cooperative to protect
Conflict of business owners is a common phenomenon in companies where there are more than one participants. Sometimes the reason is in interpersonal relationships, sometimes – in different views on doing business. There are other reasons.
Such conflicts create obstacles to business development, demotivate staff and adversely affect the company’s reputation. In some cases, the parties to the conflict may take actions to exclude the partner from the company. Continue reading
A company registered under the law of Cyprus filed a lawsuit with the Russian Arbitration Court regarding the recognition of contracts of participation in construction as invalid. The right for such appeal was the fact that the company from Cyprus owned a share of more than sixty percent of the authorized capital of the developer, which sold office space at a low cost to a third party.
When a lawsuit was filed by a Cypriot company, all evidence was provided that it was entered in the Cyprus Commercial Register, which confirmed the status of the company both under Cyprus law and under Russian law as the plaintiff and owner of a share in the company. Continue reading
If an audit is not necessary, what is the use of it?
In the market of audit services, such a form of audit as proactive or voluntary audit has become widespread. As the name implies, the obligation to conduct this audit is not provided for by applicable law.
Voluntary audit is able to initiate the owners and management of the organization. At the same time, customers can pursue a wide variety of goals, such as:
obtaining an objective picture of the financial condition and financial position of an economic entity; Continue reading