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(Chancery Division, Arnold J, 3 May 2012)
An FSA authorised company purported to appoint administrators under para 22 of Sch B1 of the Insolvency Act 1986 without obtaining prior approval from the FSA as required by s 362A of the Financial Services and Markets Act 2000. FSA consent was subsequently given...
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"This is the ultimate statement of where the law on IVAs is to be found in our great common law...