Our website is set to allow the use of cookies. For more information and to change settings click here. If you are happy with cookies please click "Continue" or simply continue browsing. Continue.

Insolvency Law

Expert guidance on all aspects of corporate and personal insolvency

11 NOV 2010

Mond and Another v MBNA Europe Bank Ltd [2010] EWHC 1710 (Ch); [2010] BPIR 1167

Sir William Blackburne (sitting as a High Court judge) held that the IVA Protocol was a voluntary code and did not affect the statutory rights of a creditor. Therefore a bank bound by the Protocol was not obliged to vote in favour of a Protocol Compliant proposal for an Individual Voluntary Arrangement unless it had good reasons not to. In any event, favouring a 10 year debt management plan over a 5 year IVA was a sufficiently good reason to vote against the proposal.

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
Subscribe to our newsletters