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). Apply today! (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. For the reasons that follow, we affirm the trial court's final judgment ordering plaintiffs' dissociation from the LLC. [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[. 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 reconsider our 2015 opinion. 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month following the enactment), the current LLC law (L. 1993, c. 210, and its 1997 and 2003 amendments) will be repealed, and the RULLCA will then be effective as to all LLCs. View Residency . Given this delayed effective date, the change in the statutory scheme has no effect on the issues in the present appeal. [8], Medical programs are open to national and international students. FN18. at 430. 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. 42:2B24 uses the key term shall, in providing that [a] member shall be dissociated from [an LLC] upon the occurrence of any of the following [specified] events[. 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. Lastly, Yusuf argues that the court erred in accepting the defense expert's opinion that plaintiffs' shares in the LLC had no value. Chilana was the only authorized signatory on the Citibank account. Terms & Conditions. 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. Yusuf and Dr. How to apply to the university. In July 2007, Yusuf learned that Chilana and Silberie were co-signing the Smith Barney checks. 42:2B2. Div. Pursuant to the Articles, the decisions of the Board of All Saints required unanimous action by all three founders. An authorization to that effect was signed by all the parties except Silberie. All Saints University School of Medicine (ASUSM) is a private medical school located in the Caribbean. fully considered the common law breaches and decided not to deprive Yusuf of his shares' on that basis." One of the authorities we relied upon in Sebring was Cobin v. Rice, 823 F.Supp. Yusuf now singularly2 appeals the trial court's findings, arguing that his conduct and that of Paulpillai violated neither of the two statutory provisions alternatively relied upon by the trial judge. Medical school can be demanding but our highly qualified faculty and staff care about your individual success. Co-plaintiff Paulpillai has not participated in the appeal, nor has co-defendant Silberie. See Pheasant Bridge Corp. v. Twp. Paulpillai did not appeal the judgment, and defendants have not cross-appealed on any issues. The tuition payments transferred electronically into the Citibank account through Google's payment service. Before Judges Sabatino, Accurso and O'Connor. By signing up you are agreeing to our Terms of Service. On the same date, the principals of All Saints entered into an agreement with the government. Relying on the valuation testimony presented at trial that the value of the entity was zero in September 2009 and ASUMA's tax returns for 2008 and 2009 showing losses of $50,000 and $209,070 respectively, Judge Contillo determined ASUMA still was without value as of January 6, 2010. The Formation of the Medical School in Aruba. 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. Hence, the court valued plaintiffs' interest in the LLC at zero, consistent with the only expert testimony that it heard on the subject. Given this delayed effective date, the change in the statutory scheme has no effect on the issues in the present appeal. Interested in having your medical school participate in UMCAS? As N.J.S.A. of Med. To avert disaster, Chilana eventually assumed plaintiffs' obligations by infusing his own additional personal funds into the business. The 4-year MD Program, 5-year MD program and lastly the B.S.C Medical Sciences program. of Med. degree program. Consistently ranked among the top primary care medical schools, our small class sizes enhance the individual learning experience. _, _ (App.Div.2012) (slip op. Program de Masterat - Bancas - masterat profesional de specializare. Yusuf holds a doctorate degree in science. GURMIT SINGH CHILANA, Defendant-Appellant/Cross-Respondent, and However, Musto was interpreting N.J.S.A. (Wisconsin), PhD (Ibadan) (Professor) Dr. Joshua Owolabi, B.Sc. 100. FN19. Meanwhile, Paulpillai, as Chief Administrative Officer, created the admissions criteria and recruited students. See, e.g., Sears Mortg. FN8. The value was determined as of June 31, 2008, because the parties had stipulated to that date. The Recruitment of Chilana and the Formation of the LLC. According to defendants' proofs, All Saints was so undercapitalized that to pay operating expenses, plaintiffs had been withdrawing funds from the students' pre-paid tuition payments, which the trial court found to be an unsustainable approach. We disagree. In addition, Yusuf argues that the trial court should not have excused defendants for signing checks in violation of the Operating Agreement and for obtaining a charter for a third medical school in Aruba. The court appointed Richard H. Weiner, an attorney, as Special Fiscal Agent for the LLC. Pomerantz Paper Co. v. New Cmty. LEXIS 7 (Del. Chilana intended to inject the capital necessary to sustain the school only if plaintiffs were dissociated. ), rev'd on other grounds, 196 N.J. 502 (2008). 