Recovering costs of litigation as a liquidation expense

WALTERS, A., 2003. Recovering costs of litigation as a liquidation expense. Company Lawyer, 24 (3), pp. 84-86. ISSN 0144-1027

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Abstract

The spate of cases dealing with the question of whether a liquidator can treat the costs of any litigation that she initiates or pursues in the exercise of her statutory functions as a liquidation expense payable in priority to other creditors shows no sign of abating. This is hardly surprising bearing in mind that a number of issues were left unresolved by the Court of Appeal in Re Floor Fourteen Ltd, Lewis v Inland Revenue Commissioners. One such case, Re Demaglass Ltd, Lewis v Dempster is the subject of this note. The likely implications of the Insolvency (Amendment) (No. 2) Rules 2002 are also briefly considered.

Item Type: Journal article
Publication Title: Company Lawyer
Creators: Walters, A.
Publisher: Sweet & Maxwell/Thomson Reuters
Place of Publication: London
Date: 2003
Volume: 24
Number: 3
ISSN: 0144-1027
Rights: Permission is for Nottingham Trent University’s Institutional Repository only. Any further use (including storage, transmission or reproduction by electronic means) shall be the subject of a separate application for permission.
Divisions: Schools > Nottingham Law School
Depositing User: EPrints Services
Date Added: 09 Oct 2015 10:19
Last Modified: 09 Jun 2017 13:26
URI: http://irep.ntu.ac.uk/id/eprint/11274

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