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Philip Stephen Wallace (as Liquidator of Carna Meats (UK) Limited) v George Wallace

The power to require the production of documents and information under s.236(3) of the Insolvency Act 1986 was a standalone power, separate from the power to require attendance under s.236(2) and was not territorial in nature.

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Singularis Holdings Ltd (in Official Liquidation) v Daiwa Capital Markets Europe Ltd (2019)

The Supreme Court has handed down its judgment in favour of Singularis, finding that investment bank Daiwa had breached their Quincecare duty of care to the company.

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Cross Border Insolvency Update - October 2019

October 2019

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Ashfords, CVR Global and Joe Curl of 9 Stone Buildings win a landmark judgment on tax avoidance...

Between 2000 and 2015, the upper echelons of society forgot the wise words of 19th century US Supreme Court Justice, Oliver Wendall Holmes, that “I hate paying taxes, but I love the civilisation it gives me”, depriving society of essential revenues by entering into so called tax ‘efficient’ or ‘avoidance’ schemes and on an industrial scale.

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In the Matter of Halifax Investment Services Pty Ltd (in liquidation) (No 5) [2019] FCA 1341

The Federal Court of Australia considered that it could make a request to the New Zealand High Court that there be a joint hearing in respect of applications relating to the pooling of funds held by companies in liquidation in each of Australia and New Zealand.

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AWH Fund Ltd (In Compulsory Liquidation) v ZCM Asset Holding Company (Bermuda) Ltd (Bahamas)

The Privy Council held that a Liquidator could pursue a recipient of $13m as a preference outside of the jurisdiction, some 17 years after the company went into Liquidation.

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Ashfords LLP announces two promotions in its London office

Law firm, Ashfords LLP has promoted two new Associates in its Construction and Infrastructure and Restructuring and Insolvency law client teams in its London office.

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Cross Border Insolvency Update - August 2019

August 2019

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Beveridge & Anor v Quinlan & Ors [2019] EWHC 1411 (Ch)

Snowden J granted an application by Receivers for post-judgment injunctive relief to give effect to an earlier Order that funds due to creditors from a Spanish insolvency should be paid to the Receivers rather than the Lenders.

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Skandinaviska Enskilda Banken AB v Conway & Anor (as Joint Official Liquidators of Weavering...

The Privy Council upheld decisions of the Cayman Islands Grand Court and Court of Appeal that share redemption payments received by the appellant Swedish Bank were voidable preferences.

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