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(Chancery Division, Hildyard J, 14 May 2012)
A bank retained CMS Cameron McKenna (Camerons) to consider appointing administrative receivers to Edenwest Ltd, a company in substantial financial difficulty but with potential professional negligence claims against its brokers and insurers. Camerons advised that the claims were arguable but would be difficult to prove...
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"This is the ultimate statement of where the law on IVAs is to be found in our great common law...