In re Henderson Far East Income Ltd. v [2007] JLR_Note 16 (23 January 2007)

In re Henderson Far East Income Ltd. v [2007] JLR_Note 16 (23 January 2007)

The court considered whether the statutory requirements for a reduction of share capital were met and whether the reduction was fair and did not prejudice creditors or shareholders.

Source-derived case information.

Parties
Applicant: Henderson Far East Income Ltd.
Jurisdiction
Jersey
Judgment Date
23 January 2007
Procedural Posture
Company Law Application / Judgment/note on Application
Outcome
application granted
Legal Topics
Reduction of Share Capital
Company Law Reduction of Share Capital

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Parties

Henderson Far East Income Ltd.

Applicant

Procedural Posture

Company Law Application / Judgment/note on Application

  1. 1 Whether the company should be permitted to reduce its share capital

Ratio Decidendi

The court considered whether the statutory requirements for a reduction of share capital were met and whether the reduction was fair and did not prejudice creditors or shareholders.

Court Disposition

application granted

Orders

  • Reduction of share capital approved