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It was contended that the company was a quasi-partnership and that since section 33 of the Partnership Act 1890 provides for dissolution on the bankruptcy of one of the partners a winding up order on this ground should be made. Pennycuick J. rejected this argument on the ground that, since the 'partnership' had been transformed into a company ...
Company Law, Tort Law, Conflict of laws: A number of Zambian citizens were entitled to be a group action in the UK courts against Vedanta Resources PLC in respect of alleged harm to the health and farming resources arising from the Nchanga Copper Mine which was operated by a Zambian subsidiary of Vedanta Resources (Konkola Copper Mines). [20]
Of course, judges, with due regard to the facts of the particular cases before them, have, naturally, referred to the company's solvency or insolvency, as the case may be, as emphasising the desirability of their dismissal of an application to restrain winding-up proceedings or of granting an injunction to restrain such proceedings, as the case ...
A. Aberdeen Rly Co v Blaikie Bros; Adams v Cape Industries plc; Allen v Gold Reefs of West Africa Ltd; Aluminium Industrie Vaassen BV v Romalpa Aluminium Ltd
While the above cases exemplify the circumstances where judicial dissolution has been found to be appropriate, dissolution remains “a drastic remedy.” 1545 Ocean Ave., 72 A.D.3d at 131.
Depending upon where the partnership was formed, English law, Scots law or Northern Irish law may apply in addition to statutes that create a framework across the UK. Under Scots law a partnership is a distinct legal entity and can borrow money from a bank in the name of the partnership, while English law only allows borrowing in the names of ...
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In law, dissolution is any of several legal events that terminate a legal entity or agreement such as a marriage, adoption, corporation, or union. Dissolution is the last stage of liquidation , the process by which a company (or part of a company) is brought to an end, and the assets and property of the company are gone forever.