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Insolvency Update
MAY 2011

Corporate Recovery & Insolvency update

Hi Matt

Welcome to the May issue of our update on the latest insolvency news and cases.

We hope you will find it useful and if you have any questions, or would like to suggest a case for us to look at, please get in touch.

Security over property as means to set aside statutory demand
The Court of Appeal has clarified the issue of security granted to a creditor over third party property as a means to set aside a statutory demand.

Read more>>

Irrational administrators denied ability to recover costs as administration expenses


The High Court has ordered the two directors of an insolvent company to pay their successful opponent's costs on a personal basis.

Read more 
>>             

Supreme Court backs Court of Appeal in Safeway case




The Supreme Court has refused Safeway permission to appeal against the Court of Appeal's decision that a corporate undertaking is personally liable for a penalty under the Competition Act 1988.  Read more >>             


Limiting indemnity rights when an insured is insolvent

The Court of Appeal has refused to enforce an indemnity in a settlement agreement that would have altered the ranking of creditors.

Read more >>
             


Contacts
Sean Moran
Partner
0116 257 4410

email sean >
 
Roy Botterill
Partner
0116 257 4431

email roy >
 
Chris Saul
Partner
0116 257 4411

email chris >
 
Annabel Whittaker
Solicitor
0116 257 6167

email annabel >
 
Sarah Swann
Solicitor
0116 257 4423

email sarah >

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