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Kenya Vs Comoros Islands

Orascom Financial Holding, which is owned by well-known Egyptian millionaire Naguib Sawiris, has accepted a proposal prolonged by UAE-based Chimera Investments to accumulate a controlling stake in Egypt-based Beltone Financial Holding — an Orascom subsidiary.

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In a referendum held on 22 December 1974, a large majority on the islands, besides Mayotte, voted in favor of independence. The institution of a company as a man-made entity is acknowledged by regulation as a authorized particular person with rights and obligations. This signifies that the company is seen as a separate entity from its members. The United Nations General Assembly backed the Comorian declare to Mayotte despite French opposition.
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Shareholders can’t be answerable for the company’s actions even when they hold nearly all of the share capital. It is possessed by at least one shareholder and supervised by a minimum of one director. On 6 July 1975, the Comoros legislature unilaterally declared independence for all four islands, including Mayotte. ‘Abdallah dominated till he was assassinated in November 1989, when Said Mohamed Djohar, head of the Supreme Court, was appointed interim president. Shareholders usually are not the company’s agents and due to this fact cannot bind the company by their actions. This separate legal personality implies that the company has perpetual succession.

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