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Company – Liquidation. The Chancery Division considered an application by the joint liquidators of Longmeade Ltd for directions, pursuant to s 168(3) of the Insolvency Act 1986 in relation to a potential claim in negligence, which they had identified could be made by the company against the Secretary of State for Business Innovation and Skills. Consideration was given to the principles to be applied to the modified regime concerning the commencement of proceedings by a company in compulsory liquidation post-26 May 2015.
Company – Liquidation. The Chancery Division considered an application by the joint liquidators of Longmeade Ltd for directions, pursuant to s 168(3) of the Insolvency Act 1986 in relation to a potential claim in negligence, which they had identified could be made by the company against the Secretary of State for Business Innovation and Skills. Consideration was given to the principles to be applied to the modified regime concerning the commencement of proceedings by a company in compulsory liquidation post-26 May 2015.
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