5 February 2021 Insight Administration – invalidity of QFC appointment by junior creditor Junior creditor’s appointment of an administrator was invalid where they had not first obtained the consent of the senior creditor as required by the deed of priority – the defect was not an irregularity that could be cured. Bookmark this page 2 min read
5 February 2021 Insight When will a public examination be ordered? A “useful purpose” needs to be established for a court to order a public examination of an alleged de facto director of a company in liquidation. Bookmark this page 2 min read
5 February 2021 Insight Lying director disqualified for 10 years The High Court considered the conduct of a de facto director in a company thought to be involved in MTIC fraud as being in middle bracket of Re Sevenoaks Stationers (Retail) Limited. Bookmark this page 2 min read
5 February 2021 Insight Lenders rejoice! Contingent liabilities protected The administrators of a limited liability partnership sought directions as to whether a lender remained a secured creditor of the partnership despite the principal sum lent having been repaid. Bookmark this page 2 min read
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