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Insolvency Law

Expert guidance on all aspects of corporate and personal insolvency

13 DEC 2011

Hellas Telecommunications (Luxembourg) II SCA, Re [2011] EWHC 3176 (Ch) (30 November 2011) - some issue from the Hellas administration

In a very long and complex judgment Mr Justice Sales has examined various questions arising from the administration of Hellas Telecommunications (Luxembourg) II SCA. The case has been reported as: Hellas Telecommunications (Luxembourg) II SCA, Re [2011] EWHC 3176 (Ch) (30 November 2011). As the learned judge notes:  

"The Administrators' application was brought, very properly, to provide a vehicle to allow various arguments to be ventilated between the Administrators, the ICC and Weather III about the way forward now that the Administrators had formed the judgment that the purpose of the administration is at an end. Unfortunately, however, the procedural flexibility this brought carried a price, in that there were no pleadings or clear formulation of issues settled before the application came on. The skeleton arguments served did not adequately fulfil this function either. The hearing, therefore, did not proceed as speedily and efficiently as it might otherwise have done, as a good deal of probing and explanation was required to work out precisely the position which each party adopted and to identify their submissions in support."

I will leave blog readers to mull on the case in their own good time. 

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