Q&As

A seller is in voluntary liquidation. The draft transfer of part to the buyer grants new easements. Can the liquidators validly grant the easements?

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Published on LexisPSL on 17/06/2021

The following Restructuring & Insolvency Q&A provides comprehensive and up to date legal information covering:

  • A seller is in voluntary liquidation. The draft transfer of part to the buyer grants new easements. Can the liquidators validly grant the easements?

A seller is in voluntary liquidation. The draft transfer of part to the buyer grants new easements. Can the liquidators validly grant the easements?

This Q&A assumes that the company is in creditors' voluntary liquidation.

A liquidator's powers in a creditors' voluntary winding-up are set out in sections 165–166 of, and Schedule 4 to, the Insolvency Act 1986 (IA 1986). These powers are wide and include in particular:

  1. the power to compromise, on such terms

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