Changes to the scope of corporate transactions under the National Security and Investment Act
The government has proposed reforms to the National Security and Investment Act, with implications for transactions in a number of regulated sectors.
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The government has proposed reforms to the National Security and Investment Act, with implications for transactions in a number of regulated sectors.
ICC Judge Agnello KC dismissed an application seeking disclosure of correspondence and other documents passing between Secretary of State and the joint liquidators of three companies in respect of which disqualification proceedings had been brought.
In dismissing the liquidators’ appeal, the High Court has clarified the limits of liquidators’ powers when seeking documents under sections 235 and 236. Requests must be properly evidenced and targeted. A desire to “reconstitute corporate knowledge” is not a sufficient reason, on its own, to demand everything held by a third party service provider.
In re Mannarest Ltd, HHJ Paul Matthews considered an unusual application by joint liquidators seeking to place the company into administration after the company had already entered creditors’ voluntary liquidation.
Following rejection of their proposals, the administrators sought directions. The court ordered the administration to conclude and the company to be wound up into compulsory liquidation.
Court orders secured creditor funder to pay costs of defendant in unsuccessful claim brought by a company in administration.
The Appeal Court considered an ex wife’s claim to the beneficial interest in the family home and examined whether exceptional circumstances justified the lower court’s decision to postpone its sale for eight years
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We've pulled together a few recent court decision that may be of interest.
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