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Carreras Rothmans Ltd v Freeman Mathews Treasure Ltd: 1985

Peter Gibson J said: ‘where the effect of a contract is that an asset which is actually owned by a company at the commencement of its liquidation would be dealt with in a way other than in accordance with [the statutory pari passu rule] . . then to that extent the contract as a matter of public policy is avoided.’

Judges:

Peter Gibson J

Citations:

[1985] Ch 207, [1985] 1 All ER 155, [1984] 3 WLR 1016

Cited by:

CitedBelmont Park Investments Pty Ltd v BNY Corporate Trustee Services Ltd and Another SC 27-Jul-2011
Complex financial instruments insured the indebtedness of Lehman Brothers. On that company’s insolvency a claim was made. It was said that provisions in the documents offended the rule against the anti-deprivation rule. The courts below had upheld . .
Lists of cited by and citing cases may be incomplete.

Insolvency, Contract

Updated: 15 May 2022; Ref: scu.442609

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