LexisLibrary and LexisPSL
Sign up for a free trial today and get full access for a weekTrial
R sought to argue that a floating charge over a company’s assets contained in a debenture registered within the 12 months preceding the company’s insolvency was not invalidated by s 245 of the Insolvency Act 1986 because the debenture merely recorded an earlier agreement that R would take immediate security upon the advance of the moneys giving rise to an equitable security in the form of a floating charge.
To view the full text, please log in.
To receive a FREE 14 day online trial to Insolvency Law Online click here.
"This is the ultimate statement of where the law on IVAs is to be found in our great common law...