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I am grateful to Louis Doyle for providing the following guest post:
"On 30th November 2011 what is now Her Majesty’s Revenue & Custom opened its case in the High Court before Mr Justice David Richards in seeking a declaration that the so-called football creditor rule (“the FCR”) is unlawful. The challenge was opposed by both the Football League and the Premier League."
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"This is the ultimate statement of where the law on IVAs is to be found in our great common law...