Matches in DBpedia 2015-10 for { <http://dbpedia.org/resource/Undervalue_transaction> ?p ?o }
Showing triples 1 to 47 of
47
with 100 triples per page.
- Undervalue_transaction abstract "An undervalue transaction is a transaction entered into by a company who subsequently goes into bankruptcy which the court orders be set aside, usually upon the application of a liquidator for the benefit of the debtor's creditors. Under Australian insolvency law they are referred to as uncommercial transactions.Under ordinary principles of contract law, the courts will not generally look into the adequacy of the consideration provided by either side. However, if a company is in real peril of going into bankruptcy, many legal systems provide a mechanism that transactions which are seriously commercially disadvantageous to the company can be unwound, so as to prevent prejudice to the creditors of the company.Normally, for a transaction to be set aside as an undervalue transaction, the liquidator or equivalent must demonstrate that:the consideration received by the company in the transaction, in money or money's worth is significantly less than the value, in money or money's worth, provided by the company;the transaction was entered into during the "vulnerability period"; andat the time of the transaction, the company was unable to pay its debts as they fell due, or became unable to pay its debts as they fell due as a result of the transaction.The vulnerability period is the period of time immediately prior to the company going into bankruptcy. The length of the vulnerability period varies between countries, and some countries apply different vulnerability periods in different circumstances. For example, in the United Kingdom, the vulnerability period is either:two years, if the person with whom the company entered into the transaction with is a "connected person", or6 months, in all other cases.The period is calculated by reference to the period of time immediately preceding the company going into liquidation or administration.The effect of a successful application to have a transaction declared as an undervalue transaction varies. Inevitably the other party to the transaction who received the benefit has to return the benefit (or account for it) it to the liquidator. In some countries the assets are treated in the normal way, and may be taken by any secured creditors who have a security interest which catches the assets (characteristically, a floating charge). However, some countries have "ring-fenced" recoveries of unfair preferences so that they are made available to the pool of assets for unsecured creditors.Many jurisdictions which have prohibitions on undervalue transactions also provide for an exception in the case of transactions entered into in the ordinary course of business where the directors are of a view that it is for the benefit of the company, and such transactions are usually either validated or presumed to be validated.".
- Undervalue_transaction wikiPageID "5918532".
- Undervalue_transaction wikiPageLength "3963".
- Undervalue_transaction wikiPageOutDegree "18".
- Undervalue_transaction wikiPageRevisionID "668584285".
- Undervalue_transaction wikiPageWikiLink Australian_insolvency_law.
- Undervalue_transaction wikiPageWikiLink Bankruptcy.
- Undervalue_transaction wikiPageWikiLink Board_of_directors.
- Undervalue_transaction wikiPageWikiLink Category:Bankruptcy.
- Undervalue_transaction wikiPageWikiLink Category:Business_law.
- Undervalue_transaction wikiPageWikiLink Category:Finance.
- Undervalue_transaction wikiPageWikiLink Category:Insolvency.
- Undervalue_transaction wikiPageWikiLink Company.
- Undervalue_transaction wikiPageWikiLink Company_(law).
- Undervalue_transaction wikiPageWikiLink Consideration.
- Undervalue_transaction wikiPageWikiLink Contract.
- Undervalue_transaction wikiPageWikiLink Contract_law.
- Undervalue_transaction wikiPageWikiLink Floating_charge.
- Undervalue_transaction wikiPageWikiLink Liquidator_(law).
- Undervalue_transaction wikiPageWikiLink Ordinary_course_of_business.
- Undervalue_transaction wikiPageWikiLink Secured_creditor.
- Undervalue_transaction wikiPageWikiLink Security_interest.
- Undervalue_transaction wikiPageWikiLink Unfair_preference.
- Undervalue_transaction wikiPageWikiLink Unsecured_creditor.
- Undervalue_transaction wikiPageWikiLink Voidable_floating_charge.
- Undervalue_transaction wikiPageWikiLinkText "Transaction at an undervalue".
- Undervalue_transaction wikiPageWikiLinkText "Uncommercial transactions".
- Undervalue_transaction wikiPageWikiLinkText "Undervalue transaction".
- Undervalue_transaction wikiPageWikiLinkText "transaction at an undervalue".
- Undervalue_transaction wikiPageWikiLinkText "transactions at an undervalue".
- Undervalue_transaction wikiPageWikiLinkText "undervalue transaction".
- Undervalue_transaction hasPhotoCollection Undervalue_transaction.
- Undervalue_transaction wikiPageUsesTemplate Template:Insolvency.
- Undervalue_transaction wikiPageUsesTemplate Template:Reflist.
- Undervalue_transaction subject Category:Bankruptcy.
- Undervalue_transaction subject Category:Business_law.
- Undervalue_transaction subject Category:Finance.
- Undervalue_transaction subject Category:Insolvency.
- Undervalue_transaction hypernym Transaction.
- Undervalue_transaction type Work.
- Undervalue_transaction comment "An undervalue transaction is a transaction entered into by a company who subsequently goes into bankruptcy which the court orders be set aside, usually upon the application of a liquidator for the benefit of the debtor's creditors. Under Australian insolvency law they are referred to as uncommercial transactions.Under ordinary principles of contract law, the courts will not generally look into the adequacy of the consideration provided by either side.".
- Undervalue_transaction label "Undervalue transaction".
- Undervalue_transaction sameAs m.0fdh6s.
- Undervalue_transaction sameAs Q7883832.
- Undervalue_transaction sameAs Q7883832.
- Undervalue_transaction wasDerivedFrom Undervalue_transaction?oldid=668584285.
- Undervalue_transaction isPrimaryTopicOf Undervalue_transaction.