Presentation on Marine Insurance by law students from the Polytechnic University of the Philippines-College of Law, for Insurance Law under Commissioner Wilfredo Reyes.
Presentation on Marine Insurance by law students from the Polytechnic University of the Philippines-College of Law, for Insurance Law under Commissioner Wilfredo Reyes.
It is a power point presentation for fire insurance. It is mostly applicable for Iran's insurance industry but it also covers fire insurance for worldwide purposes.
Training Slides of Claims and Counterclaims Preparation, Analysis, Assessment and Successful Settlement of Disputes , discussing the importance of Claims and Counterclaims.
Some Key-Points:
- The Framework of Compliance
- Corporate Governance
- Compliance Program
For further information regarding the course, please contact:
info@asia-masters.com
www.asia-masters.com
Presentation on Casualty Insurance by law students from the Polytechnic University of the Philippines-College of Law, for Insurance Law under Commissioner Wilfredo Reyes.
Objectives & Agenda :
To know when an appeal can be made before a Commissioner, High Court and Supreme Court. To gain knowledge regarding the pre-requisites for filing an appeal. To understand the provisions relating to the fines, penalties and the time limit in an appeal. To gain insight regarding the procedure followed during an appeal.
When land is registered, then in addition to the government rate, stamp duty and registration fee have to be paid separately. These charges vary according to different land, place, and type. If you are going to buy any land in Chhattisgarh, then first of all you should check the CG govt rate of land. After this, you can find out the rates of stamp duty and registry charges. All these facilities are available online.
It is a power point presentation for fire insurance. It is mostly applicable for Iran's insurance industry but it also covers fire insurance for worldwide purposes.
Training Slides of Claims and Counterclaims Preparation, Analysis, Assessment and Successful Settlement of Disputes , discussing the importance of Claims and Counterclaims.
Some Key-Points:
- The Framework of Compliance
- Corporate Governance
- Compliance Program
For further information regarding the course, please contact:
info@asia-masters.com
www.asia-masters.com
Presentation on Casualty Insurance by law students from the Polytechnic University of the Philippines-College of Law, for Insurance Law under Commissioner Wilfredo Reyes.
Objectives & Agenda :
To know when an appeal can be made before a Commissioner, High Court and Supreme Court. To gain knowledge regarding the pre-requisites for filing an appeal. To understand the provisions relating to the fines, penalties and the time limit in an appeal. To gain insight regarding the procedure followed during an appeal.
When land is registered, then in addition to the government rate, stamp duty and registration fee have to be paid separately. These charges vary according to different land, place, and type. If you are going to buy any land in Chhattisgarh, then first of all you should check the CG govt rate of land. After this, you can find out the rates of stamp duty and registry charges. All these facilities are available online.
Mortgage is French term which means ‘death contract’. The term death contract means that the pledge (promise, bailment, and guarantee) ends only when the loan is repaid, the obligation is fulfilled or when the borrower takes over and/or sells the collateral, the mortgaged property by way of foreclosure. According to the Bouvier’s Law Dictionary (8th) Edition, “Mortgage” is a conditional conveyance of land designed as a security for the payment of money, the fulfilment of some contract, or the performance of some act, and to be void upon such payment, fulfilment or performance. Mortgage works as a security of the loan amount. It is way to secure profit for the bank and/ financial institutions and it is the way of getting loans for the common people, builder and/or company, firm etc.
In this time of modernisation, where the life of city, with accessibility of easy facilities and opportunities, appears to attract the youth of the society. The reason behind attractions is to achieve their dreams and to be independent. Numerous individuals go out and move to another city just to win an occupation, since they are out of their home town they have to stay in Hostels, PG's or leased house.
Learn all about the new TREC contract forms required Jan 2016. Power point can be used alone or with text book for 30 hour TREC approved pre-licensing class. www.createspace.com/5249273.
