The Weekly Law Reports
[2018] 3 WLR 1568
Chancery Division
Officeserve Technologies Ltd (in compulsory liquidation) and another
v
Annabel’s (Berkeley Square) Ltd and others
[2018] EWHC 2168 (Ch)
2018 June 1,
5;
Aug 8; 15
Aug 8; 15
Judge Paul Matthews sitting as a High Court judge
Insolvency— Winding up— Disposition of property— Company making payments to third parties after petition for liquidation and before winding up order— Joint liquidators alleging that payments void— Joint liquidators making partial recovery of losses from settlement with former directors for breach of fiduciary duties in allowing payments— Which defences available to recipients— Whether settlement with directors barring claims against recipients— Whether recipients liable to make restitution—
Insolvency Act 1986 (c 45), s 127(1)
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