Although the detail remains to be seen, a possible mechanism to give effect to the ‘safe harbour’ is a ‘business judgment rule’ similar to the rule that already exists in relation to directors’ duties. Directors are deemed not to be in breach of their duties to the company if they discharge their duties in good faith and for a proper purpose, inform themselves about the subject matter of the judgment to the extent they believe is appropriate and rationally believe the judgment is in the best interests of the company. … [Read more...] about Safe Harbour’ For Insolvent Trading: Australian Reforms Encourage Business Activity
Dismissing the appeal as being “misconceived, malafide and mischievous and only a ploy to buy more time”, Justice Hima Kohli observed, “The appellant and several other litigants like him seem to be harbouring an impression that by engaging in prolonged litigation, they would not only manage to deprive the lawful owner of the right to enjoy her premises, the said litigation will also give them a handle to occupy the same for a song. It is high time that such devious attempts are curbed and clipped.” … [Read more...] about Devious Attempts At Vexatious Litigation Needs To Be Curbed: Delhi HC [Read Judgment]
Legal safe harbour: Firms that disclose clients’ private information as part of a report to government agencies, law enforcement or a trusted contact person should be protected from legal or regulatory liability, as long as the disclosure was made in good faith, the authors say. … [Read more...] about Elder financial abuse a pressing issue
We pay for your stories! Do you have a story for The Sun Online news team? Email us at [email protected] or call 0207 782 4368 . You can WhatsApp us on 07810 791 502. We pay for videos too. Click here to upload yours. … [Read more...] about Does Roman Abramovich have Israeli citizenship, what’s his net worth and when did he divorce Dasha Zhukova?
In November 2013, Egli's Swisspartners Group provided records on 109 clients to the U.S. Department of Justice, court documents show, helping his company secure a relatively mild $4.4 million settlement deal with American prosecutors aggressively pursuing tax cheats with wealth stashed abroad. [https://reut.rs/2NzxLWs] … [Read more...] about Asset manager who helped U.S. find tax cheats beats Swiss spy charges