In re Randgold Resources Ltd. v [2004] JLR_Note 19 (27 April 2004)
The court may approve a reduction of share capital if statutory procedures are followed and creditors' interests are protected.
- Parties
- Applicant: Randgold Resources Ltd.
- Jurisdiction
- Jersey
- Judgment Date
- 27 April 2004
- Procedural Posture
- Company Law Application / Capital Reduction Approval
- Outcome
- application granted
- Legal Topics
- Reduction of Share Capital
Case Brief
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Parties
Randgold Resources Ltd.
Applicant
Procedural Posture
Company Law Application / Capital Reduction Approval
Legal Issues
- 1 Whether the court should approve the reduction of share capital by Randgold Resources Ltd.
Ratio Decidendi
The court may approve a 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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