CBL-JD23

LOGI (CAMBODIA) CO., LTD. (“Company”) is under the incorporation process through the Online Business Registration. While waiting for the incorporation to be completed, can the Company be bound by any contract? 

• No, because the Company has not acquired a legal personality 

• Yes, because the Company has a legal personality prior to incorporation 

• No, since the Company has no employee to sign such a contract 

• Yes, because the Company can be bound by a pre-incorporation contract which is entered into, by a person, in the name of or on behalf of the Company 

According to the Civil Code of Cambodia, which of the followings is NOT the circumstance in which a legal person may be dissolved? 

• Bankruptcy 

• A court judgment ordering the dissolution 

• A decision of the Chief Executive Officer 

• The occurrence of one of the grounds for dissolution stated in its AoI 

SP TRADING CO., LTD. (“Company”) wishes to liquidate and dissolve its entity. According to the Law on Commercial Enterprises (the “LCE”), who is eligible to liquidate the Company? 

• The Company’s Chairman of the Board of Directors 

• The Company’s accountant 

• A licensed accounting firm or a licensed auditing firm recognized by the Accounting and Auditing Regulator 

• The competent Court of Cambodia 

DEALER CAM CO., LTD. (“Company”) wishes to change its registered address from Khan Chamkarmon to Khan Beoung Keng Kang. According to the LCE, what shall the Company do? 

• Announce the notice of change in the newspaper 

• Provide notice to Khan Chamkarmon authorities within fifteen (15) working days of such change 

• Notify the MOC within fifteen (15) working days of such change. 

• None of the above 

According to the LCE, which of the following statements regarding a sole proprietorship is correct? 

• A sole proprietorship is established and operated by a natural person who uses his property as capital of the sole proprietorship. 

• A sole proprietorship is established and operated by a legal person 

• A sole proprietorship is required to have the AoI and by-laws for its existence 

• None of the above 

CREATIVE CLASSY CO., LTD. (“Company”) is a single member private limited company. Its sole shareholder, Thida, fell ill and unfortunately deceased. What will happen to the Company after Thida’s death? 

• The Company will be automatically dissolved 

• The Company remains in operation 

• The Company has to be liquidated and dissolved by the court 

• None of the above 

Which of the following is NOT required to be stated in the AoI? 

• The class of shares 

• The authorized capital of the company 

• The name and complete address of each shareholder 

• The name and complete address of the Chief Executive Officer 

Which of the following statements is incorrect regarding the AoI? 

• The AoI is an agreement between the director(s). 

• The AoI must be provided to and approved by the MoC 

• The AoI is an agreement between the shareholder(s) 

• By signing the AoI, the shareholders and directors recognize their obligations provided therein 

What are the types of employment contracts provided for under the Labor Law? 

• Apprenticeship Contracts 

• Fixed Duration Contracts and Unfixed Duration Contracts 

• Fixed Duration Contracts, Unfixed Duration Contracts and Collective Bargaining Agreements 

• A and B above 

Under the Labor Law, what are the employee’s entitlement upon expiration of a Fixed Duration Contract? 

• Severance pays and payment in lieu of unused annual leave 

• Last unpaid salary 

• A and B 

• None of the above