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Administrators take note: the importance of maintaining independent judgement when selling assets (Re Ary Digital UK Ltd; Brewer v Iqbal)

Administrators take note: the importance of maintaining independent judgement when selling assets (Re Ary Digital UK Ltd; Brewer v Iqbal)
Published on: 04 March 2019
Published by: LexisPSL
  • Administrators take note: the importance of maintaining independent judgement when selling assets (Re Ary Digital UK Ltd; Brewer v Iqbal)
  • What are the practical implications of this case?
  • What was the background?
  • What did the court decide?
  • Case details

Article summary

Restructuring & Insolvency analysis: Joseph Curl, barrister of 9 Stone Buildings, who acted for the Applicants, considers the outcome of this case that provides further authority supplementing recent case law around the administrators’ duties when marketing and selling company assets. Unusually in this case, a breach of fiduciary duty against the office holder was also established. or take a trial to read the full analysis.

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