Judgment
In re Santiago Pipelines Company; In re New Santiago Pipelines Company - Judgment
FSD 0153/2012; FSD 0154/2012 (AJJ) · 2012-12-17
Whether the evidence filed was sufficient for the Court to understand the Companies’ financial condition and the commercial rationale for the restructuring; whether the Court could properly confirm capital‑reduction resolutions under ss.15–16 of the Companies Law; whether the restructuring served a “discernable purpose” as required by Ratners/Thorn principles; whether the Colombian tax‑driven spin‑off structure constituted a legitimate commercial objective; whether the absence of creditors and unanimous shareholder approval satisfied shareholder and creditor‑protection considerations
Full metadata
| Cause Number | FSD 0153/2012; FSD 0154/2012 (AJJ) |
|---|---|
| Court | CIGC (FSD) |
| Judge | Jones J |
| Parties | In re Santiago Pipelines Company; In re New Santiago Pipelines Company - Judgment |
| Judgment Date | 2012-12-17 |
| Subject | Whether the evidence filed was sufficient for the Court to understand the Companies’ financial condition and the commercial rationale for the restructuring; whether the Court could properly confirm capital‑reduction resolutions under ss.15–16 of the Companies Law; whether the restructuring served a “discernable purpose” as required by Ratners/Thorn principles; whether the Colombian tax‑driven spin‑off structure constituted a legitimate commercial objective; whether the absence of creditors and unanimous shareholder approval satisfied shareholder and creditor‑protection considerations |
| Filename (current) | 12-12-17-Santiago-Pipelines-Company-In-re.pdf |
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