6:34 PM X a expert.chegg.com Bours 50822 v X = Chegg Time remaining: 01:59: 45 Economics Your employer, a medium sized Italian manufacturer of "high-end" components for domestic and professional sound systems, has asked you to move to Breda to become managing director of its small, and newly acquired, Dutch subsidiary limited company, Geluid, which makes audio speakers. When you arrive at Geluid's factory, you find that the company's board of four directors all resigned and left the company about a month ago: Geluid's business has been run since then by the (very harassed) factory manager. After you have gone through the company's records you find that . the outgoing directors have voted (after selling the company) to pay themselves 'departure bonuses' of 625,000 each, which are not provided for in their employment contracts; Geluid's 15 other employees have not been paid for two months and there is no record of their pay rates or other terms and conditions; you see that Geluid's largest customer, the chain retailer Asteroid, became insolvent about 6 weeks ago: it owes Geluid over E1 million for speakers supplied but not yet paid for; and the company's bank overdraft (current loans) are just over 6500,000. Your Italian employers ask you the following questions: a) are the bonuses paid to the departing directors in breach of contract? If so, how would you go about recovering them? How else might the former directors have broken the law? b) what legal rights do Geluid's remaining employees have against the company in these circumstances? c) what can you do about the money owed to Geluid by Asteroid ? What answers do you give them? Your answer Typed answers are easier for students to read than handwritten notes Submit Skip E A 0