Aveling Barford Ltd v Perion Ltd [1989] BCLC 626
By Oxbridge Law TeamUpdated 04/01/2024 07:06
Reviewed ByOxbridge Law Team
Judgement for the case Aveling Barford Ltd v Perion Ltd
Table Of Contents
Company sold some assets to a shareholder at less than their market value.
Held
-
Transaction was a valid sale
I.e. not a sham
-
However as it was at an undervalue, was an unlawful distribution
I.e. contravened rule that company must not return capital to its shareholders
Any comments or edits about this case? Get in touch
For Further Study on Aveling Barford Ltd v Perion Ltd
805 total pages
1075 purchased
Company law notes fully updated for recent exams in the UK. These notes...
Need instant answers? Our AI exam tutor is here to help.
Ask questions 🙋 Get answers 📔 It's simple 👁️👄👁️
Our AI is educated by the highest scoring students across all subjects and schools. Join hundreds of your peers today.
Get StartedSimilar Cases
Related Product Samples
These product samples contain the same concepts we cover in this case.
| Company law | Legal Capital Cases (5 pages) |
Claim every advantage to get a first in law
805 total pages
1075 purchased
Company law notes fully updated for recent exams in the UK. These notes...
Since 2010, Oxbridge Notes has been a trusted education marketplace, supplying high-quality materials from top achievers at universities like Oxford, Cambridge, LSE, Harvard, and Yale.