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I have treated it as a partnership, and under the Partnership Act of course the application for a dissolution would take the form of an action; but this is not a partnership strictly, it is not a case in which it can be dissolved by action.
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 ...
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
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]
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 ...
The case summaries below are not official or authoritative. Unless otherwise noted, cases were heard by a panel of 5 judges. Cases involving Scots law are highlighted in orange. Cases involving Northern Irish law are highlighted in green. List of judgments of the Supreme Court of the United Kingdom delivered in 2009
United Kingdom company law regulates corporations formed under the Companies Act 2006. Also governed by the Insolvency Act 1986, the UK Corporate Governance Code, European Union Directives and court cases, the company is the primary legal vehicle to organise and run business.
As a company nears insolvency, UK law provides four main procedures by which the company could potentially be rescued or wound down and its assets distributed. First, a company voluntary arrangement , [ 90 ] allows the directors of a company to reach an agreement with creditors to potentially accept less repayment in the hope of avoiding a more ...