The Role of the Supreme Court in Shaping Law
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Some jurisdictions also allow companies to be wound up on “just and equitable” grounds. Generally, functions for just and equitable winding-up are brought by a member of the corporate who alleges that the affairs of the corporate are being conducted in a prejudicial method, and asking the court to bring an finish to the corporate’s existence. For obvious reasons, in most international locations, the courts have been reluctant to wind up an organization solely on the idea of the frustration of one member, regardless of how well-founded that member’s complaints are. Accordingly, …
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