The administrators challenged the validity of a charge which appeared to have been given by the company to secure the purchase of shares in the company. Held: The loan itself did not amount to assistance, but the charge did. It was indirect financial assistance. The company officers had not complied with the necessary whitewash procedures … Continue reading Harlow and Another v Loveday and Another; In re Hill and Tyler Ltd (in administration): ChD 28 May 2004