In re Kaupthing Singer & Friedlander Ltd (in administration) [2010] EWCA Civ 518; [2010] WLR (D) 119 - Insolvency Rules 1986 (SI 1986/1925) considered

14 MAY 2010

The Court of Appeal (Mummery, LJ, Hughes, LJ, Etherton, LJ) has handed down its judgment in re Kaupthing Singer & Friedlander Ltd (in administration) [2010] EWCA Civ 518; [2010] WLR (D) 119. The case concerns a judicial consideration of Insolvency Rules 1986 (SI 1986/1925), rr 2.85, 2.105 (as substituted by Insolvency (Amendment) Rules 2003 (SI 2003/1730), Sch 1, para 9 and Insolvency (Amendment) Rules 2005 (SI 2005/527), rr 9, 14(1)). The learned judges held that, "After the set-off of cross-claims as between a company in administration and one of its creditors, the balance payable by a creditor to the company under r 2.85(8) of the Insolvency Rules 1986 in respect of a future debt was not to be a sum discounted to present value under r 2.105 but was to be an equivalent undiscounted amount."

Bankruptcy and Personal Insolvency Reports

Bankruptcy and Personal Insolvency Reports

"BPIR is an excellent series, of interest to both corporate and personal insolvency lawyers,...

More Info from £166.00
Available in Insolvency Law Online
Individual Voluntary Arrangements

Individual Voluntary Arrangements

"This is the ultimate statement of where the law on IVAs is to be found in our great common law...

Available in Insolvency Law Online