The settlement went further in that ENRC also purchased First Quantum's residual claims
and assets in the DRC.
Did the Communist Party of the Soviet Union (CPSU) function as a collective ruler of the Soviet Union with residual claims
on national income?
EVENT: Eurasian Natural Resources Corporation PLC (ENRC) announced that it has completed the previously announced acquisition of First Quantum Minerals Ltd.'s residual claims
and assets in respect of the Kolwezi Tailings project, the Frontier and Lonshi mines and related exploration interests, all located in the Katanga Province of the Democratic Republic of Congo, for total consideration of US$1.25 billion.
Eurasian Natural Resources Corporation plc (LSE:ENRC) (KASE:GB_ENRC) said today that it has completed its acquisition from First Quantum Minerals Ltd (TSX:FM) (LSE:FQM) of the company's residual claims
and assets in the Democratic Republic of Congo (DRC).
Indeed "the central contracts in any organization specify (1) the nature of residual claims
and (2) the allocation of the steps of the decision process among agents" (Fama and Jensen 1983).
Structures of property rights result from the allocation of residual rights of control and residual claims
. Having the residual rights of control with respect to an asset means having the right to make any decisions concerning the use of this asset that have not been assigned to another person or institution by contract or by law.
give rise to residual claims
over collections of valued attributes.
A THEORY OF THE FIRM: GOVERNANCE, RESIDUAL CLAIMS
, AND ORGANIZATIONAL FORMS.
To understand this distinction, note that in a corporation the residual claims
, which are evidenced by shares of stock, are sold to third-party investors ("shareholders").
Meckling, attacks such diverse issues as the nature of man, the theory of the firm, residual claims
and organizational form, agency costs, executive compensation, and organizational performance measurement.
Although employers may wish to limit their potential liability by restricting the statutory claims and remedies available in arbitration, such an attempt may abrogate the entire arbitration agreement or leave residual claims
to be litigated in court.