CVAs: High Court strikes down "guarantee-stripping" arrangement

Resource type: Legal update: case report

Status: Published on 29-Jul-2010

Jurisdictions: England, Wales

An update on the High Court’s decision in Mourant & Co Trustees Ltd and another v Sixty UK Limited (in administration) and others [2010] EWHC 1890 (Ch), which considered whether a creditors' voluntary arrangement unfairly prejudiced the landlords of an insolvent company, within the meaning of section 6(1)(a) of the Insolvency Act 1986.

PLC Finance

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  • Resource ID: 1-502-9069
  • Published: 29-Jul-2010
  • Products:  PLC UK Finance, PLC UK Property, PLC UK Restructuring and Insolvency
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