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Insolvency Law

Expert guidance on all aspects of corporate and personal insolvency

12 JUL 2013

Golstein v Bishop [2013] EWHC 1706 (Ch)

(Chancery Division, Christopher Nugee QC (sitting as a deputy High Court judge), 18 June 2013)

As a matter of construing the R3 Standard Conditions for Individual Voluntary Arrangements, the costs of existing proceedings against a debtor as at the date of the creditors' meeting fell to be treated as a debt provable within the IVA. The deputy judge also passed some observations as to the possibility that the Glenister v Rowe line of authorities as regards costs orders not being a contingent debt being overruled or recast by the Supreme Court in the Nortel litigation.

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