000			01319cab a2200229 4500
001			ABS57011
008			090401t1997 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u78552
041			_aeng
245			_aJohnson and another v Davies and another
260			_c1997
350			_a0
490			_aEstates Gazette _v[1997] 19 EG 157-160(4)
520			_aChD 5 December 1996. The plaintiffs (P) were principal shareholders in a company. P were sureties under a lease of commercial premises. P sold their shares to the 2 defendants and Mr Hopkins (H) and ceased to have any connection with the company. The company having failed to pay the rent, P satisfied the landlord`s claim, but sought reimbursement from the defendant`s under the terms of the the indemnification obligation in the share sale agreement. H entered into an insolvency voluntary agreement (IVA) which P voted in favour of. The defendant`s contended that by the IVA entered into by H they were released from their obligation to indemnify the P`s for any sums paid to the landlord. Judgement for the plaintiffs.
650			_aINDEMNITY
650			_aINSOLVENCY VOLUNTARY ARRANGEMENT
650			_aSHARE SALE AGREEMENT
650			_aSURETIES
690			_aLANDLORD AND TENANT-CASE LAW-BUSINESS TENANCIES
942			_n0
948			_c27/05/1997
999			_c49411 _d49411