INTRODUCTION
It is the concept of limited liability that focused the attention of the courts on…
The case which formed the turning point for the capital maintenance doctrine was…
Lord Herschell put the situation as follows:…
“The capital may, no doubt, be diminished by expenditure upon and reasonably incidental…
While in early cases like Trevor v Whitworth, the expression “return of capital” was interpreted as an actual return of subscribed share capital in time, a set of rules regarding the formation and maintenance of capital
The doctrine of capital maintenance is formed by two sets of rules which were created…
As will be explained below in detail, the acquisition of its own shares by a company…
After the 1980s the need to increase the use of share repurchases, not only for private…
The aim of this article is to analyse the acquisition of its own shares by a company…
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