EU Policy and Business Essay Example | Topics and Well Written Essays - 2000 words

EU Policy and Business - Essay Example According to political analysts the accession of the Turkey with the European Union is expected to provide both with 'considerable opportunities and challenges' (Flam, 2003), beside serious challenges. The accession of the Turkey into European Union will clear certain reservations and misconceptions which alleged that European Union is a Christian Club, the accession will further reflect the fact that European Union is visionary of 'inclusive and tolerant society', and will exemplify that European Union is diversified association, which is 'bound together by common values of liberty, democracy, the rule of law and respect for human rights' (Oguz, 2003). It is believed that the accession will validate the European Union's firm commitment and support towards the development of a multiethnic, multicultural and multi-faith Europe, and is likely to defy the concept of 'clash of civilizations', and will nullify the social concerns towards the outspread of terrorism, through amalgamation wi th Muslim society. The critics have regarded the accession as an opportunity for the European Union to support Turkey i.e. ... The European Union is expected to secure 'respect and credibility' (Oguz, 2003), and will be able to nurture its soft image by supporting the accession of Turkey, some critics have requested the expedition of the admission process so as to discourage the rising popularity and emergence of the hard-line Islamists forces. Turkey's accession to the European Union will offer revised approach towards Islam which is compatible to the democratic values. It is believed that the accession of the Turkey with the European Union will develop an understanding that contributes towards the resolution of the concerns associated with the integration of religious beliefs and traditions with the universal principles of the modern societies. The role of the European Union is expected to get further strong and influential, and its emergence as the foreign policy actor, will impact the world politics considerably after the accession of the Turkey. The newly adopted security strategies by the European Unio n i.e. A Secure Europe in a Better World and the Wider Europe: Neighborhood under the proposal forwarded by the European Commission and the European Parliament has encouraged the European Union to give due consideration and significance to the Southern periphery for strengthening European security. It has been reported that the geo-strategic position of Turkey will broaden the scope of activities and influence in regions of vital interests to the international community i.e. the Middle East, the Mediterranean, Central Asia and South Caucasus. Turkey has forged good understanding with the Israel, Arab countries and the United States, Turkey is quoted as the credible and major negotiator who has contributed immensely for bridging the differences between the Israel and Palestinians. It is

Company law Case Study Example | Topics and Well Written Essays - 2250 words

Company law - Case Study Example tors of Made in Wales (MIW) of refusing to buy the land only for them to allow Lisa to buy the land and then resell it to the firm at a much high profit margin, the officers are liable and the firm as a whole was liable. However, considering that the person who is suing the firm one of the shareholders, the liability in this case will not be on the firm but the directors. However, since Derek was not directly involved and he had not been attending board meetings, he may be exempt from this. Derek was not officially aware of this transaction and therefore from a legal point of view, he is not at default. Part (b) of section 82 also outlines that a person guilty of such an offence is can be prosecuted and given the punishment hat is in line with his or her offence. However, it also provides that for continued contravention, a daily default fine may apply. However, even though Derek had not attended any meeting, and was not involved in the transactions that led to MIW being in trouble, he still bears some responsibility as a director. In Re Hydrodam (Corby) Ltd [1994] 2 BCLC 180, the court made a decision, which showed what a shadow director is. This could be useful a court of law to implicate him. Section 197 outlines that for a company to give loans it requires members approval (Van Duzer, 2007). Subsection 1 of this section outlines that company may not (a) make a loan to a director or (b) give a collateral or provide security for a loan given to any of its directors director by any person or party. The section however gives an exception such as when such a transaction when the shareholders of the company have given an approval by a resolution. Section 209 however outlines that for money-lending companies, such an approval does not have to be there as long as the loan is through the correct procedure that would be in place when giving a loan to any other customer. In such a case, the do require would not be getting the loan or the security to a loan as a director