Question
BACKGROUND Your client Big Money Limited is making series of investments across the world. The company would like to establish a new corporate office in
BACKGROUND
Your client Big Money Limited is making series of investments across the world. The company would like to establish a new corporate office in a country of your choice. To do this, three important steps have to be taken.
First, Big Money Limited must purchase a commercial building in a capital city or main commercial area, the building having up to 100,000 square feet of office space. The budget is USD$5million and the purchase is being financed by a loan being taken from a major commercial bank in same city where the building is located.
Second a Chief Executive Officer has to be hired. The budget for compensation is USD$2.5 million annually together with the usual benefits given to a Chief Executive Officer including stock options and a Golden Handshake.
Third, a private jet has to be leased for a period of 3-5 years, with seating for up to 8 persons including crew and capable of travelling non-stop for up to 1500 nautical miles. The budget is USD$5.5 to USD$7.0 million.
Required
Prepare a two-page report for your client Big Money Limited in which you Identify and briefly discuss any five (5) areas of Business Law involved in the three (3) transactions discussed above. For each of the 5 areas selected- refer to one (1) article or other reading/Course material
* Report Format:
a.Background
b. Identify/briefly describe any five (5) areas of Business Law involved in the three (3) transactions involving your client Big Money Limited.
c. Conclusion/Summary/Advice
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