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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.
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 ...
The directors of AWA called a dividend of €135 million to be distributed in May 2009 to the sole shareholder, Sequana SA, which paid off the debt that Sequana had owed to AWA. This complied with limits on dividends in the Companies Act 2006 part 23, and common law rules on capital maintenance.
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.
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Second Company Law Directive 77/91/EEC, on formation of public companies and the maintenance and alteration of capital, updated by 2006/68/EC and 2009/109/EC, repealed by 2012/30/EU Mergers and acquisitions
On 17 July 2013, the CRD IV package was transposed —via a Regulation (Regulation (EU) No 575/2013 on prudential requirements for credit institutions and investment firms (CRR)) and a Directive (Directive 2013/36/EU on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms ...
European company law is the part of European Union law which concerns the formation, operation and insolvency of companies (or corporations) in the European Union. The EU creates minimum standards for companies throughout the EU, and has its own corporate forms.