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
Source-derived case record
Summary, issues, holding and outcome
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Parties
Henderson Far East Income Ltd.
Applicant
Procedural Posture
Company Law Application / Judgment/note on Application
Legal Issues
- 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
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