Choose the All Saints University SVG Experience. For the reasons that follow, we affirm the trial court's final judgment ordering plaintiffs' dissociation from the LLC. Graduation Fee FN4. admissions@allsaintsuniversity.org Phone Number: 1-866-602-9555 School Details School Name: All Saints University School of Medicine School Email: admissions@allsaintsuniversity.org Address: 5145 Steeles Ave West Toronto, Ontario M9L 1R5 Canada Website: https://www.allsaintsuniversity.org Alternate School Names: at 440; Union Cnty. 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). In July 2007, Yusuf learned that Chilana and Silberie were co-signing the Smith Barney checks. 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). at 46(e)(1)-(3). On the same date the parties executed the Operating Agreement, they also signed paperwork opening an account for ASUMA at Smith Barney (the Smith Barney account). Welcome Back! ] That e-mail apparently was copied to some of the teachers at All Saints. FN10. FN16. Chilana agreed to purchase 250 shares of All Saints, representing a twenty-five percent stake, for $500,000. We agree. Meanwhile, Chilana infused at least $250,000 in funds to All Saints since obtaining the other charter. 1988). More important, however, the judge noted that even if the Agreement could be read to preclude a forced sale among members, "such a provision would not disable a court of equity from expelling a member of an LLC after seeing that he is fairly paid for his interest. Glueck, meanwhile, testified that the financial condition of All Saints was tenuous, and that its operations were extremely difficult.. He erred only in assuming that either the parties had stipulated to a buyout, or that N.J.S.A. The University has branded under a new name to reflect its new management and ownership! However, the court noted in its opinion that the parties had stipulated to July 31, 2008, as the applicable valuation date. I genuinely hope that those coming after me can see the possibilities available here and be of good cheer. Ibid. Student Insurance As for the valuation date used, the court in Denike v. Cupo, 394 N.J.Super. This order provided that Chilana shall loan $350,000 to ASUMA to be used by the COO to pay the obligations of ASUMA and All Saints. Call us now to speak to our Admissions Department. 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. The 4-year MD Program, 5-year MD program and lastly the B.S.C Medical Sciences program. Pursuant to section 2B-24b of the New Jersey Limited Liability Company Act, N.J.S.A. However, proof of either standard suffices because the statute uses the disjunctive term or in listing the alternative grounds for dissociation. 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. Laboratory Medicine We also do not lose sight of the fact that plaintiffs themselves have an eighty percent interest in another medical school in Dominica..FN16. . However, Musto was interpreting N.J.S.A. ), certif. 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. Paragraph 3 of the Operating Agreement provided that the shareholders of [All Saints] are also shareholders of ASUMA LLC[. Live Statistics. [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. The two men resolved, with their collective experience, to establish another medical school in the Caribbean. Alumni Mentorship Program Meeting Sessions this week! The University encourages its students to actively engage themselves in the community and to respond to the needs of those they serve. 42:2B24(b) is read to afford judges the discretion to withhold dissociation as a remedy even where the necessary criteria are met, the trial judge here did not abuse such presumed discretion. As Solomon explained: [DEFENDANT'S ATTORNEY]: And your reason for determining that as of July 31, '08, the value was zero? An academic year at All Saints consists of 3 semesters. 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." 141, 152 (App.Div.2007) (absent an LLC operating agreement, the LLCA controls). The new Revised Uniform Limited Liability Company Act (RULLCA), which is based upon the uniform law developed by the National Conference of Commissioners on Uniform State Laws, was enacted on September 19, 2012. Yusuf, but not Paulpillai, appealed. The University strives to produce broadly and thoroughly educated graduates who realize that the medical profession is not simply a trade to be learned but that it denotes a sense of social responsibility. As the trial court reasonably found, Yusuf and Paulpillai perpetuated a deadlock with Chilana and Silberie by not contributing such capital to pay All Saints's expenses, such as salaries, despite severe consequences if such expenses were not paid. All Saints University School of Medicine 700 N Sacramento Blvd #311 Chicago, IL 60612 (312) 583-1034 . Courts are not obligated to impose a remedy when no damage has resulted from a party's allegedly wrongful acts. 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. 548, 560 (App.Div.1995), certif. (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. So much has been said about the involvement of the Church in socioeconomic and political development globally, in Africa, and in South Africa in particular. Chilana also thought that the Operating Agreement's provision, which appeared to prohibit him from co-signing the Smith Barney checks with Silberie, did not make sense[.]. 