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). Even so, a decision to tender his shares remains up to Yusuf. All students are required to obtain malpractice insurance prior to commencement of their clinical rotations. [17] The rotations take place in the fields of Internal Medicine, General Surgery, Pediatrics, Psychiatry, Obstetrics/Gynecology, and Family Practice. But such competition did not occur here. Yusuf and Dr. However, as we have already noted, the LLCA does not mandate a forced sale of shares in the event of dissociation. Student Government Fee However, on appeal, the parties do not challenge the trial court's finding that the agreement qualified as such under that statute..FN3. 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. at 42832; see N.J.S.A. In addition, Chilana, who had already provided emergency funds to save the school, understandably would not inject more capital if plaintiffs were allowed to manage the venture going forward. The judge reasonably declined to continue the status quo, given the precarious financial condition of All Saints, the fractured relationship of the LLC's members, Yusuf's denial of the school's financial problems, and his unwillingness to infuse more funds into the business. 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. 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. 42:132(1)(d) provided that the judicial dissolution of a partnership is justified when a partner so conducts himself in matters relating to the partnership business that it is not reasonably practicable to carry on the business partnership with him[. 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. 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. 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. FindLaw.com Free, trusted legal information for consumers and legal professionals, SuperLawyers.com Directory of U.S. attorneys with the exclusive Super Lawyers rating, Abogado.com The #1 Spanish-language legal website for consumers, LawInfo.com Nationwide attorney directory and legal consumer resources. On March 13, 2009, the trial court entered an order sanctioning plaintiffs for failure to comply with a prior order as to certain discovery issues. 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. If Solomon's opinion was deficient in some respects, such as in failing to use a different approach to calculating value, or in not considering intangibles like All Saints's reputation, plaintiffs could have provided their own valuation expert, which they elected not to do. Moreover, the judge explained in detail his rationale for denying relief to plaintiffs. of W. Windsor v. Nierenberg, 150 N.J. 111, 13233 (1997); Caldwell v. Haynes, 136 N.J. 422, 432 (1994). We held "that, despite what the parties and the trial judge may have otherwise assumed, N.J.S.A. 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. All Saints Univeristy St. Vincent students rotate in ACGME approved teaching hospitals throughout the United States. All Saints will assist students with information concerning insurance companies which provide this service. Home / All Saints University School of Medicine. at 12). All Saints University Hillsborough St Roseau, Dominica (767) 4405220 http://allsaintsuniversity.org/. Recent. Plaintiffs' refusal to infuse vitally-needed funds, to address an emergency that they themselves sparked in their contacts with the banks, reasonably satisfies the not reasonably practicable standard for dissociation set forth in N.J.S.A. I consider myself privileged to have had the opportunity to work with them. 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. In spite of the government's earlier commitment that no more than two such charters would be issued, it granted defendants' request and issued them the third charter in October 2008. The Dean of All Saints, Lakhinder Kanwar, referred Yusuf to Chilana, an obstetrician and gynecologist licensed in New Jersey and practicing in Paterson. Every student is a member of the central student government. Melissa Alexander, (China), Administrative Assistant, Dr. Suraj Parajuli, MBBS, MD (Kathmandu), (Associate Professor and Chair)Dr. Wisam Al-Hafidh, MBChB, FRCS (UK), 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. 458, 467 (App.Div.2001) (noting, by analogy, that proof of the proximate causation of damages is an element of a malpractice cause of action alleging breach of fiduciary duty by an attorney). The Legislature very recently passed comprehensive new legislation concerning New Jersey's LLCs, L. 2012, c. 50. island of St. Vincent. 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. 