Looking to buy a piece of land or plot or ready to move in property? Make sure, you verify the property titles even before you begin price negotiations with the seller. How do you verify property titles? Find the detailed document comprising of the process to verify property titles.
recently there ismeaure amendments in the Specific Relief Act and the public infrastruture projects are given preference as due to injunctions there was delay in public projects causing huge loss the public exchequer.
WINDING UP of COMPANY, Modes of DissolutionKHURRAMWALI
Winding up, also known as liquidation, refers to the legal and financial process of dissolving a company. It involves ceasing operations, selling assets, settling debts, and ultimately removing the company from the official business registry.
Here's a breakdown of the key aspects of winding up:
Reasons for Winding Up:
Insolvency: This is the most common reason, where the company cannot pay its debts. Creditors may initiate a compulsory winding up to recover their dues.
Voluntary Closure: The owners may decide to close the company due to reasons like reaching business goals, facing losses, or merging with another company.
Deadlock: If shareholders or directors cannot agree on how to run the company, a court may order a winding up.
Types of Winding Up:
Voluntary Winding Up: This is initiated by the company's shareholders through a resolution passed by a majority vote. There are two main types:
Members' Voluntary Winding Up: The company is solvent (has enough assets to pay off its debts) and shareholders will receive any remaining assets after debts are settled.
Creditors' Voluntary Winding Up: The company is insolvent and creditors will be prioritized in receiving payment from the sale of assets.
Compulsory Winding Up: This is initiated by a court order, typically at the request of creditors, government agencies, or even by the company itself if it's insolvent.
Process of Winding Up:
Appointment of Liquidator: A qualified professional is appointed to oversee the winding-up process. They are responsible for selling assets, paying off debts, and distributing any remaining funds.
Cease Trading: The company stops its regular business operations.
Notification of Creditors: Creditors are informed about the winding up and invited to submit their claims.
Sale of Assets: The company's assets are sold to generate cash to pay off creditors.
Payment of Debts: Creditors are paid according to a set order of priority, with secured creditors receiving payment before unsecured creditors.
Distribution to Shareholders: If there are any remaining funds after all debts are settled, they are distributed to shareholders according to their ownership stake.
Dissolution: Once all claims are settled and distributions made, the company is officially dissolved and removed from the business register.
Impact of Winding Up:
Employees: Employees will likely lose their jobs during the winding-up process.
Creditors: Creditors may not recover their debts in full, especially if the company is insolvent.
Shareholders: Shareholders may not receive any payout if the company's debts exceed its assets.
Winding up is a complex legal and financial process that can have significant consequences for all parties involved. It's important to seek professional legal and financial advice when considering winding up a company.
ALL EYES ON RAFAH BUT WHY Explain more.pdf46adnanshahzad
All eyes on Rafah: But why?. The Rafah border crossing, a crucial point between Egypt and the Gaza Strip, often finds itself at the center of global attention. As we explore the significance of Rafah, we’ll uncover why all eyes are on Rafah and the complexities surrounding this pivotal region.
INTRODUCTION
What makes Rafah so significant that it captures global attention? The phrase ‘All eyes are on Rafah’ resonates not just with those in the region but with people worldwide who recognize its strategic, humanitarian, and political importance. In this guide, we will delve into the factors that make Rafah a focal point for international interest, examining its historical context, humanitarian challenges, and political dimensions.
NATURE, ORIGIN AND DEVELOPMENT OF INTERNATIONAL LAW.pptxanvithaav
These slides helps the student of international law to understand what is the nature of international law? and how international law was originated and developed?.
The slides was well structured along with the highlighted points for better understanding .
Military Commissions details LtCol Thomas Jasper as Detailed Defense CounselThomas (Tom) Jasper
Military Commissions Trial Judiciary, Guantanamo Bay, Cuba. Notice of the Chief Defense Counsel's detailing of LtCol Thomas F. Jasper, Jr. USMC, as Detailed Defense Counsel for Abd Al Hadi Al-Iraqi on 6 August 2014 in the case of United States v. Hadi al Iraqi (10026)
How to Obtain Permanent Residency in the NetherlandsBridgeWest.eu
You can rely on our assistance if you are ready to apply for permanent residency. Find out more at: https://immigration-netherlands.com/obtain-a-permanent-residence-permit-in-the-netherlands/.
