In Re SCL Group Ltd (& others) [2019] EWHC 954 (Ch), the High Court considered a range of allegations concerning the administrators to the Cambridge Analytica group and whether they should be appointed as liquidators following a failed sale process.
Central to the case were allegations of misconduct and potential bias against a particular creditor. The claims were rejected. But, the case contains useful observations about the role of administrators and their duties:
Cambridge Analytica, the data analytics firm at the centre of the Facebook data scandal, is closing its doors and commencing insolvency proceedings. The company has been unable to recover from the bad press coverage and large legal fees in dealing with the aftermath of the Facebook data breach allegations.
Cambridge Analytica, the data analytics firm at the centre of the Facebook data scandal, is closing its doors and commencing insolvency proceedings. The company has been unable to recover from the bad press coverage and large legal fees in dealing with the aftermath of the Facebook data breach allegations.