- Application to restore entities suspected of involvement in international money-laundering granted (Re Harrington & Charles Trading Company Ltd)
- What are the practical implications of this case?
- What was the background?
- What did the court decide?
- Case details
Restructuring & Insolvency analysis: In an ex tempore judgment delivered on 1 June 2021, Judge Hodge QC determined that three companies and a limited liability partnership should be restored to the register, with new liquidators appointed. The judge was required to consider whether the applicant banks could establish that they had a potential legal claim against those entities, to the required threshold. An issue also arose, following the decision in Fakhry v Pagden as to whether the court was required to ascertain the views of the former shareholders of the companies. Written by Jessica Powers, barrister at New Square Chambers.
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