3. Art. 2140
By a chattel mortgage, personal property
is recorded in the Chattel Mortgage Register
as a security for the performance of an
obligation. If the movable, instead of
being recorded, is delivered to the credit
or or a third person, the contract is a
pledge and not a chattel mortgage. (n)
4. CHATTEL MORTGAGE
Contract by virtue of which p
ersonal property is
Recorded
in the Chattel Mortgage Regis
ter as security for the
performance of an obligation.
6. WHEN DO YOU DO A Chattel
Mortgage OR PLEDGE?
When property needs to be retained by
the debtor, then opt for a chattel mortgage
7. Art. 2141
The provisions of this Code on
pledge, insofar as they are not in
conflict with the Chattel
Mortgage Law shall be
applicable to chattel mortgages.
(n)
9. OFFENSES INVOLVING CHATTEL
MORTGAGE
1. Knowingly removing personal
property mortgaged to any
province or city other than the one
in which it was located at the time
of the execution of the mortgage
without the written consent
10. 2. Selling or pledging personal
property already mortgaged or any part
thereof, under the terms of the Chattel
Mortgage Law without the consent of
the mortgage written on the back of
the mortgage and duly recorded in the
CM Register
11. REGISTRATION
• Registration shall be done in the Register of Deeds
where the mortgagor resides
• And when the property is situated somewhere
else, it needs to be registered also in the Register of
Deeds of the area where the property is situated
• Chattel mortgage would not be valid and binding
as against third persons absent any registration
• If what is mortgaged is a car, registration with the
LTO is also needed. Absent this, again, it would
not be binding and invalid as against third persons
12. FORM OF CONTRACT AS STATED
IN THE LAW.
Theoretically, the mortgagor
may sign the contract alone
but practically, the mortgagee
must sign also given that they
both need to sign the affidavit
of good faith
13. AFFIDAVIT OF GOOD FAITH
Part of the chattel mortgage contract
wherein it is stated that the chattel
mortgage has been constituted to
secure a principal obligation and not
meant for fraud or any ill purpose
It is possible to defraud using
mortgage. You can take away
property through mortgage from an
unsecured creditor.
14. FORMAL REQUIREMENT OF
DESCRIPTION OF PROPERTY
Attach a description or
schedule of the properties
mortgaged
There is also the requirement
of payment of registration fees
and documentary stamp taxes
15. FORECLOSURE (SIMILAR BUT NOT IDENTICAL
WITH REM) SECTION 14, CHATTEL MORTGAGE
LAW
1. There is a 30-day cooling off period before the public
auction, from the time the condition is broken
2. Notice—at least 10 days notice of the time, day, place, and
purpose of such sale has been posted at 2 or more public
places in such municipality. Personal notice or mail shall
also be given to the mortgagor or person holding under
him and the persons holding subsequent mortgages of the time
and place of sale.
16. 3. Sheriff should possess the property as he needs to
deliver the same to the winning bidder. If the
mortgagor refuses
to do so, the mortgagee can seek the help of the
court. There could also be a stipulation in the cont
ract as well. But if the debtor is not willing and able,
the loss is with the creditor.
4. There is a 30-day equity of redemption period
(payment of obligation)
5. After foreclosure, there could be recovery of de
ficiency,
but there is Recto Law (1484) pertaining to sale of
personal property in installments and there is a Ch
attel Mortgage to secure payment of price.
17. AN ACTION FOR SPECIFIC PERFORMANCE IS
TANTAMOUNT TO THE ABANDONMENT OF
RIGHTS OF MORTGAGE
APPLICATION OF PROCEEDS OF
FORECLOSURE
1. Costs
2. Obligation itself. Pay first the interest
and then the principal. If there is penalty,
then pay it first.
3. Junior encumbrances
4. Owner
