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Validity of administrator's appointment questioned

United Kingdom - December 13 2013 The applicants in Closegate Hotel Development (Durham) Limited & Anor v McLean & Ors [2013] EWHC 3237 (Ch) were companies that had borrowed money…

David Perry, Laura O'Gorman, Michael Dineen, Scott Barker, Willie Palmer.

Ability of foreign liquidators to require production of documents considered by Bermuda CA

Bermuda, United Kingdom - December 13 2013 PricewaterhouseCoopers (PwC) v Saad Investments Company Limited (SICL) and Singularis Holdings Ltd (SHL)involved an application by PwC for the…

David Perry, Laura O'Gorman, Michael Dineen, Scott Barker, Willie Palmer.

Personal liability to liquidators for failure to account for GST refund after default on property purchase

New Zealand - December 13 2013 Rowmata Holdings Limited (in liquidation) (RHL) & Anor v Hildred & Ors [2013] NZHC 2435 involved a sale and purchase agreement whereby land was…

David Perry, Laura O'Gorman, Michael Dineen, Scott Barker, Willie Palmer.

Creditor's resolution to appoint alternative liquidator set aside for prejudice

New Zealand - December 13 2013 In our December 2012 insolvency update we reported on CP Asset Management Ltd v Grant, in which the High Court upheld a creditors' resolution to…

David Perry, Laura O'Gorman, Michael Dineen, Scott Barker, Willie Palmer.

Liquidators obtain summary judgment for breach of director's duty

New Zealand - December 13 2013 In Fisk v Fawcet [2013] NZHC 2811 the liquidators of Luxta Limited sought summary judgment against Luxta's director, Mr Fawcet, for breach of his…

David Perry, Laura O'Gorman, Michael Dineen, Scott Barker, Willie Palmer.