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The Introduction of the Statutory Merger in the Companies & Other Business Entities Act (Chapter 24:31)

The Introduction of the Statutory Merger in the Companies & Other Business Entities Act (Chapter 24:31)

The Introduction of the Statutory Merger in the Companies & Other Business Entities Act (Chapter 24:31) Introduction   The statutory merger, generally, is a simple, straightforward and effective procedure through which two or more companies may merge by agreement, with the approval of the prescribed majority of their shareholders, and without the need for any …

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The rights of minority shareholders

The rights of minority shareholders

The rights of minority shareholders The principle of majority rule established in the landmark precedent Foss v Harbottle (1843) 2 Hare 461, 67 ER 189 dictated for decades that a decision made by the majority shareholders was binding on the minority. However, this principle has been invalidated by the new Companies and Other Business Entities Act [Chapter 24:31] (the …

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The New Marriages Act

The New Marriages Act

The New Marriages Act Introduction   The new Marriages Act [Chapter 5:15] seeks to consolidate the law relating to marriages and ensure that parties to all types of marriages have equal rights and obligations. The Marriages Act introduces new laws and amends the existing marriage law regime. This article discusses these changes including the minimum …

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Grievance handling procedures in contracts of employment

Grievance handling procedures in contracts of employment

Grievance handling procedures in contracts of employment A grievance is any dispute, disagreement or conflict between an employee and employer relating to a violation of the employer-employee agreement, either as per legislation, collective bargaining agreement, employment offer, job description or policies and procedures. Grievances include issues such as management of employees, wages, and other issues …

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