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Champerty and maintenance are doctrines in common law jurisdictions that aim to preclude frivolous litigation: Maintenance is the intermeddling of a disinterested party to encourage a lawsuit . [ 1 ] : 260 It is: "A taking in hand, a bearing up or upholding of quarrels or sides, to the disturbance of the common right."
Trevor v Whitworth (1887) 12 App Cas 409 is a UK company law case concerning share buybacks. It held they were unlawful. The case is often used in support for the Capital Maintenance Rule. The rule coming from the case itself has since been reformed by statute in several commonwealth countries.
Corporate law (also known as company law or enterprise law) is the body of law governing the rights, relations, and conduct of persons, companies, organizations and businesses. The term refers to the legal practice of law relating to corporations, or to the theory of corporations .
The respondents, who were officers, directors, and controlling stockholders of the Federal Water Service Corporation (hereafter called Federal), a holding company registered under the Public Utility Holding Company Act of 1935, c. 687, 49 Stat. 803, 15 U.S.C. § 79 et seq., brought this proceeding under § 24(a) of the Act to review an order made by the Securities and Exchange Commission on ...
United States political question doctrine case law (17 P) Pages in category "Legal doctrines and principles" The following 200 pages are in this category, out of approximately 316 total.
In general, most common law countries tend not to employ thin capitalisation rules in relation to raising and maintenance of capital. However, a number of civil law jurisdictions do. However, in almost all jurisdictions there are certain types of regulated entity which require a certain amount, or a certain proportion, of paid-up share capital ...
Friedman introduced the theory in a 1970 essay for The New York Times titled "A Friedman Doctrine: The Social Responsibility of Business is to Increase Its Profits". [2] In it, he argued that a company has no social responsibility to the public or society; its only responsibility is to its shareholders. [2]
The articles can cover a medley of topics, not all of which is required in a country's law. Although all terms are not discussed, they may cover: The issuing of shares (also called stock) and the classes of shares, such as preferred stock and common stock; The dividend policy and the transferability of shares; Valuation of intellectual rights