In May 2019 the liquidator of Marylebone Warwick Balfour Management Limited (“MWBM”) commenced proceedings against seven former directors in relation to their operation of a complex tax avoidance scheme. MWBM had paid over £54 m to its senior management via
More about Hunt v Singh AppealThe Quincecare duty has engaged the Supreme Court three times in the last six years. In Philipp v Barclays, the issue was whether the duty could extend beyond what has been referred to as the ‘internal fraud paradigm’ or the role
More about Quincecare Duty Redefined – Philipp v Barclays Bank UK PLC [2023] Uksc 25King v Bar Mutual Indemnity Fund [2023] EWHC 1408 (Ch) deals with a number of bases on which Susan King, James King and Anthony King each applied to set aside statutory demands for £219,700.00 made by the Bar Mutual Indemnity
More about King v Bar Mutual Indemnity FundThe application in Re Smile Telecoms Holdings Ltd [2022] EWHC 740 (Ch) deals with a number of questions: what constitutes a “compromise or arrangement” for the purpose of Part 26A Companies Act 2006; the effect of an order made at
More about Smile telecoms holdings Ltd [2022] EWHC 740 (Ch) out of the money creditors exclusion.HRH Prince Hussam Bin Saud Bin Abdulaziz Al Saud v Mobile Telecommunications Company Kscp [2022] EWHC 744 (Ch) deals with service of a bankruptcy petition out of the jurisdiction. The petitioning creditor had been awarded US$817 million in arbitration proceedings. Costs
More about Service Of Petition Out Of The Jurisdiction HRH Prince Hussam Bin Saud Bin Abdulaziz Al Saud v Mobile Telecommunications Company Kscp [2022] EWHC 744 (ch)Manolete Partners Plc v Smith & Ors [2022] EWHC 364 (Ch)- In 2019, the FCA presented a winding-up petition against Allied Wallet Ltd (AWL) under s. 367 Financial Services and Markets Act 2000 and applied for the appointment of provisional
More about Manolete Partners PLC v Smith & Ors [2022] EWHC 364 (ch)Wedlake Bell act for the Liquidators in this ongoing liquidation commenced by HMRC after over £36 million of VAT PAYE and National Insurance were diverted away from the company by its de facto director, a Mr Usman Raja to himself,
More about Umbrella Care Ltd v Nisa & Ors [2022] EWHC 86 (ch) – Summary Judgement In Insolvency Fraud CasesFreezing orders (indeed injunctions of all kinds) are an important tool in litigation, so a judgment of the Privy Council on the subject is worthy of attention, especially when it involves consideration of the subject by a Board of seven
More about Broad Idea International Ltd v Convoy Collateral Ltd (british Virgin Island) [2021] Ukpc 24 – No Substantive Proceedings Required For Freezing Order