(Canada) Indirect financial assistance in purchase of company’s shares.
Citations:
(1980) DLR (3d) 257
Cited by:
Cited – Harlow and Another v Loveday and Another; In re Hill and Tyler Ltd (in administration) ChD 28-May-2004
The administrators challenged the validity of a charge which appeared to have been given by the company to secure the purchase of shares in the company.
Held: The loan itself did not amount to assistance, but the charge did. It was indirect . .
Lists of cited by and citing cases may be incomplete.
Company, Commonwealth
Updated: 30 April 2022; Ref: scu.198129