Every person exercising public authority must properly apply the law for the benefit of the public and without interfering with any recognized right of any person. Indeed, such person is given a second opportunity to...
The security afforded to a company creditor by a debenture of floating charge on the assets of a company proves its worthiness when the company does not meet its obligations and the creditor exercises the right to...
A partnership is a form of economic activity carried out by persons conducting joint business for profit and is not considered to have a separate legal entity, but shares responsibility with the partners whether it generates losses or profits ...
THE protection of the rights of the creditors and the assets of a company against which a liquidation application is pending may be a good reason for stay of a lawsuit or other proceedings pending against the company until the issuance of the liquidation order...
A company’s receiver is appointed by a secured creditor, a debenture holder under a floating charge, and acts as a representative of the company ...
THE purpose of the registration of a company with more than one member is to join financial resources, experience and business skills in pursue of the maximization of profit in favour of every person investing capital in the company ...
THE creation and registration of a pledge over a certificate of a company’s shares in favour of a creditor - pledgee constitutes a form of security provided for the repayment of a debt or the fulfilment of a promise...