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Business and Corporate law QUESTION ONE The law provides a variety of processes able to be applied to a situation in which a company is

Business and Corporate law

QUESTION ONE

The law provides a variety of processes able to be applied to a situation in which a company is

unable to pay its debts other than the appointment of a liquidator of the company.

Required:

Referring to relevant sections of the Companies Act 1993 (and other legislation you think relevant), describe in general terms the different ways of responding to corporate insolvency other than liquidation and when those processes might be appropriate

QUESTION TWO

The decision by a company to obtain capital funding usually involves a choice between debt funding and equity funding.

Required:

Explain, in general terms, the distinctions between debt funding and equity funding, and briefly explain why debt funding might be more advantageous for a company than equity funding

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