First, I would like to stress the point that it is important for each shareholder, particularly, in joint-stock companies to learn that the company law gives shareholders certain legal rights and protection against some specifics by the company or the Board or the management. The statutory protection is provided for
A basic principle of corporate governance relates to the Board of Directors of the company, wherein the company shall be headed by an effective, collegial and informative Board. Herein, you need to ask yourself, where do we stand? To achieve the goal, members of the Board should understand their role
It is very important for all to know that they may lose their right if they don’t claim on time. In other words, the Statute of Limitation have caused title to pass from one to another or at least barred recovery. He who uses your land or lives rent free,
Green finance, is having attention of all including Group of 20, who rang the bell to announce the real concern about the risks we are facing due to environmental hazards causing, climate change, pollution, desertification, epidemics and others. Presidents, unanimously called for drastic global steps. They called for steps to
During seventeenth century, trade was active and the law accepts and recognizes the concept of negotiable instruments to facilitate different commercial transactions in a legal smooth way. The negotiable instruments cover many instruments, however, the most prominent in use, apart from cash money, are the bills of exchange, promissory notes
A contract for the sale of goods, as per the law, is a contract by which the seller transfers or agrees to transfer the property in goods to the buyer for a money consideration called the price. Generally speaking, it is not necessary to observe complex formalities to create sale
Data protection becomes important issue, as IT overwhelmed business. The EU, issued the General Data Protection Regulation (GDPR). Such principles include collection, organization, structuring, storage, alteration, consultation, use, communication, combination, restriction, erasure or destruction of personal data. They cover, lawfulness, fairness, transparency, purpose, data minimization, accuracy, storage, integrity, confidentiality and
If a bank lends money, they normally look for guarantees from the trader, partner, or company directors. Those, promise to meet debts from their personal resources if business fails. Bank guarantees are usually joint or several, as any of them is obliged to pay the debt and sue others. Guarantees
A major principle in securities markets law, provides that trading in the market shall take place only through licensed brokers. Trading shall be confined to licensed brokers to ensure that the business is undertaken by professional, qualified and trained bodies with the aim of protecting investors. The law allows the
Businesses are required to operate under one of several legal structures that determine the rules and regulations of the operation. As per the Company Law in Bahrain, there are 8 types of companies. LLC, recognized among them, is a kind of business structure that combines features of partnerships, sole proprietorships