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Meridian was part of a syndicate bidding to take over NZ company, Euro National Corp Ltd. Mr Koo and Mr Ng, investment managers working for Meridian, bought 49% of Euro's shares, but Meridian failed to disclose to the Securities Commission of New Zealand that they had become a 'substantial security holder' of over 5% because Koo and Ng wanted to hide the transaction from their superiors.
[1] A latae sententiae penalty is a penalty that is inflicted ipso facto , automatically, by force of the law itself, at the very moment a law is contravened, hence a broadly applied judgment. A ferendae sententiae penalty is a penalty that is inflicted on a guilty party only after a case has been brought and decided by an authority in the Church.
Rolled Steel Products (Holdings) Ltd v British Steel Corp [1986] Ch 246 is a UK company law case, concerning the enforceability of obligations against a company. The case was one of the last significant cases on ultra vires under English company law before the provisions abrogating that doctrine in the Companies Act 1985 became effective.
Catholic theologian Ludwig Ott considers that immediately revealed truths hold the "highest degree of certainty". "The belief due to them is based on the authority of God Revealing (fides divina), and if the Church, through its teaching, vouches for the fact that a truth is contained in Revelation, one's certainty is then also based on the authority of the Infallible Teaching Authority of the ...
This article originally appeared on Arizona Republic: Scottsdale Airport crash: 1 dead and 4 injured after planes collided. Show comments. Advertisement. Advertisement. In Other News. Finance.
R (Pinochet Ugarte) v Bow St Metropolitan Stipendiary Magistrate [2000] 1 AC 61, [1] 119 and 147 is a set of three UK constitutional law judgments by the House of Lords that examined whether former Chilean dictator Augusto Pinochet was entitled to claim state immunity from torture allegations made by a Spanish court and therefore avoid extradition to Spain.
Denning LJ, Morris LJ and Parker LJ held that although the warehouse employees were negligent, the clause effectively exempted them.. Denning LJ's judgment went as follows. Note that his reference to the concept of a fundamental breach precluding an exclusion of liability was rejected by the House of Lords some years later in Photo Production Ltd v Securicor Transport Ltd [1980] AC 8
Marleasing SA (the Applicant) brought an application before the Spanish national courts for an order that the contract establishing "La Comercial" was void and that the formation of La Comercial should be nullified on the grounds that establishment "lacked cause, was a sham transaction and was carried out in order to defraud the creditors of Barviesa (a co-founder of La Comercial)".