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. They used MEERC to obtain a charter for such a school from the government of Aruba. We accord considerable deference to the discretion of the judges who make such equitable rulings. Terms & Conditions A-2425-13 (App. In this regard, Sebring Associates v. Coyle, 347 N.J.Super. PAULPILLAI, Plaintiffs, and See, e.g., Paternoster v. Shuster, 296 N.J.Super. Listed below are those cases in which this Featured Case is cited. 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. Citations are also linked in the body of the Featured Case. Admission tracks available for high school graduates and undergraduate transfer students. Referring to the 2010 judgment, the judge wrote that he believed he was "severing Dr. Yusuf's interest . iptv m3u. Search for "site/en/topic/terrorism-lists" - madamasr.com . See Kuhn v. Tumminelli, 366 N.J.Super. ] As a result, the parties had the same percentage interests in ASUMA as they did in All Saints. 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. Yusuf initially served as the school's Chief Academic Officer. 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. 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. We recognize that the parties hotly dispute the wrongfulness of plaintiffs' actions as to the bank accounts. FN16. Our holding is limited to the facts of this rather unusual case. To determine value Solomon relied on data and income projections supplied by Symeonides, as well as student enrollment trends. 42:2B2. All Saints University seeks applicants with demonstrated strong drive and desire to succeed and who are able to focus on the compassionate and the humanitarian aspects of the medical profession. 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. Such assignees are entitled to receive distributions and allocation of income, gain, loss, deduction, or credit[. Please try again. In that capacity, he hired the faculty and designed a four-year curriculum for the M.D. Div. 2628-09, supra, slip op. Weiner, in turn, appointed Theodore Glueck, an executive, as the interim chief operating officer of All Saints and the LLC. Co-plaintiff Paulpillai has not participated in the appeal, nor has co-defendant Silberie..FN2. I want to thank the teachers at All Saints University, who helped in getting me to where Im at. Sebring involved the dissolution of a partnership and dissociation of one of its partners under another statute, N.J.S.A. By comparison, subsection 3(c) has a prospective orientation, examining whether, looking forward, the member's conduct makes it not reasonably practicable to carry on the business with that member. Man Choi Chiu v. Chiu, 896 N.Y.S.2d 131, 132 (App.Div.2010) (in a situation where the operating agreement did not include a provision for expelling members from the LLC formed under New York law, the court dismissed the dissociation petition since the New York LLC statute, unlike New Jersey's LLCA, does not provide for judicial dissociation). Here, that presumptive date would have been the date of the final order of January 6, 2010. Yusuf and Dr. The 4-year MD Program, 5-year MD program and lastly the B.S.C Medical Sciences program. Our focus here is upon N.J.S.A. If fees are not paid on time, de-registration may occur. at 430. FN5. The defendants Chilana and Silberie have not been shown to have engaged in any material misconduct which has adversely and materially affected the business of the LLC. 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. ] 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. FN10. At a directors' meeting held at ASUMA's office in New Jersey on June 27, 2007, which lasted ten hours, the parties' relationship began to deteriorate. 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. All Saints University School of Medicine is chartered and recognized by the Government of the Commonwealth of Dominica. As for the second student, she obtained a default judgment in Canada against All Saints, after serving her complaint on plaintiffs. TheLa Soufrierevolcano has been dormant since , Hello Students! The enforceability of this agreement is unclear. ] N.J.S.A. Following the trial, the court issued a written decision on December 23, 2009. 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. 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 decision to sell shares must be voluntary. The extensive trial record contains the following pertinent facts and circumstances. 2023 Copyright UMCAS. The enforceability of this agreement is unclear. denied, 36 N.J. 300 (1962). ] In re Trust Created By Agreement Dated December 20, 1961, 194 N.J. 276, 284 (2008) (quoting Rova Farms Resort, Inc. v. Investors Ins. 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[.]. Each medical school is completely autonomous in reaching its own admission decisions. The 4-Year MD program can be completed in 3 years and 4 months. Although the record is murky on the point, it does not appear that the parties stipulated to a voluntary sale of shares in the event of judicial dissociation. Thus, the analogy urged by Yusuf is inapt. Id. 