Legal News

Application for retrospective administration orders (Re ARL O09 Ltd v ARL O09 Ltd)

Application for retrospective administration orders (Re ARL O09 Ltd v ARL O09 Ltd)
Published on: 18 December 2020
Published by: LexisPSL
  • Application for retrospective administration orders (Re ARL O09 Ltd v ARL O09 Ltd)
  • What are the practical implications of this case?
  • What was the background?
  • What did the court decide?
  • Case details

Article summary

Restructuring & Insolvency analysis: In this case, the High Court granted retrospective administration orders and held that a permitted disposal clause in a facility agreement did not oblige the lender to release a personal covenant to pay, and therefore held that the applicant still had standing to make the administration application as a creditor. Written by Hugo Groves and Matthew Maddison, Barristers at Enterprise Chambers. or take a trial to read the full analysis.

Popular documents