] As a result, the parties had the same percentage interests in ASUMA as they did in All Saints. Apart from challenging the dissociation remedy ordered against him and Paulpillai, Yusuf further argues that the trial court erred in reciprocally denying plaintiffs any relief as to their own affirmative contentions against defendants. FN12. [14] The school is authorized to confer degrees in Doctor of Medicine (MD) upon its graduates, allowing eligible candidates to practice medicine in Dominica and overseas. We therefore agree with the trial judge's legal ruling that the Operating Agreement did not provide for an effective waiver of Chilana's right to petition the court under N.J.S.A. Meanwhile, in the paperwork submitted to Smith Barney, Chilana and Yusuf were designated as ASUMA's managing members.. We also do not lose sight of the fact that plaintiffs themselves have an eighty percent interest in another medical school in Dominica..FN16. N.J.S.A. [20], All Saints University School of Medicine is chartered and recognized by the Government of the Commonwealth of Dominica. DMG Children's Rehabilitative Services (DMG CRS) 3141 N. 3rd Ave., Ste. On March 1, 2014 (the first day of the eighteenth month following the enactment), the current LLC law (L. 1993, c. 210, and its 1997 and 2003 amendments) will be repealed, and the RULLCA will then be effective as to all LLCs. FN17. Copyright 2023, Thomson Reuters. All Saints University offers three different medical programs for their students. For the reasons that follow, we affirm the trial court's final judgment ordering plaintiffs' dissociation from the LLC. It has not diminished the value of interests of All Saints in any discernible way. Whether or not plaintiffs' conduct concerning the bank accounts was wrongful under subsection 3(a), the trial court clearly had a reasonable basis under subsection 3(c) to consider those confrontational actions as indicia that it would not be reasonably practicable for the company to carry on with plaintiffs continuing as members, in the wake of the school's financial crisis. We rejected Yusuf's arguments. Paulpillai did not ordinarily sign checks on the CMB account, from which All Saints initially paid its operating expenses. Despite the gravity of this problem, Yusuf and Paulpillai essentially pointed fingers at Chilana, and sought to position themselves as blameless in the eyes of the teachers. Silberie, meanwhile, complained that some students from All Saints had transferred to a Dominican medical school, known as All Saints University of Medicine, Dominica, in which Paulpillai and Yusuf owned a combined eighty-percent interest. We accord considerable deference to the discretion of the judges who make such equitable rulings. 357, 381 (App.Div.2007), rev'd on other grounds, 196 N.J. 502 (2008), held that the appropriate valuation date in the event of dissociation is the date of the dissociation itself. On December 3, 2008, oral argument was held on Chilana's emergent application. Yusuf points out that under the New Jersey statutes governing corporations, it is improper for a court to order majority shareholders to sell their interests to the minority shareholders except in egregious circumstances. Sebring held that a partner's failure to make capital contributions to a partnership in breach of the partnership agreement warrants dissolution of the partnership and the consequent expulsion of that partner. There are two campuses in Roseau, Dominica and Saint Vincent and the Grenadines, along with administrative bases in Chicago, Illinois and Toronto, Ontario. We note that defendants' appellate brief similarly focuses upon the application of subsection 3(c), with little discussion of the proofs or legal analysis relating to subsection 3(a)..FN11. 42:2B24(b)(3)(c) for dissociation. This means that every time you visit this website you will need to enable or disable cookies again. ] (Emphasis added). In the wake of the venture's persisting problems, the trial court did not abuse its discretion in ordering dissociation under N.J.S.A. Dipti Sharma, B. Pharm (Jalandhar), Associate Registrar (Clinical Affairs)Mrs. Pritam Shahukar, MSc. Quite the same Wikipedia. The University is located on the beautiful, safe and friendly island of St. Vincent and the Grenadines. Melissa Alexander, (China), Administrative Assistant, Dr. Suraj Parajuli, MBBS, MD (Kathmandu), (Associate Professor and Chair)Dr. Wisam Al-Hafidh, MBChB, FRCS (UK), ProfessorDr. FN11. It was not an easy road but their guidance and advice 0 Comments March 24, 2022 Photo Gallery Support Most iptv box. They've had plenty of opportunities to show otherwise. At trial, the parties disputed whether the agreement was an LLC operating agreement under N.J.S.A. Joshua Yusuf: Dean . According to Chilana, he acquired the charter with no intention to start a medical school unless All Saints failed, in which case the students and faculty would need a new medical school. Under the Operating Agreement, signatures from three persons were required to write a check over $10,000 on each account, but each party had rights to view the accounts. We also do not lose sight of the fact that plaintiffs themselves have an eighty percent interest in another medical school in Dominica. Consistently ranked among the top primary care medical schools, our small class sizes enhance the individual learning experience. Citations are also linked in the body of the Featured Case. He also complained that he was unable to get All Saints's financial statements for 2005 and 2006 from Yusuf and Paulpillai. For these reasons, to the extent that the trial court's final order might be construed to imply that a sale of Yusuf's shares is compelled, we do not adopt such a construction. Rather, the parties and trial judge seem to have proceeded under the assumption that dissociation automatically constitutes a loss of economic rights in addition to a loss of managerial rights. All