If additional liquid cash exists, then it is the most relevant source of finance for new projects. Alternatively, pressurising debtors for early settlement or extending the payment period for creditors could help increase the cash resources. However, if this strategy doesn’t work, then the company must consider raising finance externally. If finance needs to be raised externally, should it be debt or equity? Here a company needs to consider how much it should borrow.
As the Attachments did not create any proprietary interest the Board found that the assets to which they relate should be included in the mandatory statutory trust resulting from the BVI winding up order; (b) the equitable jurisdiction of the court to uphold statutory distribution: Based, inter alia, on the case of Carron Iron Company Proprietors v Maclaren (1855) 5 HLC 415 the Board considered that the granting of the sought injunction was justified where a creditor invoked a foreign jurisdiction to bypass the statutory scheme of distribution. It considered that failure to do so would "disturb the general principle of equal distribution which the court is always anxious to enforce". Exercising the Anti-Suit Jurisdiction The Privy Council found that the jurisdiction to grant the relief sought should be exercised
Since they are so easy to get if you have a job, a person can quickly learn to rely on them as a quick fix to financial trouble. What typically happens is the fan of this type of loan gets quick money and then when the due date for repayment arrives he doesn't have the money. In this case, the lender lets you roll it into another loan for a two-week period (unpaid interest included). For the borrower, finance charges will rapidly accrue. Lenders don't allow unlimited rollovers and eventually the principal along with all accumulated finance charges will be due.
Since with an unsecured loan the bank is putting it all on the line they are more opposed to offer you greater measures of money. They consider danger organization vital and have changed it into a science. The reason you can get generously more when taking out a secured loan is in light of the fact that the entirety is secured on your property, therefore the name. Should you cause harm meeting your repayments then the moneylender knows they can repossess your home in case you continue defaulting. Maybe one of the noteworthy reasons that secured loans have ended up being so surely understood is the way that they are immediately open, tolerating you can show your circumstance.
The money acquired in the form of loan can be used for anything such as settling old debts or dealing with a severe medical condition. • No Need for Mortgage Payment: Many people take advantage of the reverse mortgage loans as they already obtain such loan as the last resort of income. Also, reverse mortgage loans do not require to be paid each month, instead loan can be settled after the closing. In such conditions, you do not have to worry about the mortgage payment and you can allocate the loan amount as per your
In other words, the appellant did not commit anything wrong by recalling the loan and liquidating company’s assets but, the issue was whether the appellant acted in good faith while doing so? The company and the bank had been doing business for past 50 years and still the bank did not give any notice of such action to the company. Although the bank was not obliged to give notice but it abused its contractual rights by acting in bad faith and not giving reasonable time to the company to fulfill its obligations under the
Secondly, restriction are made to the raising of capital through issuing shares as well as the rights of transferring shares. The memorandum and articles of association imposed a restriction of right for its members to transfer their shares in the company and it has to first be agreed by the shareholders before transferring the shares. Thirdly, it also has to adhere closely to the Singapore Companies Act set by the government. Penalties will be issued if found to be any violation of rules or regulation. Fourthly, there is a need for greater disclosure and administration requirements whereby directors must make disclosure to the company information about their interests in the company’s contacts, shares, and debentures.
Loan crowdfunding also has the disadvantage where the investors have to be ensured that they will get interest. when an entrepreneur use loan crowdfunding method, he or she has to give out the best plan of how the investors will get the interest, and show them the securities to give in case the business fails (Johnson, 2012). This is a big challenge since the investors will not give out their money to the entrepreneurs who will not be able to convince and pay interest. This may cause the business to fail due to payment of interests. Lastly, loan crowdfunding limits the expansion of the business through monthly payment of the interest.
The Appellants’ Contention This Court should allow Wan’s appeal as virtual property cannot be converted under the current law and any extension of the tort of conversion to virtual property is unsound and untenable. 1. Virtual property constitutes an intangible chose in action which cannot be converted under the current law a) Virtual property cannot be converted as it is intangible The courts in Singapore and the UK have adopted the position that only tangible property can be converted. Intangible property such as choses in action generally cannot be converted, though documentary intangibles are an exception (Alwie Handoyo v Tjong Very Sumito & Anor  SGCA 44 ,  4 SLR 308 [Alwie]; OBG Ltd v Allan . Generally, tangible