Commercial and Business Organisations Law in Papua New Guinea, Vol. 1 »

A timely and apposite treatise on Papua New Guinea's economic environment, this book explores business organizations law and various aspects of commercial law in Papua New Guinea in a readable and informative style.

Business and commerce is the twin engine that propels the economy of a modern nation. They ensure steady economic growth and development. In an age of globalization, they assume even greater importance than at any time in human history. A nation risks being marginalized or left behind in the race for a share of the world economic market unless it ensures the stability of its business and commercial sector. Trade regulation, good governance and democratic institutions go hand in hand in guaranteeing political and social equilibrium. As such the laws designed to facilitate trade and commerce are a vital component of the political and social equation.

This is a valuable book for law students, legal practitioners, accountants and business executives, not only within Papua New Guinea, but also in Australia and throughout the South Pacific.

Foreword     ix
Acknowledgements     xi
Table of cases     xiii
Table of Papua New Guinean Statutes     xliii
Table of Statutes from Other Jurisdictions     xlix
Sale of Goods   John Mugambwa     1
Introduction to the Law of Sale of Goods in Papua New Guinea     3
Terms of the Contract of Sale of Goods     13
Effects of the Contract of Sale of Goods     34
Performance of the Contract of Sale of Goods and the Remedies     55
Law of Agency   Alex Amankwah     85
Agency Law in Papua New Guinea     87
Law of Banking   Alex Amankwah     121
Law of Banking in Papua New Guinea     123
Company Law   Val Haynes     171
Introduction to Company Law in Papua New Guinea     173
Capacity and Structure of Companies     226
Directors' Duties     273
Shareholder Remedies     341
Corporate Liability     379
Shares and Company Financing     474
Receivership     528
Liquidation     562
Law of Other Business Organisations     633
Partnerships Law in Papua New Guinea   AlexAmankwah     635
Law of Co-operatives   John Mugambwa     683
Business Group Incorporation   John Mugambwa     705
Index     721