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Assignment BULAWA 5915 Corporate Law

Added on - 19 Feb 2020

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Running head: CORPORATE LAWCorporate LawName of the StudentName of the UniversityAuthor Note
1CORPORATE LAWTable of ContentsPart A...............................................................................................................................................1Part B...............................................................................................................................................7Reference.......................................................................................................................................10
2CORPORATE LAWPart A1.Phoenix ActivityPhoenix Activity is a term which defines a particular process where a newcompany has formed for the when an old company has failed to process the corporationdue to some failure according to the tem of the corporation. The corporation act hasdefined the Phoenix Activity for both legal and illegal ways. It is a process where acompany has provided with the entitlement with commercial entity where it gets involvedwith the insolvency of the corporation process (Anderson, et al. 2016).The Phoenix Activity only gets the involvement where the authority of theprevious company has emerged with any failure then they formed another similarcorporation where the Phoenix Activity helps to operate the company for gaining theirloss and runs the business (Giardina, & Pinto, 2014). Therefore if the illegal activity hasbeen identified in the application of phoenix activity then it will describe the corporationcondition for the illegal intension by the unsecured creditors for operating the similarbusiness. It also identified as legal process when assets of the corporation has been takencare for the application of jobs and other entitlements through the employees for thebenefits in the employments (Hedges, et al.).2.Phoenix Activity is found helpful and profitable when it become helpful for the societyand also applicable in the crisis management when the corporation is under the financialdistress. It only occurs when the Phoenix Activity application is became illegal for thecompany management (Giardina, & Pinto, 2014).
3CORPORATE LAWThis activity is basically applied on the company when it identified as a illegalcorporation and therefore they use the resolve process in the corporation business. Theregulators are applied also for the recovery of the loss for the illegal corporation process.It has been also found that in this matter the incorporation of the successor company willapplied the regulators for following such evidences. The Phoenix Activity always appliedon the corporation individually where it functioned in a multiple corporate process in acertain periods. The application of the Phoenix Activity has found to process for theprotections of the corporations like the Royal Commissions, various parliamentarycommittees and law govern bodies (Giardina, & Pinto, 2014). It is only for the limitedliabilities companies where they suffered due to the illegal conducts. The PhoenixActivity sometimes uses the wastes corporate assets which provide the priorities ofinsolvency while they transferred the whole assets to the new company along with thenew entity (Anderson, et al. 2016).3.While the affected company is suffered due to the financial disabilities, deliberate andsystematic liquidation then the Phoenix Activity is defined and applied for such condition(Hedges, et al.). The corporate trading entity also get affected when the Corporationinvolved with illegal or fraudulent intentions it only affected as helpful activity when theapplication of finish activity helps to avoid tax and every other liabilities with theentitlements of employment (Giardina, & Pinto, 2014). Now there is another processwhere the Corporation continues their business through a structural framework ofoperation which helps them to take the profits of the business along with thecollaboration of another trading entity and the Phoenix activity them help the company init. When the Phoenix activity is used in a several suggested process 8 only applicable
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