Our website is set to allow the use of cookies. For more information and to change settings click here. If you are happy with cookies please click "Continue" or simply continue browsing. Continue.

Company Law

Analysis - guidance - compliance

17 JUL 2014


Chancery Division
Rose J
22 May 2014
[1] The Claimant company (‘Goldtrail’) was a holiday tour operator specialising in flights and holidays to Turkey. In 2009 it was seeking to expand its activities to include flights and holidays in Greece. It had operated successfully for about 15 years and by 2008/2009 it appeared to be a prosperous and growing company. Goldtrail did not own or operate an airline itself but bought seats from various airlines to carry its customers. It had an air travel operator’s licence granted by the United Kingdom Civil Aviation Authority (‘the UK CAA’) entitling it to carry over 200,000 passengers. On 16 July 2010, however, Goldtrail was put into administration by its sole director and the owner of 100 per cent of its shares, Mr Abdulkadir Aydin, the First Defendant (known as Kadir). Thousands of Goldtrail customers were stranded overseas and the UK CAA had to deploy monies from the Air Travel Trust to repatriate those customers. As a result, that Trust is Goldtrail’s main creditor and is owed over £20 million by Goldtrail.

Gore-Browne on Companies

Gore-Browne on Companies

The pre-eminent source for interpreting and applying company legislation

More Info £1,476.00
Available in Company Law Online

Data Protection

The New Rules

Is a complete guide to the current and new data protection rules, and is based on the final...

More Info from £69.00
Available in Company Law Online
Subscribe to our newsletters