Historically, the share capital has been considered to provide sufficient protection for shareholders and creditors in Swedish limited liability companies (sw: aktiebolag). However, as the minimum share capital requirement has decreased over the years, the question of whether it provides any meaningful protection has been raised. The minimum share capital requirement for private and public limited companies is SEK 25,000 and SEK 500,000, respectively. Current capital requirements stipulate that the board of directors must act when the company’s assets correspond to half or less of the share capital. However, at the same time, the companies' financial exposure tends to be many times greater. Consequently, companies tend to go bankrupt before they are in capital deficiency according to the capital requirements set out in the Swedish Companies Act (sw: Aktiebolagslagen).
1. Inledning
Det aktiebolagsrättsliga kapitalskyddet har en lång historia av att vara sufficiensbaserat – det vill säga att fokus har legat på förhållandet mellan bolagets egna kapital och skulder. De sufficiensbaserade kapitalskyddsregler kan delas upp i två delar, dels ett krav om att det efter en värdeöverföring måste finnas full täckning för bolagets bundna egna kapital, 1 ...