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(Chancery Division, Bernard Livesey QC (sitting as a High Court judge))
As a matter of construction, a settlement deed between the claimant and a company in liquidation created a condition precedent to the company's labiality to the claimant, but not in such terms that prevented a contingent liability to the claimant arising. Therefore Bernard Livesey QC (sitting as a deputy judge of the High Court) allowed the claimant's appeal against the liquidators' refusal to admit the claimant's proof of debt.
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