Legal News

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

Published on: 13 July 2016
Published by: LexisPSL
  • Creditors' interests and reductions of capital supported by a solvency statement
  • 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. or take a trial to read the full analysis.

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