Kershaw: Company Law in Context: Text and Materials
Chapter 19
Footnote web links
88. Typically the figure is 10% above the debts existing at the time of the reduction (Practical Law Company, Reduction of Capital (http://uk.practicallaw.com/ ), 6–7). See further the extract from Martin Currie Ltd below which suggests the courts may take a more flexible view on the types of assets to be taken into consideration in deciding whether to dispense with the creditor list and consent procedures.
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