The Companies (Reduction of Capital) (Creditor Protection) Regulations 2008
These Regulations implement the amendment made to Article 32(1) of Council Directive 77/91/EEC (OJ L 26, 31.1.1977, p. 1) by Directive 2006/68/EC of the European Parliament and of the Council (OJ L 264, 25.9.2006, p. 32). The latter Directive amended the former as regards the formation of public companies and the maintenance and alteration of their capital. The Regulations also make corresponding amendments to the law as it relates to private companies.