Abdul Latif and Brothers Solidarity Company was established in 2016, where the company's article of association...
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Abdul Latif and Brothers Solidarity Company was established in 2016, where the company's article of association stipulated that all profits are transferred annually to Abdul Latif's account only, without his brothers. The company has been criticized for posting on Facebook a picture of a seventeen-year-old girl who does not wear a headscarf without her consent. In 2020, the company dismissed all female employees who work for it in senior positions on the pretext of their inability to perform the tasks assigned to them, even though these senior positions does not require a man to work in them. In 2021, one of the partners died and his 9-year-old heir took his place in the company without amending the articles of association or the type of company. Finally, the company stopped paying its debts since 2021, and in an attempt to obtain liquid funds, it deliberately burned the factory in order to take the insurance amount on the factory from the insurance company. The insurance company discovered this after paying the insured amount and wanted to recover the amount. Question 1 What is the type of company, giving the reason, and what is the most important characteristics of this type of company? (2 marks). Question 2 Are there legal loopholes in the company's articles of incorporation? Please clarify and mention the things that need to be done to correct the company's articles of association? (2 marks). Question 3 Determine the legal problems, or future lawsuits that can be filed against the company in detail, and the competent court to consider these lawsuits, and by whom are they filed? (4 marks). Abdul Latif and Brothers Solidarity Company was established in 2016, where the company's article of association stipulated that all profits are transferred annually to Abdul Latif's account only, without his brothers. The company has been criticized for posting on Facebook a picture of a seventeen-year-old girl who does not wear a headscarf without her consent. In 2020, the company dismissed all female employees who work for it in senior positions on the pretext of their inability to perform the tasks assigned to them, even though these senior positions does not require a man to work in them. In 2021, one of the partners died and his 9-year-old heir took his place in the company without amending the articles of association or the type of company. Finally, the company stopped paying its debts since 2021, and in an attempt to obtain liquid funds, it deliberately burned the factory in order to take the insurance amount on the factory from the insurance company. The insurance company discovered this after paying the insured amount and wanted to recover the amount. Question 1 What is the type of company, giving the reason, and what is the most important characteristics of this type of company? (2 marks). Question 2 Are there legal loopholes in the company's articles of incorporation? Please clarify and mention the things that need to be done to correct the company's articles of association? (2 marks). Question 3 Determine the legal problems, or future lawsuits that can be filed against the company in detail, and the competent court to consider these lawsuits, and by whom are they filed? (4 marks).
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Related Book For
Statistics for Business & Economics
ISBN: 978-1337094160
13th edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Posted Date:
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