Continue reading "Administrators: Are you sitting comfortably?"
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Administrators: Are you sitting comfortably?
David Marsden assesses a recent High Court case concerning financial prejudice suffered by administrators and forfeiture ‘Even if some prejudice is suffered by the administrators, it may not be enough to impede the purpose of the administration.’ The recent case of Lazari Investments Ltd v Saville [2015] states for the first time that financial prejudice …
Cases Referenced
Cases in bold have further reading - click to view related articles.
- Lazari GP Ltd & anor v Jervis & ors [2012] EWHC 1466 (Ch)
- Lazari Investments Ltd v Saville & ors [2015] EWHC 2590 (Ch)
- Pillar Denton Ltd & ors v Jervis & ors [2014] EWCA Civ 180
- Re Atlantic Computer Systems plc [1990] EWCA Civ 20