Sales LJ said: validation will ordinarily only be granted ‘if there is some special circumstance which shows that the disposition in question … has been … for the benefit of the general body of unsecured creditors’.
Judges:
Sir Terence Etherton Ch, Patten, Sales LJJ
Citations:
[2016] EWCA Civ 765
Links:
Statutes:
Jurisdiction:
England and Wales
Cited by:
Cited – Akers and Others v Samba Financial Group SC 1-Feb-2017
Saad Investments was a Cayman Islands company in liquidation. The liquidator brought an action here, but the defendant sought a stay saying that another forum was clearly more appropriate. Shares in Saudi banks were said to be held in trust for the . .
Lists of cited by and citing cases may be incomplete.
Insolvency
Updated: 18 July 2022; Ref: scu.567262