CPD Webinar - The role of directors in distributions, loans and capital
Thursday 21 May at 10am
Hosted by LK Shields, speakers Ruairi Mulrean, Partner, Corporate and Commercial, and Elaine Hughes, Head of Company Secretarial and Compliance of LK Shields.
They discussed the following areas as part of this important area: Law governing distributions, loans and capital, when is a distribution made? profits available for distribution,types of distributions/dividends, power to pay dividends or make distributions – board v shareholder approval, unlawful distributions, deemed distributions, prohibition on pre-acquisition profits being treated as profits available for distribution (Hold Co) and corporate considerations.