问答题(b) issuing shares at a discount. (5 marks)

问答题(d) state the reasons why judicial interpretations are needed in the current Chinese legal system. (4 marks)

问答题(b) Assuming that the shareholders of Diamondtec (Pvt) Ltd decide to preempt proceedings by the creditors of the company by opting for the voluntary liquidation of the company, in relation to company law, explain the following: (i) The circumstances in which the company may be wound up voluntarily. (2 marks) (ii) The effect of voluntary winding up on the business and status of the company. (2 marks)

问答题(b) With reference to the legal characteristics of these types of security, explain the risks that Thanh should consider before taking his decision. (4 marks)

问答题In relation to the sources of law in the Hong Kong Special Administrative Region (‘the HKSAR’), discuss the following: ‘While statutory law is made by the Legislative Council, it is case law that gives meaning to the words of statutory law.’ (10 marks)

问答题In relation to company law, discuss the rule in Royal British Bank v Turquand (1856). (10 marks)

问答题In the context of employment law, state how the courts decide whether someone is self-employed or is an employee. (10 marks)

问答题In relation to the law of delict, explain the principle of causation. (10 marks)

问答题In relation to the legal system, explain the importance of the Constitution of South Africa. (10 marks)

问答题(b) state the exceptions to the principle that a company is distinct from its shareholders. (5 marks)

问答题(c) a counter-offer. (4 marks)

问答题Zafar is a partner of the firm Elixir Traders, which has been supplying cotton to textile manufacturers for the past decade. Last month, a casual vacancy occurred on the board of directors (‘Board’) of Fine Textile Limited (‘FTL’) a public unlisted company. Zafar, who has been well-known to the other members of the Board, was appointed to fill the vacancy. Last week, during a meeting of the Board (‘Board Meeting’), the matter of purchasing cotton from Elixir Traders was discussed. The Board resolved to purchase cotton from Elixir Traders. Zafar voted in favour of the resolution. Now, a shareholder of FTL has objected that Zafar has unlawfully influenced the matter to benefit his own firm and that he should not have been present at the Board Meeting. Required: Under the Companies Ordinance, 1984, advise Zafar on the validity of the shareholder’s objections, and the consequences for Zafar of the proceedings at the Board Meeting. (10 marks)

问答题(b) describe the remedies available in relation to a successful claim for unfair dismissal. (5 marks)

问答题Andrew is the owner of a bakery. There have been a number of burglaries in the vicinity of the bakery and he decided to install a security alarm system. He entered into a contract with Betta Security CC for the installation of the alarm. Andrew was requested to read and fill in a form confirming the order. The form contained a clause that ‘Betta Security CC accepts no liability whatsoever for any injury or loss sustained as a consequence of the wrongful installation or operation of any equipment supplied or fitted by it’. The installation of the alarm was carried out incorrectly. During the night the wiring short-circuited, which caused a fire that destroyed the bakery. Betta Security CC admits negligence but refuses to compensate Andrew for the losses sustained, relying on the exclusion clause. Required: Advise Andrew on the validity and consequences of the exclusion clause. (10 marks)

问答题(a) ABC Sdn Bhd wishes to appoint the following persons as directors: (i) Jessie, a retired professor of corporate governance at the University of Corporate Values, in South Africa. She is a citizen of South Africa and currently resides there. (3 marks) (ii) Joe, a Malaysian, who had been declared bankrupt by the High Court six years ago. He has a reputation for being an excellent corporate manager and has a track record of reviving and transforming ailing companies into very profitable ones. (3 marks) Required: Advise ABC Sdn Bhd whether there would be any legal obstacles to the appointment of Jessie and Joe as directors of ABC Sdn Bhd. Note: The mark allocation is shown against each part. (b) XYZ Sdn Bhd (XYZ) recently entered into a contract with LMN Building Contractors Sdn Bhd (LMN). This was for the building by LMN of a factory for XYZ. The decision to award the contract to LMN was made three weeks ago at a meeting of the full board of directors of XYZ. One of the directors of XYZ, Ben, is also a substantial shareholder of LMN. Ben did not disclose this fact to XYZ, or its board. A further fact was that although Ben was present at the board meeting at which the decision to award the contract to LMN was made, he remained silent throughout the meeting and did not vote on the matter. Yesterday XYZ discovered Ben’s shareholding in LMN and seeks your advice as to whether it may avoid the contract with LMN. Required: Advise XYZ. (4 marks)

问答题In the context of company law, discuss the concept of separate personality and the consequences that flow from it. (10 marks)

问答题ABC Ltd is a private limited liability company which carries on business in the tourism industry. ABC Ltd has adopted Table A as its articles of association. The only assets which ABC Ltd holds are two hotels, which are both in operation. Due to the global economic crisis, ABC Ltd faces fi nancial diffi culties. Amanda, who is one of the directors of ABC Ltd, is contemplating ways to help ABC Ltd raise money. Required: Advise Amanda on the ways ABC Ltd may raise money. (10 marks)

问答题(c) state how to deal with Dahua Company’s debts of RMB 500,000 yuan owed to a local electricity plant. (4 marks)

问答题In the context of corporate governance explain the role of the external company auditors, paying particular regard to the following issues: (a) their qualifications; (b) their powers; (c) their duties. (10 marks)

问答题During Daisy’s interview, the company offered Daisy the job and promised to keep the offer open until the end of this week. Daisy agreed to consider the offer and reply to the company within the week. Required: (b) In relation to contract law, advise the company as to whether the company may withdraw the offer before the end of this week. (4 marks)