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Company A, company B and two individuals, D and E, become shareholders of Company C. Sally and Lynda own a Company SL and they organize
Company A, company B and two individuals, D and E, become shareholders of Company C.
Sally and Lynda own a Company SL and they organize the transfer of assets from their own company, company SL, to company C at grossly inflated values. Company C becomes insolvent and a liquidator is appointed. Once registered, neither Sally and Lynda have taken
any role in the management of company C. Despite this, what remedies might the liquidator still pursue against Sally and Lynda?
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