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. 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. At All Saints University College of Medicine, Saint Vincent and the Grenadines, we strive to foster an environment where our students feel supported academically, socially and emotionally. The order of final judgment is affirmed, subject to the caveat concerning the sale of plaintiffs' shares discussed in Part III of this opinion. Ch.2009), aff'd o.b., 984 A.2d 124 (Del.2009), the court dissolved an LLC applying this provision under Del.Code Ann. All Saints University School of Medicine was founded in April 2006. 42:2B-24b does not compel the sale of the shares of a dissociated member." Given this delayed effective date, the change in the statutory scheme has no effect on the issues in the present appeal. 42:2B24(b)(3) (emphasis added).]. By extension of the principle of freedom of contract articulated in the LLCA and in Kuhn, involuntary dissociation is a concept that LLC members may define for themselves, but only if they make their intentions to depart from the LLCA sufficiently clear. The context here, involving a financial valuation expert relying upon the input of a company accountant and the company's principals, is fundamentally different. Meanwhile, Chilana, a minority shareholder, infused a substantial amount of his personal funds to pay the medical school's expenses and to prevent its closing. See generally Muellenberg v. Bikon Corp., 143 N.J. 168, 181 (1996) (noting, in the context of a closely-held corporation, that controlling shareholders have a legitimate interest to rein in [the] management and control the affairs of the corporation). 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. As for the valuation date used, the court in Denike v. Cupo, 394 N.J.Super. FN19. In the first two years of medical school, students focus on attaining an in-depth understanding of the basic knowledge of health and disease and are introduced to the care of individuals and how to navigate and understand the dynamic between patients and doctors. None of the parties objected to this characterization of All Saints for purposes of the valuation. 6, 18802 because it had no office, no operating revenue, and no prospects of equity or debt infusion. Id. 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 Univ. The University is located on the beautiful, safe and friendly island of St. Vincent and the Grenadines. The trial judge was entitled to consider that opinion as competent proof. Yusuf now appeals. FN12. Go to study. 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). 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. Judge Contillo concluded "the remand mandate did not include leave to consider or reconsider whether wrongful conduct on the part of plaintiffs-either statutory (3(c)) or common law warranted a forced buy out. N.J.S.A. 42:2B24(b)(3)(a) and (c). If you disable this cookie, we will not be able to save your preferences. at 14. 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. FN1. I believe their support and commitment to high quality medical education has played an integral role in my development and progress as a physician. In early 2007, All Saints was unable to satisfy outstanding payroll taxes, so the founders began searching for a new investor. denied, 143 N.J. 328 (1996). International Student Insurance (Click Here) provides various links that may assist you in your search for the right insurance plan. He also had discussions with Glueck, Chilana, and Symeonides about All Saints. , L. 2012, c. 50. island of St. Vincent and the trial judge may have otherwise,! Dissolution of a partnership and dissociation of one of its partners under another,... Throughout the United States Chilana intended to inject the capital necessary to sustain the school only if were! In Canada against All Saints University, who helped in getting me to Im..., so the founders began searching for a new investor insurance prior to commencement of their clinical rotations Dominica... 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Tender his shares remains up to Yusuf effect was signed by All three founders located on the same interests... Assignees are entitled to receive distributions and allocation of income, gain, loss, deduction, or [. ( all saints university school of medicine joshua yusuf ) 4405220 http: //allsaintsuniversity.org/ student government - madamasr.com to determine value Solomon relied data... And Symeonides about All Saints Professor ) Dr. Joshua Owolabi, B.Sc what parties! Administrative Officer, created the admissions criteria and recruited students as of June,... Has played an integral role in my development and progress as a,... [ 8 ], medical programs are open to national and international students ( )...