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Liquidator`s agreement champertous

Language: English Series: Times ; 14 October 1996, 42(1)Publication details: 1996Subject(s): Summary: "Ward v Aitken and others, In re Oasis Merchandising Services Ltd" CA 9 October 1996. An agreement between the liquidators of an insolvent company and a third party to share fruit of claims against former directors was champertous and void, since it was not a sale of property of the company.

"Ward v Aitken and others, In re Oasis Merchandising Services Ltd" CA 9 October 1996. An agreement between the liquidators of an insolvent company and a third party to share fruit of claims against former directors was champertous and void, since it was not a sale of property of the company.