Dec 4, 2024
When an owner's shareholding in a limited company rises above 90 %, the right and obligation to redeem arises under the Limited Liability Companies Act. The size of the limited liability company or whether it is an ordinary limited liability company or a public limited liability company (plc) is irrelevant...
Dec 4, 2024
Termination of employment terminates the employment relationship immediately and without notice. Termination is based on a fault on the part of the contracting party, such as a material breach or neglect of obligations. Since termination is a more drastic way of ending a contract than dismissal...
Dec 4, 2024
Termination of an employment contract is one way to end an employment relationship, but its use is quite limited. It is based on the employee's absence from work and failure to notify, and cannot be used on any other grounds. Termination of employment contract...
Dec 4, 2024
From the buyer's point of view, a breach of contract often results in a claim for remedy, re-delivery or a price reduction, as well as damages and non-performance. For the seller, the buyer's breach of contract entitles him to claim...
Dec 4, 2024
Model contracts and standard terms and conditions usually facilitate the drafting of contracts. However, they come with their own challenges and risks. Model contracts are usually drawn up for standard situations and do not take into account the specific problems of each individual case....
Nov 5, 2024
Setting up a limited company is made easy, but dissolution is not. Dissolving a limited company is a carefully regulated process, where both the company law and tax issues have to be handled carefully and in the way required by law. The winding-up process involves...
