Administrators will note with concern the decision of the East London Employment Tribunal in Spencer v Lehman Brothers (in administration) and Others, which suggests that administrators can be held to be personally liable for the discrimination of employees of the business in administration.
United Kingdom, Employment & Labor, Insolvency & Restructuring, Litigation, Shepherd and Wedderburn LLP, Discrimination, Employment tribunal, Parental leave, Annual leave, Lehman Brothers, Insolvency Act 1986 (UK), Sex Discrimination Act 1975 (UK)
Philip Bell v Philip Long, Andrew Thomson, PKF and Weatherall Green & Smith (North) Limited [2008] EWHC 1273 (Ch)
Background
The receiver's duty to exercise care in disposing of the company's assets and to ensure he obtains the best price reasonably obtainable at the time of sale was considered recently in the English case of Bell v Long & Others.
United Kingdom, Insolvency & Restructuring, Litigation, Shepherd and Wedderburn LLP, Shareholder, Interest, Negligence, Good faith, Duty of care, Portfolio (finance), Insolvency Act 1986 (UK), High Court of Justice (England & Wales)