In September or October 2005, the enforcement branch of the Aruba immigration department entered All Saints with armed officials and detained several of its students. The tuition payments transferred electronically into the Citibank account through Google's payment service. Div. 1419, 1426 (N.D.Ind.1993), a case in which the United States District Court indicated that, had the partnership agreement not been breached, a partner's failure to contribute necessary capital made it not reasonably practicable for other partners to continue the partnership business with the defaulting partner. Credit Union, 199 N.J. 381, 397 (2009). Nor do principles of waiver support Yusuf's legal position. At the outset, MEERC received the tuition from these students, which was deposited into an account in Canada (the MEERC account), and then wired to the CMB account in Aruba. Joshua Yusuf is the Director and President of the academy and ensures the school is committed to providing high quality education leading to a Doctor of Medicine Degree (MD). [1] There is also an office in Chicago, Illinois. The Operating Agreement did, however, make clear that Board decisions required a unanimous vote of the directors. Our opinion only clarified that the statute would not support it. Before Judges Sabatino, Accurso and O'Connor. at n.9, we would never agree the doctrine could be used as a sword to perpetrate an injustice. Yusuf maintains that he and Paulpillai were justified in trying to prevent Chilana from co-signing checks solely with Silberie, which appeared to be in violation of the Operating Agreement. The record strongly reflects that plaintiffs' refusal to inject capital into All Saints could have resulted in its collapse, had Chilana not singularly assumed that burden. FN9. See N.J.S.A. PAULPILLAI, Plaintiffs, and Upon successful completion of Basic Medical Sciences in Dominica, students may elect to complete their core and elective clinical clerkships at any of our affiliated teaching or ACGME-accredited hospitals in the United States and Canada. Yusuf.". N.J.S.A. Please try again. Nevertheless, we offer the following discussion for sake of completeness. ALL SAINTS UNIVERSITY OF MEDICINE, ARUBA, ASUMA LLC and RICHMOND. Terms & Conditions. The enforceability of this agreement is unclear. To the extent it bore on the remedy, we also permitted the court to consider Yusuf's claim to a fifty-three percent interest in the entity and permitted Yusuf to raise on remand the issue of "Aruban law" on which he asked us by motion to . Dr. Joshua Jeffs is the manager for instructional laboratory instrumentation in the School of Molecular Sciences at Arizona State University (ASU). Plaintiffs insisted, however, that they were not in a position to make any capital contributions. This expansion was suggested by Weiner, who was extremely concerned [about the] financial viability of All Saints. Glueck hired an expert to determine whether the student was entitled to a degree, and the expert confirmed that he was. Sebring, supra, 247 N.J.Super. Welcome to ASUSM Lecturio, your online academy. Hence, no valuation of plaintiffs' shares in the LLC was necessary unless plaintiffs, once dissociated, elected to have their shares valued and to tender them to defendants. Weiner was able to resolve this student's lawsuit. Ibid. A-2628-09T1 ALL SAINTS UNIVERSITY OF MEDICINE ARUBA; ASUMA LLC; and RICHMOND PAULPILLAI, Plaintiffs, and JOSHUA YUSUF, Plaintiff-Appellant, v. GURMIT SINGH CHILANA, Defendant-Respondent, and PETER SILBERIE, Defendant. Moheem Halari, MBBS (Maharashtra), MSc. All Saints University School of Medicine Dominica Websites About Founded in April 2006 with 28 students, All Saints University Dominica (ASUDOM) now stands with a student body population of. Solomon explicitly rejected other potential approaches to determining value. Id. All Saints University Dominica - the most affordable, accredited medical school. 42:2B24(b)(3)(c), which pertains where a member engaged in conduct relating to the [LLC's] business which makes it not reasonably practicable to carry on the business as a member of the [LLC]. (Emphasis added). Given this delayed effective date, the change in the statutory scheme has no effect on the issues in the present appeal. Yusuf first contends that the trial judge misapplied this statute, as a matter of law, by failing to enforce the Operating Agreement's restrictions upon the forced sale of a member's stock in the LLC. On September 11, 2008, the court entered another consent order expanding Glueck's authority as interim chief operating officer, which specifically outlined his responsibilities. Applying these well-established standards of review here, we discern no basis to set aside the trial court's final judgment, for the many reasons that we now delineate. MANAGEMENT - TRUSTEES DEANS AND ASSOCIATE DEANS (CLINICAL SCIENCES) REGISTRAR'S OFFICE Work on the Warner Expansion is expected to continue in the course of the new year. The government also agreed to issue no more than two charters for a medical school in the country. As for the valuation date used, the court in Denike v. Cupo, 394 N.J.Super. That opinion makes clear that Judge Contillo did not, as Yusuf maintains, consider the equitable remedy of a buyout in 2009 and reject it in favor of statutory dissociation. Support Most iptv box. All Saints University Medical School is committed to providing high quality education leading to a Doctor of Medicine (MD) Degree at very affordable fees. v. Artaki, LLC, 392 N.J.Super. Chilana testified that, as of the time of trial, he had not been reimbursed for his emergency cash infusion. 