This Practice Note, produced in partnership with Philip Hinks of 3 Verulam Buildings, considers how a personal pension is dealt with on a debtor’s bankruptcy. Whether it vests in the bankrupt estate with the official receiver, or if it is excluded from the estate. It briefly looks at the position pre–29 May 2000, but mainly concentrates on the position subsequent to that date.
This Practice Note considers the scope, application and limitation of the Duomatic principle (the common law principle of shareholder decision-making by way of informal unanimous consent or assent).
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