Unlawful distributions: payment to parent company under CVA (High Court)

Resource type: Legal update: case report

Status: Published on 14-Oct-2011

Jurisdictions: England, Wales

In Re TXU Europe Group plc, the High Court considered whether the payment of a sum under a CVA to the parent company of the company in administration, following the payment of all sums due to creditors under the CVA, would be an unlawful return of capital or distribution.

PLC Corporate

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  • Resource ID: 3-509-2192
  • Published: 14-Oct-2011
  • Products:  Law Department UK email archive, PLC UK Corporate, PLC UK Finance, PLC UK Law Department, PLC UK Restructuring and Insolvency, PLC UK Tax
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