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Directors did not breach fiduciary duty in relation to insolvent company's participation in failed tax avoidance scheme
2022-06-01

In Stephen John Hunt (Liquidator of Marylebone Warwick Balfour Management Ltd) v Richard Balfour-Lynn and others [2022] EWHC 784 (Ch), the High Court decided that the directors of a company which went into liquidation after participating in an ineffective tax avoidance scheme did not breach their fiduciary duties and payments made pursuant to the scheme were not transactions defrauding creditors.

Background

Filed under:
United Kingdom, Insolvency & Restructuring, Litigation, Tax, RPC, HM Revenue and Customs (UK)
Authors:
Rebekka Sandwell
Location:
United Kingdom
Firm:
RPC
View Original Article
Directors did not breach fiduciary duty in relation to insolvent company's participation in failed tax avoidance scheme
2022-06-01

In Stephen John Hunt (Liquidator of Marylebone Warwick Balfour Management Ltd) v Richard Balfour-Lynn and others [2022] EWHC 784 (Ch), the High Court decided that the directors of a company which went into liquidation after participating in an ineffective tax avoidance scheme did not breach their fiduciary duties and payments made pursuant to the scheme were not transactions defrauding creditors.

Background

Filed under:
United Kingdom, Insolvency & Restructuring, Litigation, Tax, RPC, HM Revenue and Customs (UK)
Authors:
Rebekka Sandwell
Location:
United Kingdom
Firm:
RPC
View Original Article
Directors did not breach fiduciary duty in relation to insolvent company's participation in failed tax avoidance scheme
2022-06-01

In Stephen John Hunt (Liquidator of Marylebone Warwick Balfour Management Ltd) v Richard Balfour-Lynn and others [2022] EWHC 784 (Ch), the High Court decided that the directors of a company which went into liquidation after participating in an ineffective tax avoidance scheme did not breach their fiduciary duties and payments made pursuant to the scheme were not transactions defrauding creditors.

Background

Filed under:
United Kingdom, Insolvency & Restructuring, Litigation, Tax, RPC, HM Revenue and Customs (UK)
Authors:
Rebekka Sandwell
Location:
United Kingdom
Firm:
RPC
View Original Article
Directors did not breach fiduciary duty in relation to insolvent company's participation in failed tax avoidance scheme
2022-06-01

In Stephen John Hunt (Liquidator of Marylebone Warwick Balfour Management Ltd) v Richard Balfour-Lynn and others [2022] EWHC 784 (Ch), the High Court decided that the directors of a company which went into liquidation after participating in an ineffective tax avoidance scheme did not breach their fiduciary duties and payments made pursuant to the scheme were not transactions defrauding creditors.

Background

Filed under:
United Kingdom, Insolvency & Restructuring, Litigation, Tax, RPC, HM Revenue and Customs (UK)
Authors:
Rebekka Sandwell
Location:
United Kingdom
Firm:
RPC
View Original Article
Directors did not breach fiduciary duty in relation to insolvent company's participation in failed tax avoidance scheme
2022-06-01

In Stephen John Hunt (Liquidator of Marylebone Warwick Balfour Management Ltd) v Richard Balfour-Lynn and others [2022] EWHC 784 (Ch), the High Court decided that the directors of a company which went into liquidation after participating in an ineffective tax avoidance scheme did not breach their fiduciary duties and payments made pursuant to the scheme were not transactions defrauding creditors.

Background

Filed under:
United Kingdom, Insolvency & Restructuring, Litigation, Tax, RPC, HM Revenue and Customs (UK)
Authors:
Rebekka Sandwell
Location:
United Kingdom
Firm:
RPC
View Original Article
Directors did not breach fiduciary duty in relation to insolvent company's participation in failed tax avoidance scheme
2022-06-01

In Stephen John Hunt (Liquidator of Marylebone Warwick Balfour Management Ltd) v Richard Balfour-Lynn and others [2022] EWHC 784 (Ch), the High Court decided that the directors of a company which went into liquidation after participating in an ineffective tax avoidance scheme did not breach their fiduciary duties and payments made pursuant to the scheme were not transactions defrauding creditors.

Background

Filed under:
United Kingdom, Insolvency & Restructuring, Litigation, Tax, RPC, HM Revenue and Customs (UK)
Authors:
Rebekka Sandwell
Location:
United Kingdom
Firm:
RPC
View Original Article
Directors did not breach fiduciary duty in relation to insolvent company's participation in failed tax avoidance scheme
2022-06-01

In Stephen John Hunt (Liquidator of Marylebone Warwick Balfour Management Ltd) v Richard Balfour-Lynn and others [2022] EWHC 784 (Ch), the High Court decided that the directors of a company which went into liquidation after participating in an ineffective tax avoidance scheme did not breach their fiduciary duties and payments made pursuant to the scheme were not transactions defrauding creditors.

Background

Filed under:
United Kingdom, Insolvency & Restructuring, Litigation, Tax, RPC, HM Revenue and Customs (UK)
Authors:
Rebekka Sandwell
Location:
United Kingdom
Firm:
RPC
View Original Article
Directors did not breach fiduciary duty in relation to insolvent company's participation in failed tax avoidance scheme
2022-06-01

In Stephen John Hunt (Liquidator of Marylebone Warwick Balfour Management Ltd) v Richard Balfour-Lynn and others [2022] EWHC 784 (Ch), the High Court decided that the directors of a company which went into liquidation after participating in an ineffective tax avoidance scheme did not breach their fiduciary duties and payments made pursuant to the scheme were not transactions defrauding creditors.

Background

Filed under:
United Kingdom, Insolvency & Restructuring, Litigation, Tax, RPC, HM Revenue and Customs (UK)
Authors:
Rebekka Sandwell
Location:
United Kingdom
Firm:
RPC
View Original Article
Directors did not breach fiduciary duty in relation to insolvent company's participation in failed tax avoidance scheme
2022-06-01

In Stephen John Hunt (Liquidator of Marylebone Warwick Balfour Management Ltd) v Richard Balfour-Lynn and others [2022] EWHC 784 (Ch), the High Court decided that the directors of a company which went into liquidation after participating in an ineffective tax avoidance scheme did not breach their fiduciary duties and payments made pursuant to the scheme were not transactions defrauding creditors.

Background

Filed under:
United Kingdom, Insolvency & Restructuring, Litigation, Tax, RPC, HM Revenue and Customs (UK)
Authors:
Rebekka Sandwell
Location:
United Kingdom
Firm:
RPC
View Original Article
Directors did not breach fiduciary duty in relation to insolvent company's participation in failed tax avoidance scheme
2022-06-01

In Stephen John Hunt (Liquidator of Marylebone Warwick Balfour Management Ltd) v Richard Balfour-Lynn and others [2022] EWHC 784 (Ch), the High Court decided that the directors of a company which went into liquidation after participating in an ineffective tax avoidance scheme did not breach their fiduciary duties and payments made pursuant to the scheme were not transactions defrauding creditors.

Background

Filed under:
United Kingdom, Insolvency & Restructuring, Litigation, Tax, RPC, HM Revenue and Customs (UK)
Authors:
Rebekka Sandwell
Location:
United Kingdom
Firm:
RPC
View Original Article

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