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. We also must accord substantial deference to the chancery judge's feel for the case, given the months of pretrial oversight he repeatedly devoted to the matter and his first-hand sense of the trial testimony. Indeed, by analogy, Solomon's consultations with Symeonides and defendants are comparable to a medical expert properly considering information from a patient about his or her own symptoms and condition..FN18. Chilana offered to contribute that needed equity if the court ousted Yusuf and Paulpillai from operating All Saints and ASUMA. (London), (Associate Professor)Dr. Delia Graham, MD (Dominica), (Assistant Professor), Dr. Rachael Andrew, MD (Havana), (Associate Professor)Dr. Wisam Al-Hafidh, MBChB, FRCS (UK), ProfessorDr. 1958) (declining to apply agreement's asset distribution method on termination where doing so would be inequitable because of partner's repeated breaches of fiduciary duties); cf. At any time, you can request to be removed from participating in the Find a Center Tool and any options you selected by calling SPRAVATO REMS at 1-855-382-6022 . Given the murky genesis of that stipulation, it is possible that the parties may have entered into it with a mistaken assumption that dissociation under the statute would compel the dissociated members to tender their shares to the remaining members, regardless of whether they wanted to do so. It has not injured the interests of ASUMA, or the Foundation, or the medical school, or the fellow shareholder/members in any way whatsoever. In exchange for contributing his services, Silberie received an ownership stake in MEERC, although the record does not indicate what percentage. See Kuhn, supra, 366 N.J.Super. The faculty and personnel at All Saints constantly provided me guidance and answered my questions promptly while also facilitating my clinical rotations to help develop me into a future physician. As further illustration of the venture's problems, Weiner testified about two students who had claimed that All Saints had wrongfully failed to issue their medical degrees, despite their completion of the required medical courses and accumulation of sufficient credits. It also contains a more detailed section regarding the effect of a person's dissociation as a member. Every semester has an examination fee of US $90 per pre-med semester and USD $150 per basic medical science semester. Either your Login credentials are incorrect or your account has not been activated, http://www.allsaintsuniversity.org/Financials/Tuition-Fees. Listed below are those cases in which this Featured Case is cited. To facilitate the application process, plaintiffs hired Silberie, whom they also had met at St. James, to establish a link with the Aruba government. As an alternative argument, Yusuf asserts that even if the factual record is deemed adequate to meet the criteria of dissociation under N.J.S.A. By consent order on June 10, 2008, the trial court vacated the temporary restraints and imposed new preliminary restraints delineating the rights and obligations of the parties to manage ASUMA and All Saints, pending trial. Ibid. N.J.S.A. Every student is a member of the central student government. Summit Sontakke MBBS, MD (Maharashtra), (Associate Professor) Dr. Enoch Adewara, MD (Dominica), (Instructor)Dr. Angelika Ivasenko, MD PhD (Lugansk), Adjunct ProfessorDr. I will never forget my first day in MD1 waiting for Histology class to start with Dr.Fakoya "I truly appreciate and value my time at All Saints University School of Medicine Dominica. Paulpillai and Yusuf threatened to advise Smith Barney that checks signed by Silberie were NOT authorized by the board of ASUMA, which they understood would have serious implications.. An authorization to that effect was signed by all the parties except Silberie. Start Dates: September, January or May. On May 5, 2007, Chilana filed a Certificate of Formation in New Jersey, organizing ASUMA LLC. FN6. There are two campuses in Roseau, Dominica and Saint Vincent and the Grenadines, along with administrative bases in Chicago, Illinois and Toronto, Ontario. The trial court shall enter an amended judgment within twenty days to reflect our ruling. Recent. Unlike New Jersey, Delaware does not provide for judicial dissociation of an LLC member. On November 10, 2004, the Aruba government granted MEERC's application for a charter to establish All Saints University of Medicine (All Saints). Each of these steps was undertaken by Chilana for the purpose of maintaining the functioning and viability of the LLC and the medical school, as well as protecting his substantial financial investment. 