Court Uncourt - Volume VIII Issue 5

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framework. Furthermore, it will be advisable for directors to clearly define their liabilities and seek to measure the risk so that they can contribute more effectively to the growth of the company, economy, and nation as a whole. It is critical to note that when an individual is appointed as a director under the Companies Act, his responsibilities as a director are not limited to violations of the Companies Act; he is also liable for violations of numerous other statutes. As a result, when serving as a director of any business, it is critical to ring-fence the liabilities and attempts to hedge them. The rule and its applications of the Indian Contract Act, 1872, have been discussed at length in this edition of Court Uncourt along with Supreme Court Decisions on cases pertaining to liquidated damages. This edition of Court Uncourt also explores in detail the Liability Lawsuits, squeezing out minority and invalidation of Board/Shareholder decisions under Turkish law. We also venture into the legal impediments of incorporating a Business, compensation in a Force Majeure event and software patents in the UAE. Keeping up with the changes in the corporate sector worldwide, we also look into the duties and liabilities of directors in Ireland, regulatory framework of mergers in Russia and UK tax consideration for short term business visitors. Furthermore, we also provide an insight into the challenges and opportunities presented while doing business in Saudi Arabia. Conversely, looking into the exit strategies in case individual wishes to exit a family business. Thank you, and we hope you have an insightful read!