9 August 2021 Insight Application of post insolvency funds? BetIndex maintained a separate client account for its gambling customers. On administration around £4.5m was in the account. The administrators applied for directions as to the way in which amounts due to each customer are calculated. Bookmark this page 2 min read
9 August 2021 Insight Part 26 scheme rejected Part 26 scheme of arrangement rejected by the court on the basis, inter alia, of defects in the explanatory statement Bookmark this page 2 min read
9 August 2021 Insight Centre of main interest appealed The court had no jurisdiction to wind-up a company which had changed its registered address from the BVI to Malta in a suspected attempt to avoid litigation. The company’s centre of main interests remained Malta. Bookmark this page 2 min read
9 August 2021 Insight Directors should provide for contingent liabilities The directors of Avacade Ltd (Company) are to be disqualified as the court found that their conduct fell below the standard of probity and competence appropriate for the directors of the Company when they failed to provide for a contingent liability to HMRC. Bookmark this page 2 min read