考试时写题目中的?续 incur debts 是否?足

Info icon This preview shows pages 3–5. Sign up to view the full content.

View Full Document Right Arrow Icon
考试时写题目中的继续 incur debts 是否满足 588G 1 Some actions are deemed to be debts but are not ‘true debts’ – see 588G(1A) eg declaring a dividend uncommercial transactions share capital transactions incur a debt 的 范 围 很 广 : 公 司 在 insolvent 的 情 况 下 借 钱 , 购 买 inventory declare dividend, share capital transaction ,uncommercial transaction 算公司 insolvent trading 考试 tip 1. 如果 breach s180 系列, Daniel 做错了一个决策,如果做的这个决策 公司 insolvent , 同时也会 breach s588G 2. s588G 必写 S588H S588H defence 如果满足以下六条的其中一条就可以不 breach s588G (2) Director has reasonable grounds to expect, and did expect, that company was solvent and would remain solvent. Director 有充分的理由和证据认为公司处在 solvent 的情况 (3) Delegation and reliance on competent and reliable person
Image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
(4) absence from management, due to illness or other good reason (Deputy commissioner of taxation v clark) (5) +(6) director took all reasonable steps to prevent the company incurring the debt 通常一条都不满足在考试中 Consequence of breach s588G: *Civil penalty provision 1317E (1) pecuniary penalty up to $200,000 s1317G (2) disqualification s206(c) (3) company can seek compensation from director s1317H (4) liquidator can seek compensation s588M (5) an unsecured creditor can seek compensation s588S& s588T *Strict liability and absolute liability (criminal code) under s588G 3 5. Duty to act in the best interest s181 Apply to officer and director ( 包括 manager) S181 regulate that director must: 1 act in good faith in the best interests of the company as a whole 最大化公 司的利益 and 2 exercise power for proper purpose. S181 相对应的 common law duty to act bona fide and best interest & Duty to exercise power for proper purpose. ******S181 Part 1 --act in the best interest of the company as a whole 情况 1-----when company is solvent. a. director must look at the company as a whole not employee directors or particular stakeholder group (其他利益相关者 e.g. officers b. director must compete interest c. director must act fairly between different classes of members 解释: *based on Greenhalgh v Arderne Cinemas 最大化公司的利益就是最大 化全体股东的利益,不是最大化员工的利益,不是最大化某一个股东利益。 只有公司没有最大化公司的利益才算 breach s181. 有一个例外:( Coleman v Myer )一家公司有 A B 两个股东各占 50% shares ,这时出现 C 告诉 B 他愿意出 5 倍的价格购买 B shares. B 为了拿到 更多的钱,和 A 说出 1.5 倍的价钱买 A 的股票,这时 B 成为了公司唯一的股 东,并以 5 倍价格把 shares 全部卖给了 C. A 得知了这个消息之后告 B 没有 最大化 A 的利益。法庭判 B breach s181. 因为这种情况下,判决: A rely
Image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern