Sentences with phrase «own legal personality»

Trusts enjoy, effectively, indefinite longevity (they have a finite existence, but it can be a good long time) and can have limited liability for benficiaries (but not for trustees) and have legal personality (in the form of the trustee) and yet we permit them to pass income through to their benefiaries to avoid tax at the trust level (so that, for example, most mutual fund trusts in Canada pay no income tax - in fact, if you look at their trust indentures, most of them are required to arrange their affairs so as not to pay tax).

The Labour Party is an unincorporated association without a separate legal personality, and the Labour Party Rule Book legally regulates the organisation and the relationship with members.

For the specific purposes of IR [International Relations], «the state» refers to the modern sovereign state, which possess a «legal personality» and is recognized as possessing certain rights and duties.

The letter keeps open the possibility of holding senior party figures personally liable, because the Liberal Democrat party is an unincorporated association, which means it does not possess «legal personality».

Corporation: The owners of a corporation have limited liability and the business has a separate legal personality from its owners.

The Hungarian Academy of Sciences (henceforth: «Academy») is a public body working as a legal personality on a principle of self - government, performing nation - wide public duties related to the cultivation, promotion and representation of science.

These instruments contribute to achieve a higher level of progress regarding emerging international concerns, but there are always certain topics that are not primary in the international agenda, one of those is the recognition of the international legal personality of Non-governmental organizations (NGOs), a fact that prevent the full realisation of international solidarity.

On the contrary, NGOs have diverse legal personalities and capacities depending on the country of origin or where their statutory offices are established.

It does exist a convention on a regional level, the European Convention on the Recognition of the Legal Personality of International Non-Governmental Organizations within the European Council, an international treaty that sets the legal basis for the existence and work of NGOs in Europe.

Today, NGOs deal with problems regarding their legal personality, partially because they are not equals in terms of rights and obligations with states or international organisations, the latter ones possess an invariable legal personality, with clear rights and obligations in all places.

Portraits of a number of the legal personalities involved in the Trial and Appeal including judges Lord Chief Justice Sir Rufus Isaacs who presided over the Trial and Sir Charles John Darling who presided over the Appeal as well as the prosecuting council Attorney General Sir Frederick Smith later Lord Birkenhead will be borrowed from the National Portrait Gallery, London.

The Green Climate Fund should additionally have its own legal personality.

In its Judgment of 20 September 2012 in case T ‑ 154 / 10 French Republic vs. European Commission, the General Court of the EU (GC) has established a new test of «bankruptcy - proofness» as an advantage contrary to Article 107 (1) TFEU that may generate a significant shake up in the control of State aid granted (implicitly) to establishments of an industrial and commercial character (EICC, or EPIC in their French acronym)-- ie legal entities governed by public law which have distinct legal personality from the State, financial independence and certain special powers, including the performance of one or more public service tasks.

Unlike trusts, Foundations are incorporated as legal entities with their own distinct legal personality.

Below Lawyer Monthly gains insight on the music industry's legal personalities through the eyes of Tony North, Co-founder and CEO of Centtrip Music.

Generally, the corporation's separate legal personality — the «corporate veil» — will protect directors and officers for liability arising from actions ostensibly carried out in the corporate name.

A cell company may either be a protected cell company (which can create cells, not having their own separate legal personality), or an incorporated cell company (which can create incorporated cells with their own separate legal personality).

associations with legal personality which exist for the promotion of commercial or of independent professional interests, so far as a considerable number of entrepreneurs belong thereto, and which distribute goods or services of the same or similar type on the same market, provided such associations are actually in a position, particularly in terms of their personnel, material and financial resources, to pursue the tasks, under their memoranda of association, of promoting commercial or independent professional interests, and so far as the contravention affects the interests of their members;

It was concluded that «it is established beyond doubt» that a foetus does not have a separate legal personality and, therefore, it can not be murdered (or indeed be the victim of any crime actionable before birth).

Advising an international organization that functions as a Central Bank on its legal personality and immunity under both international law and UK law and on UN and UK economic sanctions

Accordingly, it challenges such conceptions by proposing that if one adopts non-absolutist and non-monolithic conceptions of sovereignty and legal personality, and that if one acknowledges that consent is the foundational basis for arbitration, then there can be no basis for supporting the proposition that an SOE can be held liable for the award debts of a state and its assets executed against in satisfaction of such debts.

Perhaps of greater significance, this articles notes that the paradox of an increasingly evanescent notion of consent as the foundational basis for arbitration has been the blurring of the boundaries of legal personality.

Many features of the Scottish limited partnership are attractive to businesses, from its tax transparency to the partnership's distinct legal personality.

This is the case even when the partnership, as in Scotland, does have legal personality.»)

In December 2011 Jonathan featured in Lloyd's List of Top Ten Legal Personalities and was a finalist for the Lloyd's List global Shipping & Maritime Lawyer of the Year award 2012.

Although not further explored in this article, it should be noted that SLPs are also frequently used as vehicles for investment in Lloyd's, as their separate legal personality enables them to become «names» along with limited companies and individuals (that is, legal persons that carry on a single business of underwriting insurance).

Given that SLPs are distinct from English limited partnerships by virtue of having separate legal personality, the equality of treatment for UK tax purposes (primarily tax - transparency) makes using an SLP particularly attractive.

This suitability stems from the key features of SLPs: tax - transparency, limited liability and separate legal personality.

As it turned out, the Federal Republic simply continued legally to exist under the same legal personality it had had since 1949, but the area covered by the authority of the basic law was extended.

Although David Bilinsky has previously mentioned the study here on Slaw, The Star sent a few notable legal personalities to Rule to see what he thought about them, and the results are worth checking out.

«We need a chain of liability and responsibility,» he added, while also pouring doubt on the EU Parliament's idea of giving AI systems a legal personality.

The legal form of such arrangements (e.g. a branch or subsidiary with legal personality) is not the determining factor.

``... [T] he Federal Court's issuance of this media release... goes against the basic concept of the court as institution without collective legal personality.

In 2018, Dana is a finalist for Legal Personality of the Year at the Lexis Nexis Awards.

And I noticed that you are up for the - let's see - the 2018 finalists for the Legal Personality of the Year at the Lexis Nexis award coming up.

Alternatively, funds may be incorporated as international limited partnerships, which do not have a separate legal personality distinct from that of the partners; making the general partner ultimately responsible for the debts and obligations of the partnership (a limited partner is not liable for the debts and obligations of a partnership beyond the amount of its contributed partnership interest).

a person includes a body corporate, an association of persons (whether corporate or not), a trust, governmental or other regulatory body, authority or entity, in each case whether or not having a separate legal personality;

There he merely stated that «the international law rules grant a judicial immunity to the international legal personalities (states, organisations and international bodies.)

The CIO format is designed only for charities and aims to combine the best of both worlds — all the advantages of corporate status, including separate legal personality (so that a CIO is able to conduct business and hold property in its own name rather than under the names of the individual trustees), and limitation of liability for its trustees and members, while at the same time avoiding dual regulation under both company law and charity law.

The new legislation may affect SQP's desirability as investment vehicles, especially in private equity and property investment fund structures as the traditional advantages of SQPs — such as separate legal personality and tax transparency — will need to be weighed against the public disclosure of those individuals who hold a controlling interest, directly or indirectly, in the SQP.

-- the mutual recognition of companies or firms within the meaning of the second paragraph of Article 48, the retention of legal personality in the event of transfer of their seat from one country to another, and the possibility of mergers between companies or firms governed by the laws of different countries;

A basic corporate legal principle is that a corporation is an independent legal personality distinct and separate from its shareholders and directors.

The European Investment Bank shall have legal personality.

Surely the use of corporate subsidiaries and distinct legal personalities should not shelter against accountability in these cases, especially where there is some form of capital flight before proceedings can be brought.

Nationalists have countered that Scotland would not be a legally new state, but would carry forward the legal personality it presently shares with the rest of the UK.

If all, or most, of the component parts of a federal - type state obtain independence, the legal personality of the federation or state union is extinguished altogether.

Cyprus aims, similar to the limited partnerships of Guernsey and Jersey, to allow the general partner to elect upon establishment for a limited partnership to have separate legal personality, while maintaining tax transparency status.

The remainder of the state carries its legal personality forward, including membership in international organisations.

This brings us to 22 awards in the last three years: many thanks to our clients for all their support and congratulations to the other winners, in particular to Dana Denis - Smith as Legal Personality of the Year.

Local 773 possesses a legal personality.