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Here, ‘successor’ refers to the entity that exists after the restructuring. ‘Restructuring’ refers to any action that alters the identity or character of a business entity (e.g. a merger). Successor liability is a subset of the law governing corporate liability or liability of legal persons.
The UATRA is meant to be a successor to the Uniform Comparative Fault Act as a way to apportion liability in negligence cases. The UATRA was designed to overcome the low popularity of the Uniform Comparative Fault Act by modifying the usage of joint and several liability among multiple tortfeasors. [1]
While Slovenia, Croatia, Bosnia and Herzegovina and the Republic of Macedonia interpreted the breakup of Yugoslavia as a definite replacement of the earlier Yugoslav socialist federation with new sovereign equal successor states, newly established FR Yugoslavia (Serbia and Montenegro) claimed that it is sole legal successor entitled to the assets as well as automatic memberships in ...
The problem of successor liability arises when a company does something that alters its organisation or identity, such as a name change or a merger or acquisition. Rules on successor liability determine when and how corporate liability is affected by various changes in a company’s organisation or identity.
Connecticut is set to pay nearly $5.9 million to the family of a disabled man who was wrongly imprisoned in his 1992 murder conviction before he was freed in 2015.
A full coverage car insurance policy generally includes liability insurance and your state’s other minimum coverage requirements (if applicable), plus collision and comprehensive coverage ...
The de facto merger doctrine states that courts will look to substance over form when determining whether statutory merger law applies to a company's shareholders.Thus, where an asset acquisition leads to the same result as a statutory merger, these jurisdictions demand that shareholders are given the same rights as in the statutory merger.
(The Center Square) – Street racers could soon face a rude awakening under legislation considered by state lawmakers on Thursday to require speed-limiters for certain offenses. Rep. Mari Leavitt ...