GCC construction sector is witnessing an unprecedented boom which has been on going since 2002. The main driving forces have been high oil prices, renewed liquidity, and strong investor confidence. With oil price firmly fix above US dollar 60 a barrel and about at the mid of January 2009 consisted of 1,289 projects totaling USD 1.28 trillion. In terms of cash flow, USD 11.2 billion is projected to be spent in January 2009; approximately 1% of the total budget. UAE construction activities are...
The question is difficult to answer; I will therefore briefly concentrate on an analysis as it is currently presented. The use of the word 'idolatry' is ambiguous in the question and throws up confusion in analysing the rule of law. The author perhaps meant it in the more colloquial sense of worshipping a false idol, the implication behind which would be that the Rule of Law is a concept that obscures or diverts societies from an apparent post-modern or realist truth. However 'idolatry' has...
What Does The Contract Provide? The best possible scenario when selling land is for the sale contract to refer to a list of items as being included or excluded. In residential transactions, the seller usually completes a fittings and contents form and a specimen form TA10 can be found on the Law Society website.The seller lists those items remaining at the property as well as those that will be removed. In addition to referring to the list, the contract will state whether any part of the...
Identification And significance Fraud On The Market A theory of 10b-5 liability, established by Basic, related to the efficient market hypothesis, which presumes that investors who bought or sold a security did so in relying on the integrity of the market price of that security. Thus, as plaintiff does not have to prove the reliance upon the misrepresentation, it does not create a barrier for 10b-5 application. The reliance is, however, rebuttable.Several rather problematic questions to be...
2) The bench that was sitting was:McMurdo P- President McMurdo and in speech the judge would be referred to as her honorMcPherson JA- Justice of Appeal McPherson and in speech the judge would be referred to as His honorMackenzie J ' Justice Mackenzie and in speech the judge would be referred to as His Lordship.3) The appellants are a couple by the name Mr. and Mrs. Cunliffe and they opted to represent themselves as far as the issue of counsel was concerned. They therefore addressed the court...
“An application for setting aside which is made within the 18-day time limit will prevent the creditor from presenting a bankruptcy petition in respect of that statutory demand unless and until the application is dismissed (IR 1986, r.6.4(3) and r.6.5(6)). If the 18-day deadline has expired the recipient of the statutory demand can apply for an extension of time together with (if necessary) an injunction restraining the presentation of a bankruptcy petition. (…) Challenge...
Mere puff is a statement made in bluff in order to facilitate a commercial agreement and the court will not recognize this as a valid contractual term. A collateral statement that not everything said during the negotiations for a contract end up being actual terms of the contract and this will become a representation. Whereas a term if breached will give rise to legal liabilities and the innocent party is entitled to sue the person who breached the contract, hence the innocent will recover the...
To establish whether the aspects of wrongful and unfair dismissal merit reform we must first identify how the two notions have affected the law till today, and how effective the remedies are of each concept. Unfair dismissal is a completely distinctive concept first established by the Industrial Relations Act 1971 which has been modified by Section 94 of the Employment Rights Act 1996 (ERA 1996) which now provides that an employee has the right not to be unfairly dismissed by his employer.It is...
From the question, we have been told that there are similar materials facts to one decided by the Court of Appeal in year 2009. In year 2010, similar case occurs and Mr. Justice Peter as the high court judge. Whether the decision decided by Court of Appeal is bounded or not, first of all we must understand the hierarchy of court structure in Malaysia and the theory of doctrine of judicial precedent.The doctrine of judicial precedent2 is concerned with the importance of case law in our system. ...
Introduction The concept of business law involves essentially a consideration of the perennial issue of One to Many and it is necessary element for the existence of a contract.Why is consideration important? Contract law relies on consideration to determine, of the many promises made each day, which should be legally enforced .  Consideration is essentially a legal detriment incurred by the promisee in exchange for a promise. A legal detriment by definition is the relinquishment of a legal...