Niall Hearty of Rahman Ravelli details a case where the court considered the issue of protecting assets that are subject to a proprietary claim.

A High Court ruling regarding frozen assets can be seen as a positive outcome for both the claimant and potential claimants in future such cases.

The ruling has shown that the courts will be robust when it comes to protecting assets over which a proprietary claim is being made.

Case Background

The Insolvency Service now has extended powers when it comes to directors dissolving companies to avoid paying their liabilities.

These powers have been granted under the Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Act, which was given royal assent on 15 December 2021.