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Mr Justice Peter Smith's judgment in Gresham International Ltd & Anor v Moonie & Ors  EWHC 1093 (Ch) (20 May 2009) has been handed down. The case relates to Sch.4 paragraph 3A of the Insolvency Act 1986 and the vexed area of prospective sanction or retrospective sanction for costs incurred on behalf of a company in compulsory liquidation.
"This is the ultimate statement of where the law on IVAs is to be found in our great common law...