Companies Act

Piercing the corporate veil

One of the fundamental principles of company law is that a company is an independent legal entity whose assets are separate from the assets of its founders, members, and shareholders. This principle gives rise to the rule of limited liability: as a rule, a member of a limited liability company, a limited partner in a…
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Companies Act

Additional payments of the company member

Additional payments, as well as the loan to the company is one of the several possible ways of financing the company by a member of the company. The provisions of Articles from 178 to 180 of the Companies Act regulates the following issues related to additional payments: manner of establishing the additional payment obligation, consequences…
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