Cyprus-Forum.com

[Mr. T]

don't limited companies still have to have a director and secretary, who would be liable for the company?
last time we had a uk ltd company i think that was the case. i'm not sure about other countries laws on ltd's.

my feeling are it would be best for both sides to sit down and look at the numbers of people who want to make claims from both sides and try and work something out together.

Any physical person who occupies a property will be liable even if the property is "purchased" in the name of a limited company.

I apologise in advance but see your comment relates to all persons other than ghosts, the dead etcetera but seriously a tenant, which is what the transferor would become could not possibly pass on the property or demolish it.

[Byron]

Mr T.

I would be interested to know the premise.... that makes you believe it would be a problem.......... in this instance.

What are you talking about ? Write plain and simple English so that everyone can understand.

If you do not understand the legal term " lifting the veil of incorporation" I suggest you take a short course in English Company Law, try buying Smith & Keenan, I would recommend it for beginners !

There is nothing I can do to help you as this is plain and simple English other than to suggest you purchase ( this means 'buy') a dictionary if any of my words are too difficult (hard) for you to understand.

I vaguely remember having a copy of the book you mention when I studied law.

Please have the guts to respond to my comment with a legal argument.

The legal argument is based on the term " lifting the veil of incorporation". If you understand the term there is the answer in plain, simple and coherent English.

[polis]

don't limited companies still have to have a director and secretary, who would be liable for the company?
last time we had a uk ltd company i think that was the case. i'm not sure about other countries laws on ltd's.

my feeling are it would be best for both sides to sit down and look at the numbers of people who want to make claims from both sides and try and work something out together.

Any physical person who occupies a property will be liable even if the property is "purchased" in the name of a limited company.

I apologise in advance but see your comment relates to all persons other than ghosts, the dead etcetera but seriously a tenant, which is what the transferor would become could not possibly pass on the property or demolish it.

The whole point of having a judgment executed in the EU is to get the compensation by selling assets. The cases are not really a matter of compelling the demolition of the property, mind you I'm sure Apostolides wouldn't mind keeping the house on his land, but for securing the ownership of the property and getting a damages award and even that is secondary. The real purpose of these actions is to stop construction on Greek Cypriot land. As for the occupier (not the tenant) they are equally liable as the company that purporetdly owns the property. So the physical person occupying the property (physical person as opposed to a legal entity so cut the irony) tenant will have to pay damages jointly with the company.