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Even though it is still the holiday season the Chancery Courts have still been busy. In addition to a case which reads like a real life game of Monoploy, there have also been some insolvency cases of note in the High Court. Re Euromaster Ltd  EWHC 2356 (Ch) (10 August 2012) is an interesting case on pre-pack administrations and the validity of IPs' appointment. As Norris, J notes, "This case therefore raises the question whether the appointment of Mr Dante and Mr Davis is a nullity (and if so, what is to be done for the future and what may be done in relation to the past)? Or whether their appointment was irregular (and, if so, whether that irregularity can be and ought to be cured, and with what consequences for past acts)?" After a long and detailed examination of the cases and pertinent legislation the learned judge concludes that the appointment of the two IPs involved in the case was not a nullity. Happy reading!
"This is the ultimate statement of where the law on IVAs is to be found in our great common law...