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    Willmont & ors v Shlosberg [2017] EWHC 2446 (Ch), Arnold J, 9 October 2017
    2018-01-23

    The Facts

    The latest decision in the Shlosberg saga that has turned the issue of privilege and use of documents on its head - this time considering the practical implications of how office holders can use information they have obtained by compulsion for the purposes of their investigations.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Legal Practice, Litigation, Ashfords LLP, High Court of Justice
    Authors:
    Connor Pierce
    Location:
    United Kingdom
    Firm:
    Ashfords LLP
    Gunel Bakhshiyeva (in her capacity as the Foreign Representative of The OJSC International Bank Of Azerbaijan) v Sberbank Of Russia & 6 Ors [2018] EWHC 59 (Ch)
    2018-01-31

    The High Court held that a moratorium in relation to restructuring proceedings in Azerbaijan could not be extended in breach of the Gibbs rule, allowing two significant creditors to proceed with their claims in the English Courts.

    Filed under:
    United Kingdom, Banking, Insolvency & Restructuring, Litigation, Ashfords LLP, High Court of Justice
    Authors:
    Olivia Bridger
    Location:
    United Kingdom
    Firm:
    Ashfords LLP
    Ball (liquidator of PV Solar Solutions Ltd) and another -v- Hughes and another [2017] EWHC 3228 (Ch)
    2018-02-16

    The Facts

    PV Solar Solutions Ltd (the "Company") supplied and installed solar panels. When the government reduced preferential tariffs, the Company's profits were affected and it entered Administration in May 2013. The Company subsequently entered into voluntary Liquidation in November 2014.

    Filed under:
    United Kingdom, Company & Commercial, Insolvency & Restructuring, Litigation, Ashfords LLP, Companies Act 2006 (UK), HM Revenue and Customs (UK), High Court of Justice
    Authors:
    Cathryn Kozlowski , Connor Pierce
    Location:
    United Kingdom
    Firm:
    Ashfords LLP
    Re Capital Funding One Ltd [2017] EWHC 3567 (Ch)
    2018-02-16

    Capital Funding One Limited (the "Company") arranged short term bridging finance for borrowers who were unable to obtain loans from more conventional sources. The funding for these loans were obtained from King Street Bridging Limited ("King Street").

    Filed under:
    United Kingdom, Company & Commercial, Insolvency & Restructuring, Litigation, Ashfords LLP, High Court of Justice
    Authors:
    Connor Pierce
    Location:
    United Kingdom
    Firm:
    Ashfords LLP
    You have the right to adjudicate at any time… unless the referring party is in liquidation!
    2018-08-23

    It is common knowledge to many that parties to a construction contract have the right to adjudicate at any time. This is a right implied by statute and a right that cannot be fettered. However, it seems the limits of such a right are now somewhat more nuanced. In the recent case of Michael J. Lonsdale (Electrical) Limited v Bresco Electrical Services Limited (in Liquidation) [2018] EWHC 2043 Fraser J has considered how the Insolvency Rules and Adjudication work together and what this means for the right to adjudicate at any time.

    Filed under:
    United Kingdom, Construction, Insolvency & Restructuring, Litigation, Ashfords LLP, Construction contracts, High Court of Justice
    Authors:
    Lianne Edwards
    Location:
    United Kingdom
    Firm:
    Ashfords LLP
    Marme Inversiones 2007 S.L. v The Royal Bank of Scotland et al [2016] EWHC 1570 (Comm)
    2016-07-08

    The UK Commercial Court has dismissed the Claimant's application for a stay under Article 28 of the Judgments Regulation.

    Filed under:
    United Kingdom, Banking, Insolvency & Restructuring, Litigation, Ashfords LLP, Commercial property, Interest, Swap (finance), Liquidation, Cashflow, Default (finance), Exclusive jurisdiction, Stay of execution, The Royal Bank of Scotland, High Court of Justice
    Authors:
    Emma Clayton
    Location:
    United Kingdom
    Firm:
    Ashfords LLP
    Harriet Lock -v- Aylesbury Vale District Council [2018] EWHC 2015 (Ch)
    2018-09-28

    The Facts

    Following a statutory demand for unpaid council tax in the sum of £8,067, a bankruptcy petition was presented against Ms Harriet Lock. The council provided Ms Lock with evidence of the council tax liability orders confirming the debt. Ms Lock provided evidence in response, which explained that she was living in social housing and was financially dependent on her daughter. At a first hearing, the court adjourned and ordered that Ms Lock provide a skeleton argument to explain why a bankruptcy order should not be made.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Ashfords LLP, Bankruptcy, Insolvency Act 1986 (UK), High Court of Justice
    Authors:
    Cathryn Butler
    Location:
    United Kingdom
    Firm:
    Ashfords LLP
    SHB Realisations Limited (in Liquidation [2018] EWHC 402 (Ch)
    2018-09-28

    The Facts

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Ashfords LLP, High Court of Justice
    Authors:
    Connor Pierce
    Location:
    United Kingdom
    Firm:
    Ashfords LLP
    Misfeasance, limitation and set off
    2018-03-09

    Directors against whom claims for a misfeasance have been intimated often turn to limitation and set off in defence of a request for the repayment or restoration of the relevant sums or property.

    Misfeasance and limitation

    Filed under:
    United Kingdom, Company & Commercial, Insolvency & Restructuring, Litigation, Ashfords LLP, Insolvency Act 1986 (UK), High Court of Justice
    Authors:
    Katie Farmer
    Location:
    United Kingdom
    Firm:
    Ashfords LLP
    Toone v Robbins [2018] EWHC 569
    2018-06-01

    The Facts

    This was an appeal of a decision of Chief Registrar Baister.

    Dean and Richard Robbins were directors of a company which entered Creditors Voluntary Liquidation in February 2011. Dean Robbins was the sole shareholder. It appears that the Company had somewhat basic accounting practices and did not keep detailed books and records. It transpired that, prior to entering Liquidation, the Company had paid substantial sums to the Directors in various instalments, which the Liquidators sought to recover under three separate claims.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Ashfords LLP, Liquidation, High Court of Justice
    Authors:
    Connor Pierce
    Location:
    United Kingdom
    Firm:
    Ashfords LLP

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