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Creditors' interests and reductions of capital supported by a solvency statement

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Published on: 13 July 2016

Published by a LexisNexis Corporate expert

Table of contents

Original news
What is the background to this case?
Why is the case of interest to corporate lawyers?
What is the procedure for a reduction of capital supported by a solvency statement?
What did the court decide regarding the solvency statement procedure?
What was decided in relation to the 'creditors interests duty'?

Article summary

Corporate analysis: The recent case of BTI 2014 LLC v Sequana S.A. & Ors considers a number of issues relating to the process for implementing a reduction of capital supported by a solvency statement and the circumstances in which the directors of a company are required to consider the interests of creditors.

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