Saints University School of Medicine, Dominica (ASUDOM) is a private medical school located in the Caribbean. Id. N.J.S.A. This website uses cookies to improve your experience. Instead of the forced sale remedy the court ordered for his breaches of his fiduciary duties and duty of loyalty, Yusuf was allowed to retain his interest in ASUMA, albeit stripped of his management role. The court's findings of fact are binding on appeal when supported by adequate, substantial, credible evidence. Cesare v. Cesare, 154 N.J. 394, 41112 (1998); see also Brunson v. Affinity Fed. Meanwhile, in February 2010, Paulpillai entered into an agreement conveying his interest in ASUMA to Yusuf for the sum of $10. Meanwhile, plaintiffs contributed no funds, and Paulpillai advised teachers, by copying them on an e-mail, that defendants were solely to blame for the financial crises. Meanwhile, Chilana infused at least $250,000 in funds to All Saints since obtaining the other charter. This amount will be refunded upon completion of the course if no damages to slides and microscopes are incurred. None of the parties objected to this characterization of All Saints for purposes of the valuation..FN17. He did not recruit faculty, staff, or students for the third school. We reject Yusuf's misplaced reliance on Agha v. Feiner, 198 N.J. 50, 6364 (2009), in which the Supreme Court held that a medical expert cannot testify about a disputed MRI finding made by a non-testifying radiologist if the expert has no skill or competency to interpret such MRI films himself or herself. By continuing to use this website, you consent to the use of cookies in accordance with our Cookie Policy. When, however, Judge Contillo could not find on remand that the parties had stipulated to a buyout with the knowledge that the statute did not compel a forced sale, or that we gave him leave to reconsider the remedy in light of our clarification of the law, Yusuf obtained a windfall. FN19. As for the second student, she obtained a default judgment in Canada against All Saints, after serving her complaint on plaintiffs. Pursuant to the Articles, the decisions of the Board of All Saints required unanimous action by all three founders. Our review of the May 27, 2010 decision of the Court of First Instance of Aruba, furnished to us in Yusuf's appendix, which removed Paulpillai and suspended Yusuf as members of the All Saints Foundation Board pending a final decision on Yusuf's appeal in this matter, does not alter our analysis or preclude the disposition we reach. Judge Contillo's opinion on this most recent remand makes clear beyond all doubt that he determined in 2009 and still believes "that the appropriate remedy in this case is and remains the involuntary buy-out by Dr. Chilana of Dr. Yusuf's ownership interest in ASUMA LLC." We invite you to join us to discover an All Saints Education and realize your dreams of becoming a great physician. All Saints University School of Medicine is chartered and recognized by the Government of the Commonwealth of Dominica. FN14. He also challenges the court's conclusion that defendant's actions caused no harm to the LLC or to All Saints. Yusuf concedes Judge Contillo could have ordered a forced sale of his interest in ASUMA, notwithstanding any provision of the Operating Agreement. To show their continued support and desire to invest in the country, the All Saints University School of Medicine made a donation to the Government of Dominica in the amount of $100,000ECD to help Dominicans with relief efforts. As the trial judge aptly phrased it in his oral comments from the bench: if there's any finding of fact that I think is completely unavoidable in this case, it is that these individuals [meaning Plaintiff and Mr. Paulpillai] and this individual [meaning Dr. Chilana] cannot work together to advance the interests of the LLC or the university. The trial court was not obligated to reject Solomon's opinion on valuation. Id. We note the adjective wrongful is not defined in the statute. Glueck hired an expert to determine whether the student was entitled to a degree, and the expert confirmed that he was. Although the record is suggestive that the immigration problems did indeed continue, this factual finding likewise is not critical to the statutory assessment under subsection 3(c) about whether it was reasonably practicable to carry on the LLC with plaintiffs. See Angel v. Rand Express Lines, Inc., 66 N.J.Super. We have sent on your application and wish you the best of luck with your potential acceptance :). In addition, the school's immigration problems were persisting, apparently because All Saints either did not pay or had been late in paying its taxes.5. HOME; Plan de invatamant; Cadre didactice; Admitere; Practica; Disertatie; Echipa manageriala As for the valuation date used, the court in Denike v. Cupo, 394 N.J.Super. (emphasis added). 42:2B39. We recognize that the LLCA does afford members of an LLC wide discretion to define their relationship, by allowing members to establish the LLC's structure, and to contract for their rights and obligations through the express terms of an operating agreement. Silberie was an authorized signatory only on the CMB account. Sebring involved the dissolution of a partnership and dissociation of one of its partners under another statute, N.J.S.A. Our Faculty Members are highly professional and very supportive of our students' academics and well-being. The portion of the Operating Agreement that Yusuf argues that the trial court should have enforced in lieu of N.J.S.A. 1. Ibid. He also changed the online method for students to pay their semester tuition to All Saints from PayPal to Google, because the Google system was substantially cheaper. Chilana further testified that both the CMB and Smith Barney accounts had not opened up prior to this litigation. Furthermore, a waiver of a known right must be clear, unequivocal, and decisive. FN18. If