. The UK capital maintenance rules have historically been justified as a form of creditor protection. Evaluate the effectiveness of these rules in achieving creditor protection and discuss, by reference to other jurisdictions where appropriate, what alternative approaches to the potential conflict between creditors and shareholders might be viable.
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Please make sure the essay is written in legal structure and that it include legal arguments. Find the attached file outlining the rules of the essay to Comply with the law school standards.
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