10@12 Webinar : ALL YOU WANTED TO KNOW ABOUT CAPITAL MAINTENANCE BUT WERE TOO AFRAID TO ASK…
28th April 2023
Corporate lawyers often talk about “capital maintenance.” But what is it? In this webinar Andrew Thornton KC and Ben Shaw KC will explain basic concepts of capital maintenance under the Companies Act 2006 and at common law and address some of the questions which members of Chambers are frequently asked.
10 points that will be covered
1.What is the point of capital maintenance rules?
2.The rule in Trevor v Whitworth: does it still matter?
3.UK capital maintenance since 1980
4.How can value be transferred from a company to its members?
5.What are the consequences of breaching capital maintenance rules?
6.If all members agree, can we ratify a breach of capital maintenance rules?
7.Common transactions involving capital maintenance issues
8.What is a reduction of capital? Where does the capital go?
9.Is a sale of assets to members at an undervalue a distribution?
10.How do I fix a dodgy buyback?