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Possible manipulation of the ‘solvency and liquidity’ test under the Companies Act makes the test an ineffective alternative to the ‘maintenance of capital’ principle
Authors :
Kadish, Joshua Sasha
Journal Title :
The Journal of Corporate and Commercial Law & Practice
Citation :
2020 (1) JCCL&P 40
Subject :
Solvency and liquidity test
:
The capital maintenance doctrine
:
Potential for manipulation of the solvency and liquidity test
