- 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
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.
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