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    Durkan & Anor v Jones (Re Nicholas Mark Jones)
    2023-06-19

    The question for the court in Durkan & Anor v Jones (Re Nicholas Mark Jones) [2023] EWHC 1359 (Ch) was whether it had jurisdiction to make a bankruptcy order.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Tax, Wedlake Bell, Barclays, HM Revenue and Customs (UK), Insolvency Act 1986 (UK), International Criminal Court
    Authors:
    Frances Coulson
    Location:
    United Kingdom
    Firm:
    Wedlake Bell
    Official Receiver v Kelly
    2023-06-13

    Official Receiver v Kelly (Re Walmley Ash Ltd and Company Directors Disqualification Act 1986) [2023] EWHC 1181 (Ch) deals with an application for a disqualification order under s 6 Company Directors Disqualification Act 1986 against Andrew John Kelly arising out of his conduct as a director of Walmsley Ash Ltd which was wound up by the court on an HMRC petition in 2017. The conduct relied on was that:

    Filed under:
    United Kingdom, Company & Commercial, Insolvency & Restructuring, Litigation, Tax, Wedlake Bell, Supply chain, Due diligence, HM Revenue and Customs (UK)
    Authors:
    Edward Saunders
    Location:
    United Kingdom
    Firm:
    Wedlake Bell
    City Gardens Ltd v DOK82 Ltd
    2023-05-25

    City Gardens Ltd v DOK82 Ltd [2023] EWHC 1149 (Ch) was a successful appeal against the decision of the district judge below to dismiss a winding up petition on several bases: first that the court had no jurisdiction to make an order because arrangements between the parties were subject to an exclusive jurisdiction clause, secondly because they provided for the application of Hong Kong law rather than English law, thirdly by reason of disputes regarding certain other contractual terms, and finally by reason of an issue as to whether the company had a viable cross claim.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Wedlake Bell, Liquidation
    Authors:
    Edward Saunders
    Location:
    United Kingdom
    Firm:
    Wedlake Bell
    Re Great Annual Savings Ltd
    2023-05-18

    The judgment of Adam Johnson J in Re Great Annual Savings Company Ltd, (Re Companies Act 2006) [2023] EWHC 1141 (Ch) demonstrates again the rigorous approach the courts are taking in relation to the fulfilment of the conditions required to “cram down” dissenting creditors in restructuring plans as well as in the exercise of the court’s discretion to sanction them.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Tax, Wedlake Bell, HM Revenue and Customs (UK)
    Authors:
    Robert Paterson
    Location:
    United Kingdom
    Firm:
    Wedlake Bell
    Re James Court Ltd
    2023-05-15

    A claim under s 127 is restitutionary (see Hollicourt (Contracts) Ltd v Bank of Ireland and Ahmed v Ingram), and in a case involving the payment of money is for unjust enrichment (see Officeserve Technologies Ltd v Annabel’s (Berkeley Square) Ltd).

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Wedlake Bell, Liquidation
    Authors:
    Frances Coulson
    Location:
    United Kingdom
    Firm:
    Wedlake Bell
    Nasmyth Group Ltd
    2023-05-10

    Re Nasmyth Group Ltd (Re Companies Act 2006) [2023] EWHC 988 (Ch) sets out Leech J’s reasons for refusing to sanction a Part 26A restructuring plan.

    The company acted as the holding company of engineering subsidiaries in the UK and elsewhere and provided administrative and treasury functions to the rest of the group.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Tax, Wedlake Bell, HM Revenue and Customs (UK)
    Authors:
    Ian Rees
    Location:
    United Kingdom
    Firm:
    Wedlake Bell
    Hunt v Ubhi
    2023-04-25

    The judgment of the Court of Appeal (Newey, Males and Snowden LLJ) in Hunt v Ubhi [2023] EWCA Civ 417 demonstrates the importance of the adequacy of any undertaking in damages given in support of an application for a freezing order and underlines the need for full and frank disclosure.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Tax, Wedlake Bell, Insolvency, HM Revenue and Customs (UK)
    Authors:
    Frances Coulson
    Location:
    United Kingdom
    Firm:
    Wedlake Bell
    Central Properties Holdings Ltd
    2023-04-18

    There are many cases about the appointment of administrators, not so many about terminating their appointment. Re Central Properties Holdings Ltd (In Administration) [2023] EWHC 829 (Ch) is one.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Wedlake Bell, Company voluntary arrangement, Insolvency Act 1986 (UK)
    Authors:
    Sam Fenwick
    Location:
    United Kingdom
    Firm:
    Wedlake Bell
    Mehers v Khilji
    2023-03-22

    Mehers v Khilji [2023] EWHC 298 (Ch) is an interesting case about the bankruptcy “use it or lose it” provision enshrined in s 283A Insolvency Act 1986. The provision gives a trustee in bankruptcy three years to decide what, if anything, to do about an interest in a property which is the home of the bankrupt, the bankrupt’s spouse or civil partner, or a former spouse or civil partner of the bankrupt and which forms part of the bankrupt’s estate.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Wedlake Bell
    Authors:
    Frances Coulson , Sarah May
    Location:
    United Kingdom
    Firm:
    Wedlake Bell
    Allen v Derev & Anor
    2023-03-20

    In spite of its cross-border dimension, the subject matter and result of the hearing giving rise to the judgment in Re Khadzhi-Murat Derev (in Bankruptcy); Allen v Derev & Anor [2023] EWHC 387 (Ch) are conventional.

    Filed under:
    United Kingdom, England & Wales, Insolvency & Restructuring, Litigation, Wedlake Bell, Insolvency, Cross-Border Insolvency Regulations 2006 (UK)
    Authors:
    Kirk Camrass
    Location:
    United Kingdom
    Firm:
    Wedlake Bell

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