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Legal Entity
(redirected from legal persons)

    Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia 0.01 sec.
Legal entity
A person or organization that can legally enter into a contract, and may therefore be sued for failure to comply with the terms of the contract.
Legal Entity
A person who can enter a contract and therefore may be sued. A legal entity can be held liable for damages. It is important to note that a legal entity need not be an individual person. A corporation or other duly constituted organization is recognized as a person and, as such, is considered a legal entity.
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The UN Convention Against Corruption was ratified by Cyprus in 2008 but in June this year, the European Council's GRECO (Group of States against Corruption) group recommended that the island "strengthens the sanctions applicable to legal persons (companies) convicted of crimes of corruption" so that they become more effective and pre-emptive.
Bill hopes to shut down corrupt companies by Cyprus Mail (Cyprus)
Because the majority of private legal persons are companies, the detailed liquidation procedure is laid down in the Law on Companies.
Liquidation of a company by Matiukas, Marius / The Baltic Times (Riga, Latvia)
This policy should envisage, in particular, effective measures that discourage the misuse of legal persons for purposes of corruption and related offences.
GUIDELINES IN FIGHTING CORRUPTION - by Hemant Batra by Hemant K. Batra / Automotive community
 
 
 
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