New chemical entity

The issue in this case was whether PHBV was the BO on dividends paid by Prevost. This court has considered the “BO” meaning under an OECD tax treaty and used a form over substance approach to determine whether PHVB is the holding company for Prevost. The tax authority argued that the PHBV was not the BO of dividends received from Prevost. However, the court disagreed by relying on Canada’s domestic law definition of BO as “the person who “receives the dividends for his or her own use and…

During week one the class reviewed chapter one which discussed the corporation and its stakeholders. One matter that I found interesting was that I never knew that there were two types of firms. I always thought that there was just one type of firm and the only difference was what type of services or products they sold. From this reading, I learned that there are two different types of firms. The first type of firm is the ownership theory of the firm which states that the owner doesn’t care how…

In the days of asymmetrical warfare: chemical weapons are a mainstay. Chemical warfare has introduced a powerful weapon called blood agents; considered one of the most deadly. No one organization is a primary source of blood agents, but they are a threat of the destruction of organs within a living organism; the human body. The reduced cost of warfare by these agents increases the bang for the buck with less quantity storage or hiding in plain sight made accessible. Past events such as the Tokyo…

In addition to insurers and producers being subject to criminal penalties, federal and state law provides for criminal sanctions against any person or business that engages in criminal misconduct dealing with insurance matters. Licensed Business Entity Regulation In the earlier chapter we made a distinction between different types of licensees- producers, business…

The above principles, among others, facilitated the separation of ownership and control. 1.1 Separate Legal Personality Legal personality refers to the general and abstract capacity of a certain entity to operate as a legal subject. It suggests that a company is to be treated as a separate legal entity with an independent existence…

business owners can still be liable for business activities if they failed to follow corporate guidelines, commingled assets or acted recklessly (eHow,2015). The courts typically do not look behind the veil of incorporation if there a separate legal entity. But in certain circumstances, the court is willing to ‘lift the veil of incorporation’. The courts will lift the veil of corporation where the justice of the case demands or if the veil has been misused, this mean that a people who is…

Khagendra Ghimirey Professor Tae-Hee Jo Intermediate Microeconomics 14th November 2017 Summary of an article “Continued Evolution of Corporate Power” by William M. Dugger A corporation is very different from other form of businesses like sole proprietorship, Partnership, or Limited Liability Company. For example, while other form of businesses have particular owner entitled to the company, corporations doesn’t have owners, rather it is formed by the shareholders. In other words, Corporation is…

There are three main business entities can choose to form in Malaysia which are Sole Proprietorship, Partnership and Limited and Unlimited Company. It is not so difficult to understand these types of entities and the owner can know which entities is more preferable to the owner. There are few steps in forming a sole proprietorship and a partnership entity. Firstly, determine the name of the organization which is unused by any business establishment or other entities. Register the business name…

Edelweiss Tokio Life – Protection – Overview Edelweiss Tokio Life – Protection is a non-linked, non-participating, term insurance plan. This pure protection plan offers complete protection to the loved ones in the event of the demise of the life insured (primary breadwinner of the family). This cost friendly solution allows the family to realise their dreams and maintain the same lifestyle even in the absence of the life insured. It provides a lump sum amount to the nominee on the death of the…

have two option in front of them, which are – either to increase the premium to increase the profits, which is not possible due to the competition, or to reduce the cost which can be done by claims control. Taking a look at the four P model from a new perspective, it is found that the more…