*/
Company – Winding-up. The respondent company had presented a petition to wind up a company. The Chancery Division gave reasons for granting the company's applications, under s 127 of the Insolvency Act 1986, for the validation of certain payments that it intended to make. The court ruled that validation was necessary to enable the company to effect restructuring or other plans (the plans), which presented the only prospect for unsecured creditors to recover debts owed by the company. The court further held that there were valid grounds for the hearings being held in private where to disclose confidential information concerning the company might impact adversely on the delivery of the plans, to the possible detriment of unsecured creditors, among others.
Company – Winding-up. The respondent company had presented a petition to wind up a company. The Chancery Division gave reasons for granting the company's applications, under s 127 of the Insolvency Act 1986, for the validation of certain payments that it intended to make. The court ruled that validation was necessary to enable the company to effect restructuring or other plans (the plans), which presented the only prospect for unsecured creditors to recover debts owed by the company. The court further held that there were valid grounds for the hearings being held in private where to disclose confidential information concerning the company might impact adversely on the delivery of the plans, to the possible detriment of unsecured creditors, among others.
Sam Townend KC explains the Bar Council’s efforts towards ensuring a bright future for the profession
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Louise Crush explores the key points and opportunities for tax efficiency
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Adele Akers’ reflections on health and wellbeing support at the very junior end of the Bar
Not one to say, ‘I told you so,’ Sam Thomas continues his cyber series with the key learnings from the major supply chain attack affecting 80 law firms and at least one set of chambers at the end of 2023
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