29 August 2011
See General Meeting
...»
26 January 2012
Commercial disputes, which the parties are not able to settle
amicably, may be settled in many different ways: by going to court,
by Alternative Dispute Resolution (ADR) or by arbitration. Each of
these ways to settle disputes carries its own advantages and
disadvantages....»
26 August 2011
All limited liability companies must have an adopted set of
articles of association (sometimes referred to as by-laws), which
serve as the governing statute of the company. A wide range of
issues may be regulated in the articles of association, but in most
jurisdictions always including the following:
- Name of the company,
- Share capital,
- General meeting,
- Governing bodies,
- Rules of representation,
- Financial year and audit....»
6 February 2012
A business may choose to establish a local office,
representation, or manufacturing site in a foreign country. This
may be done either by way of a subsidiary company or a branch. When
choosing between the two, multiple issues should be considered.
Legally, the main difference between a subsidiary and a branch is
that the subsidiary is a separate legal entity with assets and
liabilities of its own while a branch is not a separate entity and
therefore merely forms part of the assets and liabilities of the
"parent"....»
29 August 2011
See Articles of Association
...»
29 August 2011
A company (or corporation) is a legal entity through which its
(ultimate) owners conduct business in form of trade, manufacturing,
investment, services, or any combination hereof. A company may be
of limited or unlimited liability. The company always being fully
liable for its own obligations, this distinction refers to whether
the owner(s) of the company are liable for the obligations of the
company or whether their liability (financial risk) is limited to
the capital they have provided or undertaken to provide for the
company....»
27 February 2012
A parent company with its one or more subsidiaries constitute a
concern, often also referred to as a group. Each company within a
group forms its own legal entity with separate assets and
liabilities. The concern as such does not generally carry any legal
personality....»
19 September 2011
Denmark is a constitutional monarchy located in Northern Europe,
including North Atlantic self-governing territories in the form of
Greenland and the Faroe Islands. It is the world's oldest
monarchy.
Denmark enjoys a high level of income and a good business
environment....»
29 August 2011
When an employment is terminated by the employer, this is in
non-legal language often referred to as a dismissal of the
employee. Especially in the case of high-level employees and
executives, due consideration is called for on both sides in order
to handle a dismissal appropriately....»
29 August 2011
A manufacturer of a product may choose to leave it to a third
party to sell its product to customers. The terms of such an
arrangement are included in a distribution agreement. Typically, a
distribution agreement is limited to a certain geographical area
where the distributor has local knowledge of the markets and
business framework and has his place of business....»
