Kershaw, David (2009) Involuntary creditors and the case for accounting-based distribution regulation. Journal of Business Law (2). pp. 140-165. ISSN 0021-9460
Appraises two arguments for the reform of regulation restricting company distributions to shareholders, namely: (1) that in the absence of a minimum capitalisation requirement for companies there could be very little capital for the regulations to protect in any event; and (2) that the regulations cause minor changes to accounting practices to disproportionately affect a company's ability to make a distribution and therefore may distort capital markets. Identifies two ways in which involuntary creditors are protected by the regulations, and considers whether such protection could be provided by other means.
|Additional Information:||© 2009 Sweet & Maxwell and its Contributors|
|Library of Congress subject classification:||K Law > K Law (General)|
|Sets:||Departments > Law|
|Date Deposited:||17 Apr 2009 13:08|
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