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The Secretary of State for Business, Energy and Industrial Strategy v PAG Asset Preservation Ltd: CA 31 Jul 2020

Whether companies operating a scheme to enable property owners to avoid liability for national non-domestic rates (‘NNDR’ or ‘business rates’) in respect of unoccupied commercial properties, in the form of what is referred to in the judgment below as ‘Scheme 3’, should be wound up on public interest grounds because it is said that their business model ‘lacks commercial probity in their operation of Scheme Three which misuses and/or abuses and/or subverts the insolvency legislation and process’.
[2020] EWCA Civ 1017
Bailii
England and Wales

Updated: 20 September 2021; Ref: scu.652902 br>

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