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Company – Compulsory winding up. The respondent company was insolvent and there were concerns that it had been involved in money laundering. Its principal creditors were its customers. The applicant Secretary of State had sought a compulsory winding up order in the public interest. At the hearing of the application to appoint a provisional liquidator, the Secretary of State invite the court to proceed immediately to the petition and to make a compulsory winding up order. The Chancery Division determined that it was an appropriate case for dispensing with advertisement of the petition, it was an appropriate case for accelerating the hearing of the petition and it was manifest that a winding up order in the public interest should be made.
Company – Compulsory winding up. The respondent company was insolvent and there were concerns that it had been involved in money laundering. Its principal creditors were its customers. The applicant Secretary of State had sought a compulsory winding up order in the public interest. At the hearing of the application to appoint a provisional liquidator, the Secretary of State invite the court to proceed immediately to the petition and to make a compulsory winding up order. The Chancery Division determined that it was an appropriate case for dispensing with advertisement of the petition, it was an appropriate case for accelerating the hearing of the petition and it was manifest that a winding up order in the public interest should be made.
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
Westgate Wealth Management Ltd is a Partner Practice of FTSE 100 company St. James’s Place – one of the top UK Wealth Management firms. We offer a holistic service of distinct quality, integrity, and excellence with the aim to build a professional and valuable relationship with our clients, helping to provide them with security now, prosperity in the future and the highest standard of service in all of our dealings.
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