skip to Main Content
 +46 8 791 8944 support@translegal.com

In the sale and purchase agreement, the parties agree to transfer title to the shares (share acquisition) or the assets of the business (business acquisition). The SPA will state the amount of the purchase price (or consideration), the form it…

Read More

The profits of a company are generally distributed to shareholders by the company paying dividends. Ordinarily, the company may only declare a dividend if there are profits available, and a shareholder will be entitled to receive dividends in the order…

Read More

Article: Shareholders’ liability A shareholder of a company limited by shares has limited liability. This means that the shareholder is not liable for the acts and omissions of the company. The liability of the shareholder is limited to the nominal…

Read More

Officers and directors of companies have a duty of loyalty to the company in their dealings with the company. This means that their actions must promote the interests of the company and not be intended for their personal gain at…

Read More

Shareholders exercise their powers by passing resolutions in shareholder meetings. There are two types of meeting: the Annual General Meeting (AGM), which is held once a year, and other general meetings (eg Extraordinary General Meetings (EGMs). The board of directors…

Read More

The first shareholders of a company on incorporation are the subscribers. New shares are allotted/issued by the board of directors, if it has the authority to do so, and existing shares are transferred by current shareholders to other shareholders or…

Read More

In most jurisdictions, the officers of the company are elected by the board of directors and serve at its pleasure, absent an employment contract. The officers of a company are regarded as employees and agents of the company. The company…

Read More

In some countries, the initial directors of a company are designated in the charter or by the incorporators. After this, directors are elected by the shareholders at shareholders’ meetings. Pursuant to statutory authority, the company's bylaws normally empower the board…

Read More

Officers are usually appointed annually by the board of directors and, therefore, serve at the will of the board. In some corporations they may also be appointed by the president. Officers can generally be fired with or without cause. The…

Read More

Bylaws (in a UK company called the articles of association which contains similar provisions) are the rules and administrative provisions that govern the internal structure of the corporation and regulate the way in which a corporation’s internal affairs are governed.…

Read More
Close search

Cart

Back To Top

Expand your Legal English vocabulary word by word

Online and free each and every week!