Business Law
Mohammad Rostami; Bahram Taghipoor
Abstract
Commercial companies as legal entities consist of various departments. As in some cases the interests of members or directors of a company’s departments may develop into a conflict, disputation are duly expected. Accordingly, the attempt to propose a practical solution to solve such cases has been ...
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Commercial companies as legal entities consist of various departments. As in some cases the interests of members or directors of a company’s departments may develop into a conflict, disputation are duly expected. Accordingly, the attempt to propose a practical solution to solve such cases has been a significant concern in company Law. Among the existing solutions, arbitration has always been a well-received one because of its advantages. Nevertheless, considering the unique characteristics of companies and the multiplicity of departments, the practice of this solution has faced several challenges and ambiguities particularly as far as the concept and criteria of internal disputes and arbitrability are concerned. Bearing these points in mind, this study examines the arbitration in intra-corporate disputes in the legal systems of Iran and the England. Concepts like intra-corporate dispute, scope of arbitration, and barriers to arbitration are delineated in the first step. The findings of this study suggest that within the Iranian legel system arbitration of intra-corporate disputes is subject to the general rules of corporate law and arbitration law due to lack of specific laws while in the England the jurisprudence, in some cases, examines both the status of arbitration in a company’s internal disputes and the identified obstacles. Also, it gives the concerned parties considerable amount of authority to take advantage of arbitration. Moreover, it takes structural barriers, public policy, restrictions on the type of compensation, and conflict with the rights of third parties as the most significant obstacles to the practice of arbitration in these cases.
Private Law
Mohammad Sadeghi
Abstract
The prospectus is an important document for the securities and exchange market activities that have several functions. It should be considered as a complementary document of the corporate statute and as well as one of the stock and exchange market regulations that were approved by both the stock exchanges ...
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The prospectus is an important document for the securities and exchange market activities that have several functions. It should be considered as a complementary document of the corporate statute and as well as one of the stock and exchange market regulations that were approved by both the stock exchanges organization and financial market supervisory. Financial market supervisory, Bourse, some financial institutions, issuers, and investors make the prospectus the source of numerous rights and duties that give it a special nature that is coming because of the relation between prospectus and those other organizations of the stock exchange market. In this article, the legal functions of the prospectus regarding the securities and exchange market actors will be reviewed. In the view of above, the nature of this issue, its legal status, its features and its value-added are to be mentioned. The prospectus has the joint features of the document (deed) and regulation, so it led to some effects in terms of public and private law that these rights and commitments form a variety of relations between actors. The prospectus reduces the possibility of investors being misled and harmed and covers the investor's risk and the responsibility of the investment service provider or issuers and their managers. While the prospectus can be considered as a consequence of the corporation’s statute because the type of commitment in it is an obligation and responsibility, not a debt — in a specific concept that is in the Islamic jurisprudence or contract law. Thus, it is necessary for the other features to be considered for it and to be interpreted beyond a contractual relation. First, its effect will be determined by the contents and rules governing it. Second, it has legal responsibility and liability disciplinary that the kind of these responsibilities depends on the subject and process of setting the prospectus.