a stock company with limited liability or

Our company is a limited liability company.

Liability of legal persons

Moreover, liability was limited and subject to other special procedures.

The legal system of the Republic of Armenia excludes criminal liability for legal entities.

These include limited financing, limited institutional capacity, legal complexity, and the need for community involvement.

It was also noted that in existing regimes, strict liability seemed to be limited to certain hazardous activities.

Criminal liability of legal persons will be provided for in the recodified Criminal Code.

The proposed scope of criminal liability of legal persons corresponds to the European standard.

2. Subject to the legal principles of the State Party, the liability of legal persons may be criminal, civil or administrative.

2. Subject to the legal principles of the State Party, the liability of legal persons may be criminal, civil or administrative.

The decision may be appealed on very limited legal grounds only.

The establishment of legal liability for using trafficked persons was a promising means of combating human trafficking.

The Criminal Code will specify the liability of natural persons for financing terrorist activity, while the Act on counter terrorism will lay down the liability of legal persons for financing terrorist activity.

For example, reference was made to the limited liability company which existed in civil law systems as an intermediate form of commercial company between a limited company (sociedad anónima) and a partnership (sociedad de personas).

E. Liability of legal persons for the acts and activities enumerated in article 3, paragraph 1, of the Optional Protocol, including the definition of a legal person

Under Chapter 8 (previously 7) the shipper's liability is limited to breaches under article 28 (previously 25) and paragraph 30(a) (previously 27(a)).

In relation to article 57(4), it has been discussed whether the liability for failure by the carrier to comply with instructions given should be strict and unlimited or, whether on a true construction of the provision, the liability was a due diligence liability in the same way as liability for loss of or damage to cargo, and also limited in the same way.

Their decision is subject to judicial review proceedings only on very limited legal grounds.

On this basis, we have explained in more detail to our employees the legal rules in regard to the liability insurance.

According to the Civil Code and the Code on Administrative Offences, legal entities might be subject to property and administrative liability.

It was also observed that treaty practice provided limited exceptions to strict liability such as armed conflict, force majeure or compliance with a compulsory public measure, etc.

However, frequent instances were found where the contrary was permitted, which entails serious risks for the organisation, including legal and financial liability.

Appropriate regulation including regulation of rating agencies would most likely make traditional banks popular again. A reconsideration of banks limited liability charter would go even further in restoring credibility.

Uzbekistan declared, concerning article 10 of the Convention, that its legislation did not provide for criminal or administrative liability with respect to legal persons.

Another innovative aspect of this Law is that it envisages the criminal liability of legal persons or their equivalent (corporate and mere de facto associations) for offences under Articles 2 and 5 when carried out on their behalf and in the interest of their organs or representatives, and such liability does not exclude the respective individual liability.

1. Each State Party shall adopt such measures as may be necessary, consistent with its legal principles, to establish the liability of legal persons for participation in the offences established in accordance with this Convention.

A special article will also be added to the Act on counter terrorism to cover liability of legal persons for the financing of terrorist activity.

The British Joint Stock Companies Act of 1856, for example, established the principle of limited liability for corporations. Indentured servitude and debtors prisons have also been illegal since the nineteenth century.

If the insured is a person without civil legal capacity or a person with limited civil legal capacity, the beneficiary may be designated by the guardian of the insured.

The provision of limited liability not only turned Wall Street into a casino, but so called Main Street also was induced to gamble, because homeowners enjoyed a limited liability similar to that of the companies. When low income borrowers took out a loan to buy their homes often 100 of the purchase price they typically could use the home as collateral without warranting the repayment with additional wealth or even their income.

The lack of equity resulted largely from the concept of limited liability, which provided an incentive for excessive leveraging. Earnings left inside a financial institution can easily be lost in turbulent times.

Their access to economic and legal information is limited because of the absence of relevant education, the absence in rural areas of a broad network of legal information centres, etc.

The limited legal qualifications of a majority of judges in Afghanistan has severely affected the quality of decisions being rendered.

The branch offices of an insurance company do not possess the status of a legal person, and the civil liability shall be borne by the insurance company.

The fact that the draft principle, in contrast to existing liability regimes, accords the right of compensation to both natural and legal persons, including States, was welcomed.

(h) When contacted by customers enquiring about Lownet Inc., Mr. Alan would assure them that Lownet Inc. was a company in good standing (liability of legal persons)

Liability insurance

In response to the informal questionnaire on this point, the majority of those who responded clearly favoured a due diligence liability limited in the same way as damage to or loss of cargo.

Regarding the criminal liability of legal persons, the Penal Code allowed for the establishment of such liability, since article 64, paragraph 2, thereof provided that any legal person having a civil, commercial, industrial or financial purpose on whose behalf or in whose interest the act of commission or omission that constitutes an offence has been wilfully perpetrated by its organs shall also be considered an accomplice .

It will regulate matters of criminal liability in the case of natural persons responsible for the management or supervision of a legal person involved in financing terrorist activity.

The answer may indicate what future awaits banks. Some regulators were irresponsible for not anticipating the rational profit maximizing behavior of institutions with a limited liability charter and of executives effectively protected from failure.

Currently, the liability of legal persons for financing terrorist activity is provided for in part in article 23 of the Act of the Republic of Belarus on counter terrorism .

Similarly, before the introduction of limited liability in the nineteenth century, a company s shareholders or partners were each liable for all of the firm s debts, which severely restricted businesses willingness to borrow to finance trade.

Access to legal counsel and or medical services and communication with their families also seems limited for young persons in police custody.