Islandsbanki HF v Stanford

Practice – Adjournment of proceedings. The claimant bank's appeal against an order of the Insolvency and Companies Court succeeded. The Chancery Division held that the judge had erred in ordering an adjournment of the bankruptcy proceedings against the defendant. While the judge had been entitled to adjourn his decision, having heard full argument on the merits, and to ask for further submissions from counsel on unclear legal points, he should have, as a matter of principle, disposed of the bank's petition first.

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