you disable this cookie, we will not be able to save your preferences. On the initial remand, Judge Contillo was unable to find the parties had stipulated to a forced sale with the understanding that N.J.S.A. 42:2B-24b compelled the sale of the shares of a dissociated member in relying on the statute to achieve that result instead of on the court's equitable powers. As we have previously noted in Part II(B), supra, of this opinion, dissociation pursuant to N.J.S.A. 100. Aruba v. Chilana, No. 6, 18802 because it had no office, no operating revenue, and no prospects of equity or debt infusion. Id. The Recruitment of Chilana and the Formation of the LLC. On May 5, 2007, Chilana filed a Certificate of Formation in New Jersey, organizing ASUMA LLC. Kuhn, supra, 366 N.J. at 440. Superior Court of New Jersey, Appellate Division. No. Chilana established ASUMA's office in the basement of the building of his New Jersey medical practice. Housing expenses usually vary between US$200 and US$450 per month depending on the type of apartment and whether it is single or double occupancy. In reaching this holding, we indicated in Sebring that, even absent a proven breach of the partnership agreement, the failure by a partner to contribute capital may satisfy the not reasonably practicable standard expressed in N.J.S.A. Admission into the 4-year program requires a Bachelor Degree or completion of at least two years of post secondary education, which must include successful completion of premedical admission requirements such as: Biology - 90 semester hours Chemistry - 90 semester hours Physics - 90 semester hours and one year of Mathematics or Calculus, English and Humanities or Liberal Arts. At that future time, the new statute will apply to all LLCs formed after its effective date and to any LLC that changes its operating agreement to implement the RULLCA's provisions. We have no occasion here to review the reasonableness of the fees charged by Weiner and Glueck, and no orders establishing or approving their terms of compensation have been appealed. at 3, we, in effect, vacated Judge Contillo's chosen statutory remedy for the judgment Chilana secured against Yusuf on derivative count five of the counterclaim. Dr. Joshua Jeffs is the manager for instructional laboratory instrumentation in the School of Molecular Sciences at Arizona State University (ASU). 42:2B24(b)(3)(c). Yusuf and Paulpillai bought equipment, supplies, and furnishings. All Saints faculty is comprised of highly qualified, experienced and committed professors. Aruba v. Chilana, No. Here, plaintiffs offered no competing expert to take part in the proverbial battle of experts. ", The judge accordingly entered an order on December 17, 2013, modifying the prior judgment by declaring that Yusuf, having been dissociated from ASUMA since January 6, 2010, had since that date "only the rights of an assignee of a member's limited liability interest pursuant to N.J.S.A. [18], All Saints University School of Medicine was accredited in 2019 by the ACCM (Accreditation Commission of Colleges of Medicine). The two men resolved, with their collective experience, to establish another medical school in the Caribbean. Beside MD Degree programs, we offer 4-year (8 semesters) and 3-year (6 semesters) Bachelor of Science degree programs in Nursing. Yusuf testified that Chilana's position on the Board did not give him the same authority as the three founding members. FN2. Dr. Demke completed his medical school education at Texas Tech University Health Sciences Center in 2003, and went on to complete his Surgical Residency in Otolaryngology/Head and Neck Surgery at UNC Chapel Hill, North Carolina in 2008. But no steps have been taken to make that possibility a reality. and conveying it to Dr. Chilana, for what it was worth: zero." Symeonides was ASUMA's company accountant, appointed by the Special Fiscal Agent, and thus a logical source for financial information. Applicants must possess a high school/secondary school diploma or certificate with credits in Mathematics or Calculus, English and Science subjects, including Chemistry and Biology. Located in the city of Roseau of Dominica, the university has been named the best Caribbean Medical School. We decline to second-guess the trial judge's disposition of these issues relating to defendants' own conduct. We agree. In particular, plaintiffs had not provided ASUMA's accountant, Dean Symeonides,7 with adequate bank records establishing that students had paid tuition to plaintiffs prior to the formation of ASUMA, and showing in which bank plaintiffs had deposited the tuition payments. To begin paying ASUMA's expenses, Chilana sent fifty blank checks on the Smith Barney account to Yusuf and Paulpillai, which they respectively signed and returned to him. 141, 152 (App.Div.2007) (absent an LLC operating agreement, the LLCA controls). 42:2B24(b) does not mandate a forced sale of a dissociated member's shares. There would have been no other option." The judge similarly detailed his reasons for rejecting plaintiffs' contentions of breach of fiduciary duty concerning the check-signings: The secondary allegation against Chilana is that he breached his fiduciary duty by signing checks in violation of an agreement he had with the foundation, by opening additional bank accounts, paying unauthorized expenses and changing the on-line payment system. To the extent the financial practices implemented by Chilana deviated from the parties' Agreement, they caused no damages or harm whatsoever, and thus provide no basis for relief under a breach of contract cause of action. Although plaintiffs initially had sought dissociation of defendants from the LLC, Yusuf has not sought such a remedy on appeal..FN15. The Operating Agreement did not expressly designate a managing member who was responsible for making day-to-day operational decisions for the LLC. 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