42:2B24(b)(3) remained a remedy available to Chilana. Aruba v. Chilana, No. 328, 342 (App.Div.1999). L. 2012, c. 50, 91, 95, and 96. By comparison, we review the trial court's determinations on legal issues de novo. Chilana. We also note that the parties' respective briefs are inconsistent in their use of the Dr. title for the opposing litigants. Apply today! Lastly, Yusuf argues that the court erred in accepting the defense expert's opinion that plaintiffs' shares in the LLC had no value. Symeonides had been retained by Weiner..FN7. Id. At trial, the parties disputed whether the agreement was an LLC operating agreement under N.J.S.A. Kuhn, supra, 366 N.J. at 440. Although the Operating Agreement bars shareholder(s) from buy[ing] out other shareholder(s), that provision is contained in the paragraph allocating shares to the parties in All Saints, but not in ASUMA. Joshua Yusuf: Dean . 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. Dr. Guzin Dincel, MD (Istanbul), Registrar (Academic)Mr. Ibikunle David Abiodun, M.Sc. 42:2B-24.1 and N.J.S.A. This amount will be refunded upon completion of the course if no damages to slides and microscopes are incurred. I was presented with many opportunities that brought promising results. Meanwhile, Chilana infused at least $250,000 in funds to All Saints since obtaining the other charter. The value was determined as of June 31, 2008, because the parties had stipulated to that date. For the Academic Programs Read More Yusuf further contends that the court erred, as a matter of law, in declining to impose a remedy for such alleged breaches because they did not cause harm to the business. Before Judges Sabatino, Accurso and O'Connor. Registration takes less than 2 minutes. of Med. For purposes of Solomon's valuation, he treated All Saints and ASUMA as a single entity because, evidently, his understanding was that All Saints was ASUMA's business. Valleywise Behavioral Health Center - Maryvale. In this respect, the Delaware statute reads: On application by or for a member or manager the Court of Chancery may decree dissolution of a limited liability company whenever it is not reasonably practicable to carry on the business in conformity with a limited liability company agreement. Rather, the member suffers through dissociation the loss of his or her management rights, but is entitled to retain an interest in the LLC as an assignee, preserving the right under N.J.S.A. Sebring, supra, 247 N.J.Super. See Kuhn, supra, 366 N.J.Super. Twenty medical students of the All Saints University School of Medicine in Dominica are on their way to commencing clinical classes. Sebring, supra, 847 N.J.Super. 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. 6, 18802 (2011). 42:2B24(b) does not use the term dissociation. That provision simply states in relevant part: Shareholder(s) cannot or shall not at anytime [sic] be compelled to give up or sell their shares for any reason. N.J.S.A. All Saints University makes the necessary arrangements for our students to do clinical clerkships at approved ACGME-accredited/teaching hospitals in the United States and Canada. (Ibadan), Registrar (Admin.) of Med. 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. I appreciate you all for your work. The Legislature very recently passed comprehensive new legislation concerning New Jersey's LLCs, L. 2012, c. 50. Gurmit Singh Chilana proved plaintiffs Joshua Yusuf and Richmond Paulpillai had breached their fiduciary duties and duty of loyalty to ASUMA, a New Jersey limited liability company they formed in 2007 to manage the medical school formerly known as All Saints University of . (Kingston, London), John Michael, CGA CPA, Financial Controller, Hari Lamichhane, CA, CMA, B.Com (Dehradun), Accountant, Mary Ann Cuyo, BSCAA, Business Accounting (Baguio), Accounts Officer, Davina Jones, B.Sc. Although plaintiffs initially had sought dissociation of defendants from the LLC, Yusuf has not sought such a remedy on appeal. The allegation with respect to Chilana's role in obtaining a third charter is the most serious allegation, but it provides no basis for relief to plaintiffs. Silberie has not appeared in this action, but Chilana has, and he has demonstrated that he has acted since his initial investment, his subsequent reinvestment, and up to the present, with fidelity to the LLC, the Foundation and to his fellow members, acting to preserve the medical school and help to be sustainable into the future. 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. at 47. Ibid. Our alumni are located across the globe, practicing as doctors, or in the fields of healthcare, research and academics. All rights reserved. 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. View Residency . Madamsr The RULLCA will not take effect until 180 days beyond that enactment date, which is March 18, 2013. 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. Languages. Credit Union, 199 N.J. 381, 397 (2009). 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. A-2425-13 (App. There's just so much to see and enjoy at ASC - I invite you to visit and experience it for yourself. 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. 