Kershaw, David (2009) Involuntary creditors and the case for accounting-based distribution regulation. Journal of Business Law (2). pp. 140-165. ISSN 0021-9460
Abstract
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.
| Item Type: | Article |
|---|---|
| Official URL: | http://www.sweetandmaxwell.co.uk/Catalogue/Product... |
| 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 |
| URL: | http://eprints.lse.ac.uk/23658/ |
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