Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Company Law (HK) : Calvin was, by way of a contract, appointed managing director of Alpha Ltd (AL) for 5 years. Two years into the

Company Law (HK) : Calvin was, by way of a contract, appointed managing director of Alpha Ltd (AL) for 5 years. Two years into the contract, Alpha Ltd was taken over by Beta Ltd (BL) . Beta Ltd altered Alpha Ltds articles of association, empowering 2 BL directors and secretary to remove any director of AL by written instrument, irrespective of the terms of his contract. The new articles had been appropriately adopted and relevant procedures properly followed. BL exercised this power and removed Calvin prior to the expiration of 5 years. Advise Calvin.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Process Modeling Simulation And Design

Authors: Manuel Laguna, Johan Marklund

3rd Edition

1138061735, 978-1138061736

More Books

Students also viewed these Accounting questions