Modern multinational corporations are more similar to British trading corporations like the East India Company than we would like to admit.’ Critically discuss this statement. 22354 – LH Company Law TAKE-HOME ASSESSMENT Word limit: 3000 words (including footnotes)

22354 – LH Company Law TAKE-HOME ASSESSMENT
Word limit: 3000 words (including footnotes)
You must complete THREE questions. TWO questions from Section A and ONE question from Section B.
SECTION A
You must complete two question from Section A

‘Modern multinational corporations are more similar to British trading corporations like the East India Company than we would like to admit.’ Critically discuss this statement.
Many pieces of legislation were passed in the C19th to enable the company form to facilitate investment. However, it was of little interest to industrialists until the end of the century. To what extent is this statement true? Explain why.
The law is increasingly upending the ability of MNCs to use subsidiaries to limit their exposure to risk. To what extent is this true?
‘Directors are intrinsically bound to serve the interest of shareholders, and possess very little scope to serve the interest of the broader community.’ Discuss.
‘The separation of ownership from control in large corporations is illusory.’ Is this true?

SECTION B
You must complete this one compulsory question
Alastair, Brian and Celine, who were close friends, decided to start a publishing business in order to publish scientific divulgation books that will have broad circulation and educate the general public. To that effect, they registered Enlightened Books Publishing Ltd in 2010. The company has a share capital of £40,000 divided into 4,000 shares of £10, with Alastair and Brian each holding 1,600 shares, and Celine holding 800 shares. The company adopted the model articles of association for private companies limited by shares with the following modifications:

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