the possibility of weighting votes, and the relationship to section 184 of Companies Act 1948 (the predecessor of s 168 of the Companies Act 2006 ) which mandates that directors may be removed from a board by ordinary resolution ...
A court may, and under section 6 shall, make against a person a disqualification order, for a period specified in the order, providing that: he shall not be a director of a company, act as receiver of a company’s property or in any way, whether directly or indirectly, be concerned or take part in the promotion, formation or management of a company unless (in each case) he has the leave of ...
The corporate veil in UK company law is pierced very rarely. After a series of attempts by the Court of Appeal during the late 1960s and early 1970s to establish a theory of economic reality, and a doctrine of control for lifting the veil, the House of Lords reasserted an orthodox approach.
In corporate law, the directors register is a list of the directors elected by the shareholders, generally stored in the company's minute book.By law, companies are required to keep this list up to date to remove those directors who are deceased or resign, and to add those who have been elected by the shareholders [1] However, the register must also list any person who had been a director ...
In 1890, New York's highest court revoked the charter of the North River Sugar Refining Corporation on the grounds that it was abusing its powers as a monopoly. [ 18 ] In 2022, New York Supreme Court Judge Joel M. Cohen rejected a move by the state's Attorney General to dissolve the National Rifle Association of America .
A new legal setback for Johnson & Johnson could make it more difficult for 3M and other big companies to use a controversial bankruptcy tactic to shed costly product-liability lawsuits.A US ...
According to court documents, 150 restaurants that were operated by those chains were part of the bankruptcy filing. According to a court filing by Ovation, the company had $186.3 million in liabilities and $160.2 million in assets. [8] Due to the COVID-19 pandemic, all of the buffet-style restaurants closed in March 2020. Five locations ...
For-cause removal of agency executives presents a prima facie challenge to the separation of powers, because it places a limit—imposed by Congress—on the president's Article II authority over executive branch officials. Most courts that had considered the question found that for-cause removal of the CFPB director was constitutional. [5]