42:2B-24b does not compel the sale of the shares of a dissociated member." Founded by a group of dedicated medical and business professionals, all of whom had over 20 years of experience in medical education, All Saints University only had 28 new students in April 2006 when they first opened. Co-plaintiff Paulpillai has not participated in the appeal, nor has co-defendant Silberie. Symeonides had been retained by Weiner..FN7. 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. FN7. Our holding is limited to the facts of this rather unusual case. The Operating Agreement also contained a provision that the expenses of the administrative offices must be approved by the directors and taken care of by the University. The Operating Agreement similarly had a [b]udgeting provision, in which the parties had agreed that: [a]budget for the operation of the University must be prepared every semester by the USA administrative office and must be approved in writing by all the directors / shareholders before it can be implemented. Ch. Applicants must possess a high school/secondary school diploma or certificate All Saints University holds information seminars throughout the world. Home / All Saints University School of Medicine. Aruba v. Chilana, No. 42:2B39, rights of an assignee of a member's limited liability interest). 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. Hence, if the students' tuition payments were not so applied, additional equity from the members would be needed to cover the expenses. The context here, involving a financial valuation expert relying upon the input of a company accountant and the company's principals, is fundamentally different. FN10. On December 3, 2008, oral argument was held on Chilana's emergent application. Bernard Wishnia argued the cause for respondent. 42:2B24(b)(3)(c).11. In his testimony, Chilana explained that the Smith Barney account had limitations because it was an investment account, so ASUMA needed a deposit account. For example, we do not reach here the question of whether a passive investor in an LLC could be ousted solely because he or she declines to invest more funds into the entity when asked to do so, having done nothing to precipitate the company's financial or operational distress. The Board also had the express authority to grant others one or more of its powers, provided this is clearly described.. In the third and fourth year of the MD program, students become directly involved in the care and study of patients. Ibid. All Saints Univ. iptv m3u. Indemnity/Malpractice Insurance During Clinical Rotations But such competition did not occur here. at 430. Significantly, plaintiffs did not offer any expert testimony to substantiate Yusuf's position that All Saints would generate profit at approximately $580,000, a figure which contradicted Solomon's analysis. TermsPrivacyDisclaimerCookiesDo Not Sell My Information, Begin typing to search, use arrow keys to navigate, use enter to select, Stay up-to-date with FindLaw's newsletter for legal professionals. Given these significant differences in the applicable statutory tests, we elect to confine our analysis to the trial court's determination under subsection 3(c) the less stringent provision rather than subsection (a). Div. The Operating Agreement further provided that a second bank account would be established in the United States. There is no inflexible test for determining fair value in business valuation disputes, which frequently become battles between experts. Balsamides v. Protameen Chems., Inc., 160 N.J. 352, 368 (1999); see also Lawson Mardon Wheaton, Inc. v. Smith, 160 N.J. 383, 397 (1999) (observing that [t]here is no inflexible test for determining fair value). Study medicine in St Vincent, practice in USA, Canada. Yusuf testified that Chilana's position on the Board did not give him the same authority as the three founding members. Presently, core rotations take place in Illinois, Georgia and Jamaica. To the contrary, Yusuf may continue to hold his shares (and those assigned to him by Paulpillai) but as a dissociated member he is enjoined from participating in the management of the LLC. Here, the parties failed to include an alternative procedure in the Operating Agreement to govern the involuntary dissociation of the LLC's members. Press "Apply now" button. [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. 387, 394-95 (App. He received his B.S. The trial judge was free, in his discretion, to rely on Solomon's unrebutted expert opinion. 42:2B-44, with no right to participate in the management in the business and affairs of the LLC.". Laboratory Medicine [17] The rotations take place in the fields of Internal Medicine, General Surgery, Pediatrics, Psychiatry, Obstetrics/Gynecology, and Family Practice. In particular, Yusuf contends that the court should have rejected the opinion of Leslie M. Solomon, defendants' valuation expert. Among other things, Paulpillai and Yusuf objected to ASUMA's offices being located in a building owned by Chilana. In effect, this modified agreement resulted in Silberie being no longer needed to co-sign withdrawals from the CMB account, as the Operating Agreement had required. JOSHUA YUSUF, Plaintiff-Respondent/Cross-Appellant, 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. Although plaintiffs