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Insolvency Law

Expert guidance on all aspects of corporate and personal insolvency

Guildhall Chambers , 19 MAY 2014

Lakehouse Contracts Ltd v UPR Services Ltd.

Lakehouse Contracts Ltd v UPR Services Ltd.

(Henderson J, 26 February 2014)

Where a winding-up petition was struck out the grounds that the petition debt was genuinely disputed on substantial grounds, but the debtor company had unreasonably refused the petitioner’s request to mediate the underlying dispute before the costs of the disputed petition exceeded the petition debt, the company was entitled to its costs of resisting the petition on the indemnity basis up to the point at which its own conduct of the litigation became unreasonable.

Guildhall Chambers

Insolvency Law

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