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. [13][16] During this period, students must complete a minimum of 72 weeks in clinical rotations. Student Government Fee The judge concluded that plaintiffs' conduct satisfied the separate criteria of both N.J.S.A. The parties attempted that day to reach agreement on a method to save All Saints, pending trial. In early 2007, All Saints was unable to satisfy outstanding payroll taxes, so the founders began searching for a new investor. Instead, he "effectively relied on [what he characterizes as] the holding of the 2012 Opinion that the determination of whether or not to tender his shares remained the choice of Dr. He concluded that the LLC had no positive value as of July 31, 2008, the stipulated date of valuation. [14][15] The program consists of 2 years in basic sciences that are conducted at the Dominica campus. In light of that clarification, it was unnecessary for the court to have determined a value for plaintiffs' shares, although we discern no error in the expert-based valuation that the trial judge adopted. L. 2012, c. 50, 91, 95, and 96. All Saints Univ. Plaintiffs also did not address on cross-examination of Solomon, nor did they present an expert to rebut, Solomon's conclusion that $556,000 in additional equity would be required to sustain All Saints before it could realize a profit. Yusuf explained that he did not want Chilana and Silberie co-signing checks together because he feared they would not tell Paulpillai and him the reasons for withdrawing funds. The enforceability of this agreement is unclear. We sustain the trial judge's analysis of these points. The common opinion here is probably to not go, but I'm still curious about them. Alternatively, they instructed the bank to honor only the checks signed by these four combinations of ASUMA members: (1) Chilana and Yusuf; (2) Chilana and Paulpillai; (3) Silberie and Paulpillai; and (4) Silberie and Yusuf. The enforceability of this agreement is unclear. Fees are due two months prior to commencement of the semester. 703 (authorizing expert witnesses to rely on facts and data reasonably relied upon by others in the expert's field, even if such facts and data are not admitted as evidence).18. Although Yusuf and Chilana have professional degrees, we refrain, solely for stylistic reasons and without any disrespect, from referring to them as Dr. (Maharashtra), Associate Registrar (Records and Systems)Ms. Chantal Da Cruz, BA (Toronto), Assistant RegistrarMs. 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. v. Artaki, LLC, 392 N.J.Super. We accord considerable deference to the discretion of the judges who make such equitable rulings. I want to thank the teachers at All Saints University, who helped in getting me to where Im at. All Saints University Dominica - the most affordable, accredited medical school. Aruba v. Chilana, No. See also Bartfield v. RMTS Assocs., LLC, 783 N.Y.S.2d 560, 561 (App.Div.2004) (dismissing claims of breach of fiduciary duty brought against members of a New York LLC, who had taken steps to create a competitor company, because there was no proof that they had actually made improper use of the LLC's time or facilities, disseminated confidential information, or usurped the LLC's business opportunities, in favor of the new entity). Students are given the option to choose one of the following specialties. There are two campuses in Roseau, Dominica and Saint Vincent and the Grenadines, along with administrative bases in Chicago, Illinois and Toronto, Ontario. It has not diminished the value or interests of All Saints in any way, and it has not injured the interests of ASUMA, or the Foundation, or the medical school, or the fellow shareholders/members. 42:2B44. 42:2B24(b)(3)(c), such dissociation is not a mandatory remedy. Meanwhile, Paulpillai, as Chief Administrative Officer, created the admissions criteria and recruited students. ALL SAINTS UNIVERSITY OF MEDICINE v. YUSUF. 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. denied, 109 N.J. 520 (1987). Valuation is an art, not a science. Because this matter has such a protracted and complicated history, and we write only for the parties, we eschew a complete retelling of the facts and procedure and relate only so much as is necessary to make comprehensible what has brought us to this point. (emphasis added). 42:2B24(b)(3)(a) and (c). Thus, the analogy urged by Yusuf is inapt. First, we note that N.J.S.A. 2628-09, supra, slip op. 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. Yusuf further argues that the trial court erroneously blamed plaintiffs for allowing immigration problems at All Saints to fester, even though the March 2007 incident with armed Aruba immigration authorities preceded the LLC's formation by more than a year and student enrollment continued thereafter. It also contains a more detailed section regarding the effect of a person's dissociation as a member. FN17. Id. ] N.J.S.A. Silberie perceived that the students were being improperly siphoned to Dominica. These textual differences, on the whole, make it easier to justify dissociation under subsection 3(c) than 3(a). But such competition did not occur here. 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. denied, 143 N.J. 328 (1996). ASU College of Medicine has provided an extremely supportive environment for me during the years of my medical education, as well as throughout the complex process of applying for residency in the U.S. In his testimony, Chilana explained that the Smith Barney account had limitations because it was an investment account, so ASUMA needed a deposit account. We also, however, determined to clarify an issue Yusuf had not specifically raised. Copyright 2023 All Saints University, St. Vincent and the Grenadines, MD 4 Year Degree Program Curriculum Details, Bachelors in Public Health Program Application Tips, Rolling Admissions. We thus remanded the case to Judge Contillo a second time to consider the remedy for Yusuf's breaches of his fiduciary duties and duty of loyalty to ASUMA, and, if necessary, Yusuf's claim that he owned fifty-three percent of ASUMA following his asserted acquisition of Paulpillai's interest after entry of the judgment in 2010. 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. By signing up you are agreeing to our [3] The Roseau campus opened in 2006. 