UKCloud Ltd - lenders are reminded to demonstrate actual control over assets subject to fixed security

In UKCloud Ltd(Re Insolvency Act 1986) [2024] EWHC 1259 (Ch), the court was again faced with the age-old question of categorisation of a security interest but this time in respect of a new type of asset, internet protocol (IP) addresses. Could fixed charge security be taken over IP addresses and, if so, was it taken here?

Filed under:
United Kingdom, Insolvency & Restructuring, Litigation, Stevens & Bolton LLP, Cloud computing
Authors:
Andrew Dodds , Samantha Uzzell
Location:
United Kingdom
Firm:
Stevens & Bolton LLP