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Since its invention, the limited liability company has provided firm protection for company assets against the personal liabilities and obligations of shareholders and directors. Riding on the back of the House of Lords’ decision in Salomon v Salomon [1897] AC 22, it is g..
The priority of creditors paid out of the proceeds of the sale of the assets of a company in receivership was recently addressed in the judgment of Heeralall N. v The Director-General, The Mauritius Revenue Authority 2024 SCJ 56. In this case, the order of p..
By way of Order 1/24, of 21 February 2024, the Angolan Central Bank (BNA) has issued guidelines for the “Recovery Plans” to be submitted by financial institutions (banks) under the Financial Institutions Law. This article gives an outline of the Order.