42:2B39, rights of an assignee of a member's limited liability interest). Id. The context here, involving a financial valuation expert relying upon the input of a company accountant and the company's principals, is fundamentally different. at 3, 39-48). 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. Finally, Silberie owned 220 shares, a twenty-two percent interest. Press "Apply now" button. He also challenges the court's conclusion that defendant's actions caused no harm to the LLC or to All Saints. 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 June 2007 directors' meeting ended with persisting conflict between Silberie, on the one hand, and Yusuf and Paulpillai, on the other. Judge Contillo concluded: Regarding the issue of "Aruban law," Judge Contillo found it "irrelevant to the remedy to be provided to Dr. Chilana in this case." FN3. Therefore, as of July 31, 2008, Solomon concluded that ASUMA and All Saints had zero net equity.17. . Every semester has an examination fee of US $90 per pre-med semester and USD $150 per basic medical science semester. All Saints University was founded by a group of dedicated medical and business professionals, all of whom had over 20 years of experience in medical education. [1] There is also an office in Chicago, Illinois. The new Revised Uniform Limited Liability Company Act (RULLCA), which is based upon the uniform law developed by the National Conference of Commissioners on Uniform State Laws, was enacted on September 19, 2012. FN13. He does not, however, identify any flaws in Judge Contillo's remand order, with the exception of the judge's finding regarding the non-alienability of Paulpillai's shares post-judgment. A $250 penalty will be applied upon reinstatement. LEXIS 7 (Del. Yusuf memorialized that conversation in an e-mail to Chilana. Chilana, meanwhile, straddled a middle position at that time, siding with neither camp. PMCID: PMC5949153. Id. However, such a potential solution was not an alternative here, because the Operating Agreement forbids such a forced sale. He contends that Solomon's testimony represented improper net opinion, based on inaccurate facts and hearsay supplied by Symeonides, the accountant. However, that perception was apparently inaccurate. Please try again. Chilana again urged the others to adopt this solution by an e-mail sent the following day. 42:2B24.1 (noting that the dissociated member has, subject to N.J.S.A. At some point in July or August 2007, Chilana opened a deposit account (the Citibank account) for the LLC, which Chilana believed was with Yusuf's consent. The government requires that students obtain proper health insurance before they arrive on the island. In 2004, plaintiffs formed a Canadian corporation, named the Medical Education Examination Resource Center, Inc. (MEERC), for the purpose of starting a medical school in the Caribbean. Dr. Joshua Jeffs is the manager for instructional laboratory instrumentation in the School of Molecular Sciences at Arizona State University (ASU). Getting your medical school on UMCAS leads to more student interest, increased exposure, added credibility and a whole lot more. 12, 31 (App.Div.1961) (same), certif. 42:2B2. There would have been no other option." The government also agreed to issue no more than two charters for a medical school in the country. Caution Fees Chilana intended to inject the capital necessary to sustain the school only if plaintiffs were dissociated. To facilitate the application process, plaintiffs hired Silberie, whom they also had met at St. James, to establish a link with the Aruba government. [W]e do not disturb the factual findings and legal conclusions of the trial judge unless we are convinced that they are so manifestly unsupported by or inconsistent with the competent, relevant and reasonably credible evidence as to offend the interests of justice[. Joshua Yusuf - All Saints University Dominica Author: Joshua Yusuf This author has written 17 articles > Joshua Yusuf Testimonials Dr. Chiamaka Eneh I want to thank the teachers at All Saints University, who helped in getting me to where I'm at. The remaining $250,000 was to be distributed to Yusuf, Paulpillai, and Silberie as goodwill.. This is followed by 2 years of clinical clerkship in ACGME-approved teaching hospitals throughout the United States, Canada, United Kingdom, and the Caribbean. All Saints University School of Medicine a relatively new school of medicine opened in January of 2006; the All Saints University of medicine offers a medical degree to American, European and Dominica residents (who are automatically eligible for a 50% tuition fee scholarship). [18], All Saints University School of Medicine was accredited in 2019 by the ACCM (Accreditation Commission of Colleges of Medicine). Chilana appealed, arguing the Chancery judge too narrowly construed the remand order to preclude consideration of an equitable remedy for Yusuf's breaches of his common law fiduciary duties and duty of loyalty. Yusuf also argued that we "`remanded with the specific finding that the Operating Agreement signed by all parties forbids a forced sale,'" and that determination had become the law of the case and could not be revisited. All students are required to obtain malpractice insurance prior to commencement of their clinical rotations. You must be logged in to purchase credits. A-2425-13 (App. 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. , 394 N.J.Super to sustain the school of Medicine 700 N Sacramento Blvd # Chicago... Are given the option to choose one of the All Saints noting that the dissociated member,! 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