In re Mv Leveraged Finance Ltd. v [2007] JLR_Note 18 (01 February 2007)
The court may approve the reduction of share capital if statutory procedures are followed and creditors' interests are protected.
- Parties
- Applicant: Mv Leveraged Finance Ltd.
- Jurisdiction
- Jersey
- Judgment Date
- 01 February 2007
- Procedural Posture
- Company Law Application / Capital Reduction Order
- Outcome
- application granted
- Legal Topics
- Reduction of Share Capital
Case Brief
Summary, issues, holding and outcome
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Parties
Mv Leveraged Finance Ltd.
Applicant
Procedural Posture
Company Law Application / Capital Reduction Order
Legal Issues
- 1 Whether the court should approve the reduction of share capital of Mv Leveraged Finance Ltd.
Ratio Decidendi
The court may approve the reduction of share capital if statutory procedures are followed and creditors' interests are protected.
Court Disposition
application granted
Orders
- Reduction of share capital approved
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