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Article

MacRoberts LLP | United Kingdom | 13 Dec 2013

Liquidators of Scottish Coal Company can't walk away

Appeal Judges in the Court of Session yesterday issued a decision directing that the liquidators of Scottish Coal Company (SCC) cannot abandon sites

Article

MacRoberts LLP | United Kingdom | 15 Jun 2011

Echelon 2 - guidance on reduction of liquidators remuneration

As reported in our recent e-update on the case of Echelon Wealth Management Limited (in liquidation), Lord Glennie has determined that liquidators who are removed from office have no right to retain assets as security for remuneration and costs.

Article

MacRoberts LLP | United Kingdom | 9 Jun 2011

Echelon Part 1 - no right of retention for former liquidators

In a recent case in relation to the liquidation of Echelon Wealth Management Limited ("E"), Lord Glennie has decided that upon removal as liquidator, a former liquidator may not retain from the assets of the liquidated company any sum as security for costs.

Article

MacRoberts LLP | United Kingdom | 11 May 2011

Compromising claims in liquidations without the consent of all creditors

In the recent English Court of Appeal case of Rubin v Coote, the court allowed a liquidator to settle litigation without having obtained the agreement of all creditors to the compromise.

Article

MacRoberts LLP | United Kingdom | 26 Jan 2011

Reporters not required in all liquidations

In a decision that demonstrates a considerable degree of common sense, Lord Glennie has confirmed that in certain liquidations one can dispense with the usual requirement for a Reporter to be appointed to consider a liquidator's accounts.

Article

MacRoberts LLP | United Kingdom | 20 Jan 2010

Administrators paying rent

A commercial landlord should never assume that, if his tenant goes into administration or liquidation, he will not be able to obtain rent from the administrator or liquidator in respect of the period following appointment of the administrator or liquidator.

Article

MacRoberts LLP | United Kingdom | 8 Oct 2009

Farepak in BDO we trust

Some of the customers of Farepak, the failed Christmas hamper company that went into liquidation with BDO Stoy Hayward some three years ago, will apparently soon receive their first dividend cheques out of the insolvency.

Article

MacRoberts LLP | United Kingdom | 7 Oct 2009

Breach of fiduciary duty by not paying VAT

The High Court in England has made an interesting decision in the case of ED Games Limited.

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