Shortcomings of KKO 2013 Sample Clauses

Shortcomings of KKO 2013. 84 As discussed above, the rationale behind the Supreme Court decision in KKO 2013:84 is basically the following: the non-signatory’s claim necessitates interpretation of the underlying agreement (in which the benefit was granted), making it an issue arising out of the agreement, which is to be resolved in arbitration. As an independent rule of interpretation, this one raises a few questions: first of all, with regard to arbitration agreementsformal requirements and extent in relation to third parties, and secondly with regard to situations in which multiple parties are involved in a series of contracts. In the first case, the rule provides no insight as to why the arbitration is extended to cover the non-signatory or why the formal requirements are dismissed. Even though it is now obvious that the written requirement is irrelevant with regard to the non-signatory beneficiary, does it mean that the Supreme Court decision construes the requirement the same way as the author336 or does it also mean that the nature of the requirement has changed even between the signatory parties? Although the author assumes the former, it might provide an interesting premise for further analysis. Be as it may, this lack of reasoning basically leads to literal application of the rule of interpretation. Therefore, in the case of multiple parties and series of contracts, if parties X and Y had a dispute which was materially linked to another agreement between Y and Z 336 I.e. the requirement only applies in the formation of the arbitration agreement between the signatory parties. See supra Chapter 5.2.1. containing an arbitration clause, would the dispute have to be brought to arbitration? If the rationale of the Supreme Court was applied, the answer would be positive, especially in case resolving the dispute would require interpretation of the agreement between Y and Z. This view, however, is troublesome due to the fact that it disregards the subjective scope of arbitration which has typically only bound the parties of the arbitration agreement. In other words, this rationale would place emphasis on the object and the subject matter of the dispute. Such interpretation would shift the focus away from party consent and intent which have traditionally been the focal elements, at least in the international environment. Further concern arises with regard to this problematic interpretation. Would the “easy access” to arbitration provided by this view drastically increase objection...
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Related to Shortcomings of KKO 2013

  • Meetings of the Board The Board may hold meetings, both regular and special, within or outside the State of Delaware. Regular meetings of the Board may be held without notice at such time and at such place as shall from time to time be determined by the Board. Special meetings of the Board may be called by the President on not less than one day’s notice to each Manager by telephone, facsimile, mail, telegram or any other means of communication, and special meetings shall be called by the President or Secretary in like manner and with like notice upon the written request of any one or more of the Managers.

  • MEETINGS OF THE GOVERNORS 105. Subject to these Articles, the Governors may regulate their proceedings as they think fit.

  • Meetings of Members The annual meeting of the Members shall be held on (day/month) at the principal office of the Company or at such other time and place as the Members determine, for the purpose of transacting such business as may lawfully come before the meeting. If the day fixed for the annual meeting shall be a legal holiday, such meeting shall be held on the next succeeding business day. The Members may by resolution prescribe the time and place for the holding of regular meetings and may provide that the adoption of such resolution shall constitute notice of such regular meetings. Special meetings of the Members, for any purpose or purposes, may be called by any Members (or such other number of Members as the Members from time to time may specify). Written or electronic notice stating the place, day and hour of the meeting and, in the case of a special meeting, the purpose for which the meeting is called, shall be delivered not less than three days before the date of the meeting, either personally or by mail, to each Member of record entitled to vote at such meeting. When all the Members of the Company are present at any meeting, or if those not present sign a written waiver of notice of such meeting, or subsequently ratify all the proceedings thereof, the transactions of such meeting shall be valid as if a meeting had been formally called and notice had been given. At any meeting of the Members, the presence of Members holding a majority of the Members’ Percentage Interests, as determined from the books of the Company, represented in person or by proxy, shall constitute a quorum for the conduct of the general business of the Company. However, if any particular action by the Company shall require the vote or consent of some other number or percentage of Members pursuant to this Agreement, a quorum for the purpose of taking such action shall require such other number or percentage of Members. If a quorum is not present, the meeting may be adjourned from time to time without further notice, and if a quorum is present at the adjourned meeting any business may be transacted which might have been transacted at the meeting as originally notified. The Members present at a duly organized meeting may continue to transact business until adjournment, notwithstanding the withdrawal of enough Members to leave less a quorum. At all meetings of the Members, a Member may vote by proxy executed in writing by the Member or by a duly authorized attorney-in-fact of the Member. Such proxy shall be filed with the Company before or at the time of the meeting. A Member of the Company who is present at a meeting of the Members at which action on any matter is taken shall be presumed to have assented to the action taken, unless the dissent of such Member shall be entered in the minutes of the meeting or unless such Member shall file a written dissent to such action with the person acting as the secretary of the meeting before the meeting’s adjournment. Such right to dissent shall not apply to a Member who voted in favor of such action. Unless otherwise provided by law, any action required to be taken at a meeting of the Members, or any other action which may be taken at a meeting of the Members, may be taken without a meeting if a consent in writing, setting forth the action so taken, shall be signed by all of the Members entitled to vote with respect to the subject. Members of the Company may participate in any meeting of the Members by means of conference telephone or similar communication if all persons participating in such meeting can hear one another for the entire discussion of the matters to be vote upon. Participation in a meeting pursuant to this paragraph shall constitute presence in person at such meeting. (Check if Applicable)

  • Meetings of Committee The Committee shall meet up to six (6) times per year. Additional meetings may be scheduled upon agreement of the co-chairpersons. Its members shall receive a notice and agenda of the meeting at least forty-eight (48) hours in advance of the meeting. Employees shall not suffer any loss of pay for time spent with this Committee. Meetings will be held within fourteen (14) calendar days of the request to meet.

  • Meetings of the Committee a) The Committee shall meet at the request of one of the central parties.

  • Required Meetings or Hearings Whenever any employee is required to appear before the Superintendent or his designee, Board or any committee, member, representative or agent thereof concerning any matter which could adversely affect the continuation of that employee in his office, position, or employment or the salary of any increments pertaining thereto, then he shall be given prior written notice of the reasons for such meetings or interview and shall be entitled to have a representative of the Association present to advise him and represent him during such meetings or interview.

  • Job Meetings Upon award of the Mini-Bid Contract and prior to the start of any work, the Contractor shall be available for an initial job meeting with the Authorized User’s representative to discuss the following items:

  • After School Meetings 1. The parties agree that attendance at three (3) PTA meetings or Open Houses shall be required. Employees serving in more than one (1) school building shall not be required to attend more than three (3) meetings. The employee and respective school principals shall arrange an appropriate visitation schedule at alternating sites. The employee will be available for all students under his/her supervision. Attendance at additional PTA meetings shall be by mutual agreement between the faculty and the principal.

  • Construction Progress Meetings The Design Professional shall attend Construction Progress Meetings periodically held by the Contractor at the Site on a schedule determined by the Contractor. The Design Professional shall review the minutes of the meeting and provide his written comments to the minutes to the Owner and Contractor within seven calendar days after receipt of the meeting minutes.

  • Annual Meetings The Annual Meeting of Stockholders for the election of directors shall be held on such date and at such time as shall be designated from time to time by the Board of Directors. Any other proper business may be transacted at the Annual Meeting of Stockholders.

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