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Aveling Barford Ltd v Perion Ltd [1989] BCLC 626

Country:
United Kingdom
By Oxbridge Law Team
Reviewed By Oxbridge Law Team
Updated 04/01/2024 07:06
Held

  • 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

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