The High Court has given guidance on the principles that insolvency officeholders should apply when deciding whether or not to assign a claim in LF2 Ltd v Supperstone [2018] EWHC 1776
This guidance does not create a binding precedent but does set out a helpful framework within which insolvency officeholders can consider a proposed assignment of a cause of action.
Assignments of claims by insolvency officeholders
United Kingdom, Insolvency & Restructuring, Litigation, TLT LLP, Liquidator (law), Insolvency Act 1986 (UK)
Bankruptcy and insolvency cases will be dealt with by the Business and Property Courts from 2 October 2017.
Insolvency Practitioners will welcome the change, which will enable insolvency litigation to be dealt with in a more efficient and cost effective manner in the regional centres.
Launch date