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Trevor v Whitworth (1887) 12 App Cas 409 is a UK company law case concerning share buybacks. It held they were unlawful. The case is often used in support for the Capital Maintenance Rule. The rule coming from the case itself has since been reformed by statute in several commonwealth countries.
Share capital maintenance, issue at a discount Ooregum Gold Mining Co of India v Roper [1892] AC 125 is an old and controversial English company law case concerning shares . It concerns the rule that shares should not be issued "at a discount" on the price at which they were issued.
A number of its provisions have become increasingly controversial since its enactment in 1976, [1] as many rules for the maintenance and alteration of capital have been abandoned within EU member states, particularly regarding the use of minimum capital (currently set at €25,000), and the accounting concept of nominal share value ...
United Kingdom company law regulates corporations formed under the Companies Act 2006. Also governed by the Insolvency Act 1986, the UK Corporate Governance Code, European Union Directives and court cases, the company is the primary legal vehicle to organise and run business.
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In February 2011, the SEC charged DHB Industries, a major supplier of body armor to the U.S. military and law enforcement agencies, for engaging in a large accounting fraud, and in addition separately charged three of DHB's former outside directors and audit committee members for their complicity in the scheme. [28]
The new proposal would increase capital levels for big banks like JPMorgan Chase and Bank of America by 9% in aggregate, down by half from the original plan from more than a year ago, which set ...
The company is being sold off as part of a defamation settlement after Jones falsely called the Sandy Hook Elementary School massacre a hoax. At issue, Judge Christopher Lopez said Tuesday night ...