Derived from the renowned multi-volume International Encyclopaedia of Laws,
this practical analysis of the law of business formations in Tonga
provides quick and easy guidance on a variety of corporate and partnership
considerations such as mergers, rights and duties of interested parties, stock
exchange rules, labour laws, and takeovers. Lawyers who handle transnational
business will appreciate the explanation of local variations in terminology
and the distinctive concepts that determine practice and procedure.
A general introduction covering historical background, definitions, sources of
law, and the effect of international private law is followed by a discussion
of such aspects as types of formation, capital, shares, management, control,
liquidation, mergers, takeovers, holding companies, subsidiaries, and
taxation. Big companies, various types of smaller entities, and partnerships
are all covered in turn. These details are presented in such a way that
readers who are unfamiliar with specific terms and concepts in varying
contexts will fully grasp their meaning and significance.
Thorough yet practical, this convenient volume puts the information necessary
for corporations to compete effectively at the user’s fingertips. An important
and practical tool for business executives and their legal counsel interested
in engaging in an international partnership or embarking on corporate
expansion, this book will prove a valuable time-saving tool for business and
legal professionals alike. Lawyers representing parties with interests in
Tonga will welcome this very useful guide, and academics and researchers
will appreciate its value in the study of comparative business law.