The Extent of the Impact of Reducing the Capital of a Limited Liability Company on the Company’s Creditors in Jordanian Legislation
الكلمات المفتاحية:
Creditors, Limited Liability Company, Jordanian Companies Law 1997
الملخص
This descriptive study attempted to understand the legal protection of creditors of a limited liability company following the legislative changes to reduce the company capital. Law texts on legal protection for creditors of a limited liability company were analyzed and presented, focusing on the fundamentals of the laws considering the legislative changes to reduce the capital. The Jordanian company law stipulates the division of the company capital into equal shares, and each share had a minimum value of one Jordanian dinar, which is an indivisible amount. The Jordanian Companies Law does not stipulate a maximum number of partners. Paragraph (1) of Article (54) of the Jordanian Companies Law must amended to increase the capital of the limited liability company, and we hope to add texts to the provisions of the limited liability company, stipulating the imposition of a reasonable minimum amount of money for a person to participate in it as a partner and have limited liability.
المراجع
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2. Abu Zaid, Radwan, Commercial Companies, Part 1, Personal Companies and Limited Liability Companies, Dar Al Fikr Al Arabi, Cairo, 1988.
3. Al-Akeili, Aziz, The Mediator in Commercial Companies, Dar Al-Thaqafa, Jordan, 2016.
4. Al-Arini, Muhammad Farid, Commercial Companies, Dar Al-Jamia Al-Jadida for Publishing, Alexandria, 2009. Atwi, Fawzi, (2005) Commercial Companies in Positive Laws and Islamic Law, First Edition: Al-Halabi Legal Publications, Beirut.
5. Al-Arini, Muhammad Farid, Commercial Companies, New University Publishing House, Alexandria, 2009.
6. Al-Doori, Riyadh Nadhim Hameed, Ali Abbas Rafea, and Ali Salah Kareem. "LEGAL ASPECTS OF THE ACTUAL COMPANY." Russian Law Journal 11, no. 3, 2023.
7. Al-Haidari, Hiwa Ibrahim, The One-Person Limited Liability Company - A Comparative Study, Al-Halabi Legal Publications, Beirut - Lebanon, 2010.
8. Al-Mahasen, Osama Nael, A Brief Introduction to Commercial Companies and Bankruptcy, Dar Al-Thaqafa for Publishing and Distribution, Amman, 2008.
9. Al-Naimi, Sahar Rashid, Determining Responsibility for Forming or Participating in a Company, Dar Al-Thaqafa, Amman 2009.
10. Al-Qalyubi, Samiha, Commercial Companies. 7th ed. Cairo: Al-Nahda Al-Arabiya, 2016.
11. Al-Talahamah, Khaled Ibrahim - A Brief Introduction to Commercial Law - Juhayna Publishing and Distribution - Jordan 2003.
12. Aspan, Henry. "The Role of Notaries in the Registration of the Establishment of Commanditaire Vennootschap (CV) through the Business Entity Administration System." Scholars International Journal of Law, Crime and Justice 3, no. 12 (2020).
13. Chesterman, Simon. "Artificial intelligence and the limits of legal personality." International & Comparative Law Quarterly 69, no. 4 (2020): 819-844.
14. Diamantis, Mihailis E. "Algorithms acting badly: a solution from corporate law." Geo. Wash. L. Rev. 89 (2021).
15. Elias, Nassif, Encyclopedia of Commercial Companies - One-Person Company (Part Five). 2nd ed. Cairo: Al-Halabi Legal Publications, 2013.
16. Flammer, Caroline. "Green bonds: effectiveness and implications for public policy." Environmental and Energy Policy and the Economy 1, no. 1 (2020).
17. Gilmour, Paul Michael. "Lifting the veil on beneficial ownership: Challenges of implementing the UK’s registers of beneficial owners." Journal of Money Laundering Control 23, no. 4 (2020).
18. Guinnane, Timothy W. "New Law for New Enterprises: Cooperative Law in Germany, 1867–1889." Jahrbuch für Wirtschaftsgeschichte/Economic History Yearbook 61, no. 2 (2020).
19. Haileyesus, Israel Woldekidan. "Regulation of Ordinary Partnership under Ethiopian Law: A Comparative Analysis of Selected Legal Issues with the French Civil Partnership and the Thai Ordinary Partnership Regimes." Comparative Law Review 27, no. 1 (2021).
20. Handitya, Binov. "Redesign The Relevance Of Justice In Debtor Protection Related To Parate Executions Performed By Separate Creditors In Liability Agreements." Jurnal Akta 8, no. 4 ,2021.
21. Juwaihan, Maan, The Legal System for Reducing the Capital of Private Equity Companies, A Comparative Study, PhD Thesis, University of Mosul 2005.
22. Lefebvre, Vivien. "Performance, working capital management, and the liability of smallness: A question of opportunity costs?" Journal of Small Business Management 60, no. 3 (2022).
23. Maggiori, Matteo, Brent Neiman, and Jesse Schreger. "International currencies and capital allocation." Journal of Political Economy 128, no. 6 (2020).
24. Mahrez, Ahmed Mohamed, The Mediator in Commercial Companies, 8th ed., Al-Maaref Establishment, Alexandria, 2004.
25. Malham, Basem Muhammad; Al-Tarawneh, Basem Muhammad, Commercial Companies, Explanation of Commercial Law, Dar Wael, Amman, 2012.
26. Nassar, Thaer, The Responsibility of the Partner, Manager, or Board of Directors in a Limited Liability Company and Its Role as a Guarantee for Creditors in Jordanian Legislation, University of Jordan, 2013.
27. Radwan, Fayez Naeem, Individual Projects with Limited Liability, Al-Jalaa Library, 1990, p. 37.
28. Sami, Fawzi Muhammad, Commercial Companies, General and Special Provisions (Comparative Study), 1st ed., Dar Al Thaqafa for Publishing and Distribution, Amman, 2009.
29. Sami, Fawzi Muhammad, Commercial Companies, General and Special Provisions, Sixth Edition: Dar Al Thaqafa, 2012.
30. Sami, Fawzi Muhammad, Explanation of Commercial Law, Part 2 in Companies, Amman 1997.
31. Taha, Mustafa Kamal, Fundamentals of Commercial Law: A Comparative Study, 2nd ed., Cairo: Al-Halabi Legal Publications, 2012.
32. Yamalki, Akram, Commercial Law, Commercial Companies, Comparative Study, 1st ed., Dar Al Thaqafa for Publishing and Distribution, Jordan, 2008.
33. Yehya, Omar Natiq. "The Legal Position of the Interim Director of Company." Journal of Namibian Studies: History Politics Culture 33, 2023.
منشور
2024-11-20
كيفية الاقتباس
Ahmad Alsharu. (2024). The Extent of the Impact of Reducing the Capital of a Limited Liability Company on the Company’s Creditors in Jordanian Legislation. Journal of Arts, Literature, Humanities and Social Sciences, (114), 357-375. https://doi.org/10.33193/JALHSS.114.2024.1287
إصدار
القسم
المقالات
الحقوق الفكرية (c) 2024 Ahmad Alsharu
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