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Insolvency Law

Expert guidance on all aspects of corporate and personal insolvency

01 MAY 2012

Re Legal & Equitable Securities plc (In Liquidation); Beller v (1) Linton (2) Weber [2012] EWHC 910 (Ch)

(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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