initially had sought dissociation of defendants from the LLC, Yusuf has not sought such a remedy on appeal..FN15. Chilana. We also note that the parties' respective briefs are inconsistent in their use of the Dr. title for the opposing litigants. at 56061. Graduation Fee 431, 440 (App.Div.) If fees are not paid on time, de-registration may occur. fully considered the common law breaches and decided not to deprive Yusuf of his shares' on that basis." at 430. Yusuf memorialized that conversation in an e-mail to Chilana. I have determined that no evidence in the trial record justifies disassociating the defendants. _____ Submitted December 5, 2011 Decided December 24, 2012 Read more at www.mcdlaw.us or www.newjerseybusinessdissolution . All Saints University School of Medicine was founded in April 2006. Symeonides had been retained by Weiner. ] (Emphasis added). Some checks that had already been issued on the accounts bounced. Referring to the 2010 judgment, the judge wrote that he believed he was "severing Dr. Yusuf's interest . Students are given the option to choose one of the following specialties. However, Musto was interpreting N.J.S.A. A-2425-13 (App. Privacy Policy, Congratulations! Although Solomon relied on income projections prepared by Symeonides, we reject Yusuf's assertion that Solomon could not rely on the same information that a willing buyer or seller would presumably rely on to make such assessments of value. FN4. To pursue that objective, Yusuf suspended his medical education. In particular, Solomon opined that the parties would need to provide additional equity contributions of $556,000, or the school would fail. Alumni Mentorship Program Meeting Sessions this week! The RULLCA will not take effect until 180 days beyond that enactment date, which is March 18, 2013. ] However, no evidence was presented about the number of students who were in such limbo, whether they intended to return, or if they did, when they would return. There will be no exceptions to this requirement. Yusuf testified that he was not given the password to access the new Google account, and thus he could not monitor it. The judge amplified his analysis of these particular issues later in his opinion, explaining why he had not dissociated defendants from the business instead of plaintiffs:15. Indeed, by analogy, Solomon's consultations with Symeonides and defendants are comparable to a medical expert properly considering information from a patient about his or her own symptoms and condition. The extensive trial record contains the following pertinent facts and circumstances. Although plaintiffs initially had sought dissociation of defendants from the LLC, Yusuf has not sought such a remedy on appeal. That agreement was contingent on Chilana successfully dissociating plaintiffs from ASUMA.8, The trial took place over six intermittent days in September 2009. There are a large number of foreign students: studying at All Saints, you can not only gain relevant knowledge, but also make friends around the world. Program de Masterat - Bancas - masterat profesional de specializare. In that agreement, the government agreed to issue residency permits to the students and faculty at All Saints. Id. 42:132(a)(d). 42:2B24(b)(3) for judicial dissociation of plaintiffs from the LLC. We have sent on your application and wish you the best of luck with your potential acceptance :). Plaintiffs' counsel elicited testimony from Glueck on cross-examination regarding the income projections prepared by Symeonides. 42:1A40(b) (noting that after a partner is expelled, the surviving partners may waive dissolution and resume carrying on the partnership as if the dissolution had not occurred). He argues that it was inequitable for the court to deny plaintiffs relief for these alleged breaches of fiduciary duty. Because of that silence, the LLCA applied to the parties by default. Dr. Guzin Dincel, MD (Istanbul), Registrar (Academic)Mr. Ibikunle David Abiodun, M.Sc. denied, 109 N.J. 520 (1987). 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. The issues litigated in this case require our application of the LLCA, the operative statute that was in force at the time of the parties' actions and the trial court's rulings, and which remains in force as of the time of this appeal.9 Section 2B24 of the LLCA provides that [a] member shall be dissociated from a limited liability company upon the occurrence of any of the following events, as enumerated in subsections (a) and (b) of the provision and the various subparts of those subsections. 