A liquidator’s cross-undertaking in damages may be limited to the net proceeds of the liquidation where he has no significant assets under his control apart from the unsatisfied judgment debt.
Judges:
Millett J
Citations:
[1989] 1 WLR 778
Cited by:
Cited – Franses v Al Assad and others ChD 26-Oct-2007
The claimant had obtained a freezing order over the proceeds of sale of a property held by solicitors. The claimant was liquidator of a company, and an allegation of wrongful trading had been made against the sole director and defendant. The . .
Lists of cited by and citing cases may be incomplete.
Litigation Practice
Updated: 01 May 2022; Ref: scu.260076
