A company can be likened to a human body. Financial distress and corporate collapse is usually dramatized in the media as a sudden occurrence, but this is almost never the case. There is usually ample warning of impending doom, but many companies either ignore the warning signals or try to […]
Early insolvency law was dominated by punitive approaches and it was not until the early eighteenth century that notions of rehabilitation gained force. Insolvency was seen as an offence little less criminal than a felony and was punishable by detention in person at the creditor’s pleasure in debtors prisons. The […]
Insolvency refers to the regulated legal process that ensues upon the bankruptcy of a company. Insolvency laws prevent a chaotic race to protect interests would take place and this might produce inefficiencies and unfairness
An employer is a person or other legal entity that controls and directs the actions of another person, called a worker or employee under an express or implied contract of employment and pays (or is obligated to pay) him or her salary or wages in compensation. The employer has duties […]
Did you know that some businesses are paying their employees in Bitcoin and other cryptocurrencies? The rise of cryptocurrencies and other digital currencies appears to have expanded the definition of money and has created a conversation around the role of central banks and other regulators. A cryptocurrency is a digital […]
The aftermath of the Harvey Weinstein revelations has unearthed a depth of ignorance around the whole issue of sexual harassment. There has been the routine conflation with assault and then panicky addition of “alleged” to the end of every sentence, along with wild assumptions about its rarity and triviality. For […]
Captain Dan is a pilot who was formerly in the employment of Highland Airways Ltd. A year before his resignation, the company expended substantial amounts of money in sponsoring 2 specialised trainings for Captain Dan in order to improve his skills and increase the number of planes he could fly. […]
New employees are often subject to probationary periods during which their suitability for employment is evaluated. These are defined periods of time (which are often for three months but can be longer) that are established at the beginning of employment. This period often provides an employer the ability to terminate […]
Amaka started working as an analyst in a commodities brokerage located in Victoria Island. Shortly before her employment, the Human Resources manager had resigned due to a dispute with the senior management. Due to this state of affairs, Amaka was not issued with an employment letter by the company and […]
Balogun is a banker approaching his 55th birthday. After a 30 year career as a banker, and seeing several people make their fortunes in real estate, he has decided to become a real estate investor. His plan is to invest in underpriced property, with the objective of renovating the buildings […]