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. Joshua Yusuf is the Director and President of the academy and ensures the school is committed to providing high quality education leading to a Doctor of Medicine Degree (MD). The common opinion here is probably to not go, but I'm still curious about them. Hence, the Operating Agreement's provision stating that the LLC members cannot be compelled to give up or sell their shares for any reason does not suffice to function as an election against the application of the involuntary dissociation provisions under the LLCA. ", Notwithstanding the parties' stipulated value date of July 31, 2008, the court acceded to Yusuf's request that his interest be valued as of the date of his dissociation, January 6, 2010, which Chilana did not oppose. FN16. [9] Citizens of Dominica automatically receive 50% scholarships. . Chilana also gave Paulpillai, Silberie, and Yusuf a password to view the Smith Barney account online. Had there been no stipulation, we would have remanded for the court to consider the question of remedy anew. All operational expenses must be approved by at least three of the shareholders / directors. The University has branded under a new name to reflect its new management and ownership! Because we affirm Judge Contillo's finding that the value of ASUMA upon entry of the judgment in January 2010 was zero, a finding Yusuf has not contested, it is of no practical moment whether Yusuf is determined to own twenty-six and one-half percent or fifty-three percent of ASUMA on the valuation date. On cross-examination, Solomon acknowledged that his income projections did not include all of the students from All Saints who may have been in limbo, that is, those who hadn't come back yet for their clinical rotation[. We recognize that Yusuf is not likely to want to sell his shares, since the court adopted the opinion of defendant's expert that the shares had zero value on the stipulated date of valuation. ] (Emphasis added). For example, Yusuf challenges the court's findings that plaintiffs wrongfully failed to produce financial documents and student records, complaining that the judge did not identify the items that they failed to supply. But no steps have been taken to make that possibility a reality. All Saints University Faculty take pleasure in providing quality education to their students along with one-on-one attention to students. 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. (London), (Adjunct Professor), Dr. Sergii Vernigorodskiy MD (Pirogov), PhD (Kiev), (Professor and Chair)Dr. Stanley White, PhD (Manchester), (Professor)Dr. Esther Akingbade, PhD (Ibadan), (Professor) Dr. Solomon Karredula, MBBS (Nagarjuna), MD (Andhra), Associate ProfessorDr. [13], The 4 Year MD Program is for applicants who have completed a Bachelor of Science or the necessary prerequisites at an accredited school. A member's dissociation from an LLC pursuant to the statute does not cause that member to sell or give up economic rights involuntarily in the LLC. We do not decide here whether such an application by Yusuf to withdraw from the stipulation would be justified, as there may need to be a record developed that bears upon the equities involved. Returning students are required to pay tuition fees one month prior to the beginning of the semester or else a $250 late payment fee will be charged. The June 2007 directors' meeting ended with persisting conflict between Silberie, on the one hand, and Yusuf and Paulpillai, on the other. 42:2B24(b)(3) remained a remedy available to Chilana. The University reserves the right to change any of its policies or regulations at any time. FN9. [8], Medical programs are open to national and international students. (Maharashtra), Associate Registrar (Records and Systems)Ms. Chantal Da Cruz, BA (Toronto), Assistant RegistrarMs. [6][7] Dr. Terrence Marcelle is currently the Executive Dean of the university. The charter could, in theory, be used to start a new medical school in Aruba, in contravention of the All Saints Aruba charter, which limits the number of medical schools on the island to two. 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. PMCID: PMC5949153. The Recruitment of Chilana and the Formation of the LLC. (noting that the LLCA applies to an LLC unless the members agree otherwise in an operating agreement), certif. We invite you to join us to discover an All Saints Education and realize your dreams of becoming a great physician. at 46(e)(1)-(3). As Solomon explained: [DEFENDANT'S ATTORNEY]: And your reason for determining that as of July 31, '08, the value was zero? ALL SAINTS UNIVERSITY OF MEDICINE v. YUSUF. As to subsection 3(c), the court was persuaded that plaintiffs had engaged in conduct which makes it not reasonably practicable to carry on the business of the LLC with them as members.. Our conviction in that regard has been affirmed by the Chancery judge's express findings that "[i]t would be grossly inequitable to permit Dr. Yusuf to reap the benefits of a continuing economic interest in an entity he was content to see destroyed," and that "[a] contrary holding would grant an undeserved windfall to Dr. Yusuf, and reward him for his efforts to bring about the medical school's undoing, at the expense of the party who gave the medical school a chance of viability." Was free, in his discretion, to rely on Solomon 's unrebutted opinion! University reserves the right to change any of its policies or regulations at any time contingent Chilana., M.Sc received an ownership stake in MEERC, although the record does not indicate what percentage severing Yusuf... Was contingent on Chilana successfully dissociating plaintiffs from ASUMA.8, the court should all saints university school of medicine joshua yusuf rejected the opinion of Leslie Solomon... 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