Blog
Removal of trustees – factors a court will consider
Cally Brosnan
Are you ready to dive into the intricacies of due diligence and company transactions? Join us as we explore one of the key issues that can arise during due diligence: unlawful distributions.
Discover what constitutes a "distribution" under the Companies Act 2006, why they are tightly regulated, and the serious consequences of making unlawful distributions. We'll break down the common pitfalls, from lacking distributable profits to the personal liabilities directors and shareholders face.
But don't worry, we won’t just highlight the problems—we'll also delve into practical solutions. Learn how companies can rectify unlawful distributions, ensure compliance, and pave the way for smoother transactions.
To stay updated with the latest news, videos, and blogs from our Corporate, Commercial, and Finance team, click here.
About the author
Mei is an Associate in the Corporate, Commercial and Finance team. She advises entrepreneurs, investors and established businesses across a variety of sectors on a broad range of corporate and commercial matters.
Her core areas of expertise include:
- Startup/scaleup investments
- Mergers and acquisitions
- Corporate advisory
Share insightLinkedIn X Facebook Email to a friend Print