LAW 712: Corporate Law - Stern Limited Case Study - Law Assignment Help

Assignment Task:

Q.1 

Stern Limited runs a very successful business and makes a good profit. However, over the past few years, the controlling directors have increased their remuneration so that it absorbs all the profits. Jacinta, who is a minority shareholder not on the board, gets no dividends and wishes to do something about this situation.

With reference to both statute and caselaw advise Jacinta as to what action/s she could take. 

or

Q. 2 

Part 1 - Bombazine was approached by Linen, a director of Textiles plc, and asked to supply catering services for Textiles’ hundredth anniversary party. Bombazine incurred costs in preparing for the event, but has now been told that Linen had acted without the authority of the board of directors who have vetoed his proposal. What are Bombazines rights? 

Part 2 – Textiles’ board has proposed that the company will contract with Threads Ltd to carry out an efficiency study. The principal shareholder and managing director of Threads are Taffeta; she is married to Cotton, a director of Textiles plc. Cotton fails to mention the connection. What is the legal position?

Part 3 – What is the legal implications for the following Textile directors?

(a) Tweed has been declared bankrupt.

(b) Denim has refused to attend any board meeting all year.

You must comply with the following instructions: 

1. Use size 11 Arial Font for the text of your answer and size 10 for footnotes. Smaller font sizes are inappropriate and will be penalised on the grounds of presentation. 

2. Use 1.5 line spacing for the text of your answer and single line spacing for footnotes. Single line spacing for the main text is inappropriate and will be penalised on the grounds of presentation. 

3. You must not write more than 3000 words for the answer to the question selected. The 3000-word limit does not include a title page, bibliography or footnotes. 

4. Read widely before starting to write but (subject to 10 below) the assignment must be written in your own words. Plagiarism is a disciplinary offence. Your assignment submission will be analysed using anti-plagiarism software. 

5. It is perfectly acceptable to quote from published sources providing that full references are provided for each quotation. 

6. Add a bibliography, listing the books and articles (but not the cases or legislation) you have referred to when writing the assignment. The bibliography must conform to the OSCOLA guidelines. If you wish to list the cases and/or legislation that you have referred to then these should be listed in a separate “Table of Cases” and/or “Table of Legislation” after the bibliography.

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