ILEC - Lesson 3

She was offended and accordingly refused to attend the meeting.

in a way that is appropriate (=suitable, right or correct) for the situation; in a way that results from a particular situation

notification of the change of the address of the company's registered office

The company has a registered office in Scotland and carries on business in England and Wales.

a company's official address that is registered at the registering authority

Congress must appoint a special independent investigator.

to choose someone formally for a particular position or job; to give someone a job or a task

The US justice department has now filed a motion asking a federal judge to dismiss the case.

to refuse any further hearing of a case

it has been validly served.

The mandatory audit rules for small companies have been abolished; the rules are now voluntary.

something which must be done, often in order to conform with a law

used to describe something that must be done because of a law, rule or regulation etc

used to describe something that must be done because of a law, rule or regulation etc

(Amer.) Three years after its formation, the company went bankrupt and had to be dissolved.

officially insolvent (=not having enough money to pay debts or buy goods etc) so that property will now be administered under bankruptcy laws

Obtaining copyright permission can be a time-consuming process.

authorization from an author or creator to reproduce or use a copyrighted work

Officers are permitted to obtain otherwise confidential information if they believe a criminal offence has taken place.

to acquire, to gain possession

The defendant waived his right to an attorney and a jury trial.

to not demand something that is your right

In default of appearance in court by the claimant, the claim is dismissed.

a failure to fulfil an obligation (=something that you have to do), especially when a failure to appear in a court of law

As a result of the new tax law, corporate tax rates will drop by about 25 percent.

because of; due to

The shareholders elected the members of the board of directors at the annual general meeting.

yearly meeting, usually of shareholders

The court allowed the landlord to retain the deposit paid by the tenant.

to keep something; to continue to have something

Due to the expense of litigating this case, our attorney has requested a large retainer up front.

an advance fee paid to a lawyer or other professional by a client. As the lawyer works on a matter, he or she will bill time against this fee.

The corporation complied with its obligations under the statute.

to obey a rule or meet a required standard

may result in the imposition of a fine together with a criminal record

persistent failure to fulfil these duties

The accounting reference date is the last day of the month in which the anniversary of incorporation falls.

the date on which the financial year of a company ends, and to which the accounts are made up

The law was amended to exclude contracts entered into prior to 15 July 2003.

to change or add to a law, legal document or decision

A real estate developer has submitted plans to build the first 500 houses on the new site.

to suggest something, often to another person who will then make a decision

The company was dissolved following the bankruptcy order.

to bring something to an end, especially an official organisation, a business entity or a legal relationship

The judge ordered the clerk to strike our client's statement from the court record.

to remove something officially from a document (often an official document, list or legal text)

The company is selling off its assets to raise cash.

something valuable that belongs to a business entity, organisation or private individual

The copyright owner retains the option of requesting the court to award actual or statutory damages.

required, relating to, enacted, permitted or regulated by a statute (=a formal written enactment of a legislative body; a written law)

All our statutory forms are available on request and free of charge.

a document that registered companies have to complete with information on their business activities and then file with a governmental authority

His lawyeres have served a writ for £500,000 in damages against the newspaper.

to give a legal document to someone telling them that they must go to court or obey a court order

The company secretary arranged the board meeting, made sure that all board members were properly served with notice of the meeting and also drafted the agenda.

the person in a company responsible for arranging board meetings and for keeping proper records

The consignment agreement required the retailer to remit any payment from the sale of the goods to the owner.

to release or give back

The minutes of the meeting at which that bonus was awarded show that the board agreed to the amount of the bonus.

an official written record of what is discussed and decided at a meeting

The court was not convinced that the trial record presented an obvious reason to allow the appeal.

a record of everything that happens during a trial

The surplus was higher than projected owing to a lower than anticipated merchandise trade deficit.

to think that something will happen

The government has launched a comprehensive review of all capital spending in schools.

complete; including everything that is necessary; including all or nearly all aspects of something

basic; fundamental; not elaborated or perfected

The CEO reports only to the board of directors. The rest of the company reports to him.

the person with the most important position in a company and who has overall responsibility for the way that the company is run

The CFO of Bagger Corp. is currently involved in planning capital-raising strategies to support the firm’s expansion

the person responsible for a company's financial affairs

While the Chief Executive Officer retains overall responsibility for the management of the company, he or she often delegates the responsibility for certain divisions to the Chief Operating Officer.

the person responsible for the day-to-day management of a company

Companies may choose to opt out of the government plan.

to choose not to be a part of some activity or to stop being involved in it

He will opt in to the Social Chapter of the new European Treaty.

- to choose to be involved in an offer or scheme - to choose to join in.

to choose a particular option.