Answer: Introduction This report is the study of the case ASIC v Vines 55 ACSR 617 that was the leading case of Australia. The facts had been analysed in the case introduction that will show that how Mr Vines had been negligent of his duties. The duties and responsibilities of an officer were breached as provided in the Corporations Act. After this case, several developments had been made in the field of Corporation law. The NSW Court of...Read More >>
Answer: Introduction The paper purports to discuss the case of ASIC v Padbury Mining Limited  FCA 990 that lays down discussion in relation to the duties of the directors under the Corporation Act 2001 (Cth). The duties of the directors are given by the members of the board of directors of a company who has been provided with the duties under the provisions of the statute as well as the common law. These are the obligations that are kno...Read More >>
Answer: Case Study: Australian Secureties and Investment Commission v Healey(2011) Introduction: The Australian Securities and Investment Commission (ASIC) had commenced proceedings against the directors, Chief Financial Officers of the Centro Property Trust (CPT), Centro Properties Limited(CPL) and Centro Retail Trust (CRT). The ASIC had alleged that the directors and the chief financial officers of the Centro group of companies had co...Read More >>
Answer: Introduction Corporations are non-individual body, which cannot act with it is own mind , so for this reason there are some directors and officers in every corporation who deals with people and take various decision in the course of running a corporation successfully. It is the duty of such appointed directors and officers to work in the best interest of the organization. Success of a corporate depends on the fact that how wisely it i...Read More >>
Answers: Introduction The case was initiated when ASIC brought a case against Fortescue Metals Group Ltd (‘FMG’) and Andrew Forrest (‘Forrest’ – Chairman and Executive director). In 2004-2005, FMG was involved in a project ‘Pilbara Infrastructure Project’ of exporting iron ore and mining. Both FMG and the Forrest enter into negotiations with three Chinese companies amid August – November 2004. ...Read More >>
Answer: Introduction Facts of the case There are two parties involved in the case, Australian Securities and Investment Commission - Plaintiff Padbury Mining Limited – First Defendant Gary Wayne Stokes - Managing Director -Second Defendant Terence Martin Quinn - Executive director/Chairman – Third Defendant The Defendant, Padbury Mining Limited, is a company (public company). Padbury Mi...Read More >>
Answer: Introduction In present market economies, the desirability of appropriate governance id usually promoted. Moreover, the variant which is not encouraged is that governance which is required for public interest can be developed only in the required form of market economy which is not present in the free market. As free-market represent specific interest group, who aim for their own objective even though other organizations resist there....Read More >>
Answer: Introduction: The Whistler Corporation is largely involved in the manufacturing of the radar detectors and according to this case study, back in 1987, it was losing an enormous amount due to inefficiency. Hence, it was decided that the operations had to be changed in order to ensure that the company continues its manufacturing in North America but improves them. Hence, various options were stated. This report shall identify each one o...Read More >>
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