1A.
During the Merger of AB and YZ into MN, an issue relating to licence keys will arise because of the Copy Right Act of 1988. This is as the software that was previously licenced to both companies has now become invalidated due to the fact it was licenced to each individual and respective company, but not MN as a whole. Therefore any software used in the development and hosting of the database and website, will now have to be renewed.
For the merging of the systems and newly built website, the Supply of Goods and Services Act 1982 would expect a reasonable level of quality that someone, who is in the business would be expect from web design and database systems university graduate. The Supply of Goods and Services Act also stipulate that we should agree to a cost that is reasonable for part time university students. This could be around 3-4k for the website and around 2k for the database integration. A time scale of around three months should also be set; this will be to allow the student to carry on with their study while working for MN.
We should also be aware that a website made by students may not have the most secure systems employed, and a data breach could be possible. If a data breach does happen then the impending ICO enquiry for breaking the Data Protection Act 1998, will land squarely on our shoulders. This is as the courts will not accept our decision to allow students to become MN’s data controller.
Systems should also be in place to automatically delete
The increasing depth and volume of personal and corporate data make it a more rewarding target for cyber criminals these days. At the same time, greater connectivity provides more potential attack vectors. Below are some of the cyber threats that educational institutions come across.
Based on the case scenario, Doris, Betty, and Charlie formed a company called Bechdo Pty Ltd. The three members are the directors and Betty who is major shareholder holds 40% followed by Charlie and Doris who hold 20% each while the 20% is held by the rest. Based on the company constitution, a managing director has capacity to enter into a contract o behalf of the company up to a maximum of $100,000. Moreover, he/she can enter into contracts to the value of $900,000 upon getting consent for the board of directors. In this case, Bechdo Pty Ltd operates without a managing director since none was elected. The major issue is that Betty being the majority shareholder went ahead and entered into contract with BB Ltd, Jillo Pty Ltd, and
Mary Aah argument stated if the net assets of the combined company are worth more than the date of the merger, and then there should be no impairment of goodwill. Goodwill is less than the fair value which the goodwill is reduced to bring the assets value to the carrying value. FASB Statement No. 141 Business Combinations addresses financial accounting and reporting for goodwill and other intangible assets combined the two companies in acquisition. FASB Statement No. 164, Not-for-Profit Entities: Mergers and Acquisitions, addresses financial accounting and reporting for goodwill and other intangible Assets acquired in an acquisition of a business or nonprofit activity by a not-for-profit entity at
In a perfect world, the capacity to place material in a World Wide Web (WWW) has pulled in countless. Hence, development of programming applications kills many-sided quality and inconvenience included in composing HTML. This move results to more sites, which are made utilizing humble level of web outline education. Clearly, individuals are gradually grasping the business utilization of web and WWW. This move has raises an extent of issues that remaining parts unsolved. The prickly moral issues incorporate protection, individual data, protected innovation, and digital wrongdoing. Security is an individual case of appreciating free space described by free from reconnaissance or interference. With a wise framework, a great many clients are liable to reconnaissance a move that undermines singular protection. Further, client data, for example, Visa card number goes through an arrangement of stage for confirmation, which triggers attack of protection. Boundless data use triggers responsibility for outcome moral issue. This move is adapted towards shielding institutional qualities and the bigger society. As being what is indicated, Kirby must build up the best component of managing the responsibility issues. Furthermore, the idea of PC wrongdoing data accessibility coming about because of approved access, utilization, adjustment and demolition of
The root problem is that HOPE recipients’ confidential information was able to be leaked over the search engines because of technicians’ human error by not transferring over the vital file to the servers when they performed a software upgrade. However, although this breach of confidential information was known, measurements was not quickly put in place to have the matter rectify, to prevent more threats. The relevant authority although being aware of this serious matter, failed to inform the students, therefore the trust was lost and a major concern to future recipients about the safety and security of their confidential information.
In 1954, Alpha Plastics was founded near Manchester. And by the mid 1969’s, the company had developed into a medium-sized company with around 6,000 employees. The company was famous for developing and manufacturing a wide range of laminates and industrial adhesives. Also, it had explored the market in synthetic fibre manufacture by take-over. In 1988, Alpha Plastics involved in merger with the Colmar Chemical Company, which is a slightly larger organisation with 8,500 employees and located near Stockport. Colmar produces a variety of industrial chemicals besides plastic and specialises in the production of synthetic fibres. Alpha Plastics believed that the merger would allow taking advantage of
The issues in the case of ‘Hawthorn Blood Supplies Co Ltd’, which is a listed company on Australian Securities Exchange (ASX), are concerned protection of shareholder’s and creditor’s interests. We will identify possible legal issues in the relation to the Corporation Act 2001 and discuss whether they have been any breaches of relevant common law rules and statutory provisions in relation to ‘capital maintenance’, ‘share buy-backs’, financial assistance’ and ‘payment of dividends’. We will also briefly discuss ‘particular relevance of section 588G’ in relation to Roger.
Organizations need to design a strategy that allows the members –in this case; the rector, lecturers, university staffs, and students– to have private and secure access to information. During observation on the research site, it is assumed that the organization have implemented this strategy appropriately. Yet, further planning on privacy and security matters is critical to embrace forthcoming challenges.
Mergers occur on a regular basis and raise integration challenges not only in relation to the actual work performed but for all staff members. Multi-national mergers can be even more challenging due to distance, the different national cultures, and different management styles.
• Gower and Davies’ Principles of Modern Company Law, Even if you do not purchase a copy of this book it is highly recommended that you read this comprehensive coverage of modern company law.
Master thesis Autumn semester 2007 Supervisor: Professor Tomas Blomquist Authors: Hoang, Thuy Vu Nga Lapumnuaypon, Kamolrat
The issue here is whether john could prevail in court by alleging the he was breach the contract with Diamond Car Sales, does he should stop his trading. This essay will apply law theory and precedent cases to distinguish john case. The principle of corporate entity was established in the case of Salomon v A. Salomon, now referred to as the 'Salomon' principle
Just like everything else there are laws that are placed on the internet and these laws are expected to be followed. When these laws are broken they can be punishable under two categories, Federal or International (being that it is a World Wide Web database(No one owns it)). It is important to teach students these laws and the consequences of breaking these laws. Because it is easier to teach a child something then to teach them as a grown adult.
* Unabsorbed expenditure on scientific research of the amalgamating company will be allowed to be carried forward and set off in the hands of the amalgamated company.
For around 25 shares of Re 1 of CBoP, an investor will get one share of Rs 10 of HDFC Bank. In last two days, share price of CBoP moved from Rs 49.85 on Wednesday to Rs 56.40 on Friday. However, it seems, investors of HDFC Bank did not like the development. The share price of HDFC Bank on Thursday moved up from Rs 1,534.50 to Rs 1,543. But on Friday, it fell sharply to Rs 1,475. Prior to this, in August 2007, CBoP was merged with Lord Krishna Bank.