Acatos and Hutchinson Plc v Watson: ChD 30 Dec 1994

One company may purchase another company, whose sole assets are the purchasing company’s own shares where there is no consideration given.

Citations:

Times 30-Dec-1994, [1995] 1 BCLC 218

Statutes:

Companies Act 1985 143

Jurisdiction:

England and Wales

Company

Updated: 12 July 2022; Ref: scu.77623