The effect of the allocation of financial liability on a one-person company

Section: RESEARCH
Published
Aug 4, 2025
Pages
190-223

Abstract

In order for the trader to rid himself of personal responsibility for all his debts and obligations, his thinking was directed towards determining his responsibility. This has been a long time since the beginning of the attempts to determine the responsibility of the merchant is to allow him to establish a limited liability company, of which one company was established and the idea of a one-person company is based on the legislation of the Principality of Liechtenstein (1) By relying on the theory of allocation of financial liability under which any natural person or legal entity can deduct part of its funds and allocate it to the exploitation of a particular project, whether this project is civil or commercial.

References

  1. - Dr. Latif Jabr Komani, Commercial Companies Comparative Legal Study, a book published on the World Wide Web and on the websitewww.ao-academy.org/wesima_articles/library-2006731-507.html
  2. Fifth: Research extracted from the Internet1- Dr. Abdullah Kharchoum, the one-person company in the Jordanian Companies Law 1997 and its amended laws, published research on the World Wide Web and on the websitewww.arablaw.winfo.com
  3. Fourth: Research1 - Mr. Mustafa Nateq Saleh wanted, individual project company one person according to recent legislative developments, Rafidain, Volume 10, No. 36, 20082- Dr. Basem Mohammed Saleh Al-Jarjis, One Person or Individual Project, Journal of Legal and Political Sciences, Volume 6, No. 1 and 2, Al-Ani Baghdad Press, 19873- Dr. Munther Abdul Hussein Al-Fadl, Individual Project (One-Person Company) in the Iraqi Companies Law No. 36 of 1983, Journal of Law, First Issue, 1988.4 - Mowafaq Hassan Reda, the law of companies objectives and foundations of concepts, publications of the Center for Legal Research (10) Baghdad 1985
  4. Second: University degrees1 - Nusseibeh Ibrahim Hamo, non-cash shares in companies (comparative study), a doctoral thesis submitted to the Faculty of Law, University of Mosul, in 1998.
  5. Third: Laws1 - Iraqi Companies Law No. 21 of 1997 in force2. French Commercial Law of 20013 - Egyptian Companies Law No. 159 of 19814 - Qatar Companies Law No. 5 of 2002 and amended by Law No. 16 of 20065 - Kuwaiti Companies Law No. 15 of 19606 - Jordanian Companies Law No. 40 of 20027. The Care of Iraqi Minors Act No. 78 of 19808. Iraqi Civil Code No. 40 of 19519 - Iraqi Trade Law No. 30 of 1984
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