Corporations (Sons of Gwalia) Bill 2010

Articles Written by John Keeves (Partner), David Proudman (Consultant)

The Corporations (Sons of Gwalia) Bill was passed by Parliament on 26 November 2010, an awaits Royal assent. The Bill will reverse the effect of the Sons of Gwalia Case by subordinating the claims of members, in relation to dealings, in shares to those of creditors.

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