‘Clear direction’ in LB Holdings judgment (LB Holdings Intermediate 2 Ltd (in administration))

Table of contents

• Original news
• What is the background to the case and what are the issues arising within it that are pertinent to insolvency practitioners?
• What were the main legal arguments raised?
• What did the judge decide, and why?
• What are the practical implications of this case for insolvency lawyers advising their clients?
• To what extent is the judgment helpful in clarifying the law in this area?

Article summary

Restructuring & Insolvency analysis: The judgment in LB Holdings Intermediate 2 Ltd (in administration) contains a clear direction on the extent to which the courts will bless a transaction in an insolvency context, according to Euan Clarke, a partner in Linklater’s dispute resolution group in London. It also provides guidance on when it would be appropriate for insolvency practitioners to seek directions from the court with respect to a transaction.