Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
undervalue — index depreciate, derogate, discommend, discount (minimize), discount (reduce), disparage, humiliat … Law dictionary
Undervalue transaction — An undervalue transaction is a transaction entered into by a company [Some legal systems also apply undervalue transactions to insolvent individuals] who subsequently goes into bankruptcy which the court orders be set aside, usually upon the… … Wikipedia
transactions at an undervalue — An administrator or liquidator may apply to the court for an order avoiding any transactions made at a significant undervalue in the two years before the administration or liquidation if the company was then (or as a result of the transaction… … Law dictionary
Corporate benefit — (sometimes referred to as commercial benefit) is the requirement under some legal systems that the directors of a company must exercise the powers [For these purposes, it is important to remember the distinction between objects (what the company… … Wikipedia
Interest of the company — The interest of the company (sometimes company benefit or commercial benefit ) is a concept that the board of directors in corporations are in most legal systems required to use their powers for the commercial benefit of the company and its… … Wikipedia
Trading while insolvent (UK) — In many legal systems, once a company becomes insolvent, the directors have to take particular care. Under UK law, trading while insolvent can trigger several provisions under the Insolvency Act 1986 which may have the effect of making directors… … Wikipedia
Trading while insolvent — is unlawful in a number of legal systems, and may result in the directors becoming personally liable for a company s assets. Under UK insolvency law trading once a company is legally insolvent can trigger several provisions of the Insolvency Act… … Wikipedia
Liquidation — Winding up redirects here. For other uses, see Wind up (disambiguation). Not to be confused with liquification, a concept in physics. In law, liquidation is the process by which a company (or part of a company) is brought to an end, and the… … Wikipedia
restoration order — An order that the Pensions Regulator may make in relation to defined benefit schemes under section 52 of the Pensions Act 2004. If a party has entered into a transaction at an undervalue involving scheme assets on or after 27th April 2004, the… … Law dictionary
Rock Nominees Ltd v. RCO (Holdings) plc — [2004] 1 BCLC 439; [2003] 2 BCLC 493 is a UK company law case dealing with unfair prejudice under s.459 Companies Act 1985 (now s.994 Companies Act 2006). It was decided at first instance by Peter Smith J.FactsRock Nominees Ltd was part of the… … Wikipedia
