Last week, the Court of Appeal clarified the rights of purchasers of partially completed tiny homes following the builder's insolvency^.[1] The High Court ruled last year^[

The Court of Appeal has delivered the highly anticipated Mainzeal judgment after hearings in July 2020. The Court held that the directors breached both of the two core duties which protect creditors from the risks of insolvent trading, but overturned the controversial measure of damages for reckless trading adopted by the High Court. The High Court is now required to reconsider the quantum of loss but on a "new debt" measure.