Mourant & Co Trustees Limited, Mourant Property Trustees Limited v Sixty UK Limited, Peter Hollis, Nicholas O'Reilly (in their capacity as joint supervisors of Sixty UK Ltd)
Mourant & Co Trustees Limited, Mourant Property Trustees Limited v Sixty UK Limited, Peter Hollis, Nicholas O'Reilly (in their capacity as joint supervisors of Sixty UK Ltd)
- 2010
[2010] EWHC 1890 (Ch), 23 July 2010. Challenges the use of company voluntary arrangements (CVAs) by tenant companies following the Powerhouse case (see L138112) to deprive landlords of the benefit of third party guarantees of tenants' liabilities. Held: The CVA imposed on the landlords (M) unfairly prejudiced their interests and must be set aside. Respondent S's joint administrators had sided with S instead of being impartial.
MOURANT & CO LTD V SIXTY UK LTD (IN ADMINISTRATION)
PRUDENTIAL ASSURANCE CO LTD AND OTHERS V PRG POWERHOUSE LTD AND OTHERS
SISU CAPITAL FUND LTD V TUCKER
RE T & N LTD
RE A DEBTOR (NO 101 OF 1999)
RE ENGLISH, SCOTTISH AND AUSTRALIAN BANK
INSOLVENCY ACT 1986 S6
England and Wales--1543-
[2010] EWHC 1890 (Ch), 23 July 2010. Challenges the use of company voluntary arrangements (CVAs) by tenant companies following the Powerhouse case (see L138112) to deprive landlords of the benefit of third party guarantees of tenants' liabilities. Held: The CVA imposed on the landlords (M) unfairly prejudiced their interests and must be set aside. Respondent S's joint administrators had sided with S instead of being impartial.
MOURANT & CO LTD V SIXTY UK LTD (IN ADMINISTRATION)
PRUDENTIAL ASSURANCE CO LTD AND OTHERS V PRG POWERHOUSE LTD AND OTHERS
SISU CAPITAL FUND LTD V TUCKER
RE T & N LTD
RE A DEBTOR (NO 101 OF 1999)
RE ENGLISH, SCOTTISH AND AUSTRALIAN BANK
INSOLVENCY ACT 1986 S6
England and Wales--1543-