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Company Law

Analysis - guidance - compliance

18 JUN 2014

RE CHRISTOPHORUS 3 LIMITED

RE CHRISTOPHORUS 3 LIMITED
Chancery Division
Henderson J
15 April 2014

HENDERSON J:
Introduction
[1] On 23 January 2014 I heard an urgent application by the directors of a company called Christophorus 3 Limited (“the Company”) for the following relief:
(a) an administration order in respect of the Company pursuant to paragraph 12(1)(b) of Schedule B1 to the Insolvency Act 1986 (“the 1986 Act”) and the appointment of Peter Spratt and Russell Downs of PricewaterhouseCoopers LLP (“the Proposed Administrators”) as administrators; and
(b) an order granting the Proposed Administrators liberty (as agents for the Company) to enter into an immediate “pre-pack” agreement for the sale and purchase of all the Company’s assets (“the SPA”) with a company incorporated in Luxembourg called Auto-Teile-Unger Luxembourg S.à.r.l (“ATU Luxembourg”).

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