Jersey Law Reports

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URL: http://www.bailii.org/je/cases/JLR/2013/JLR131175.html
Cite as: [2013] 1 JLR 175

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In re WPP v 2013 (1) JLR 175 (07 February 2013)

Companies-capital-reduction of share capital-court has discretion whether to approve reduction and should consider interests of shareholders and creditors-to be satisfied shareholders treated equally; proposals properly explained; and reduction has discernible purpose-no prejudice to creditors by transfer from capital account (e.g. share premium account) to non-capital account (e.g. reserve of profit)

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