In our October 2010 edition of Middle East Exchange, we looked at the general duties which directors and managers of UAE companies owe to their companies and their shareholders. In this edition, we consider the position where the company's financial position deteriorates. As directors or managers struggle with the inevitable commercial and operational pressures, what additional legal responsibilities and potential liabilities does UAE law place upon them?
Filed under:
United Arab Emirates, Company & Commercial, Insolvency & Restructuring, Herbert Smith Freehills LLP, Conflict of interest, Bankruptcy, Shareholder, Board of directors, Market liquidity, Liability (financial accounting), Good faith, Misdemeanor, Cashflow, Articles of association, Annual general meeting, Diversification (finance)
Authors:
Location:
A purchaser of a business who fails to consider the seller's Georgia sales and use tax obligations does so at the purchaser's own peril. In the recent tax case of JD Design Group, Inc. v. Graham, the ruling by the Georgia Supreme Court makes that point all too clear.
Background
Filed under:
Location:
Introduction
Filed under:
Location: