powered by Lexis^®PSL

Home / Restructuring & Insolvency / Corporate insolvency processes / Administration

Legal News

Complying with articles of association when appointing administrators (Randhawa v Turpin)

Complying with articles of association when appointing administrators (Randhawa v Turpin)

Published on: 11 August 2017

Published by: LexisPSL

Complying with articles of association when appointing administrators (Randhawa v Turpin)
Original news
What was the background to the case?
What issues arose for the Court of Appeal’s consideration?
What did the Court of Appeal decide, and why?
What are the implications for practitioners?

Article summary

Restructuring & Insolvency analysis: In Randhawa v Turpin, a challenge to the appointment of administrators resulted in a reaffirmation by the Court of Appeal of the need for formality and strict compliance when managing the affairs of a company. Ali Tabari, of St Philips Stone, examines the court's decision and considers its implications. Sign in or take a trial to read the full analysis.

Popular documents

LEXISNEXIS

Common financial covenants

This Practice Note explains certain common financial covenants used in commercial finance transactions including:•minimum net worth test•gearing ratio•leverage ratio (or debt to equity ratio)•current ratio (or acid test ratio)•cashflow ratio•interest cover ratio, and•loan to value ratioIt explains:

LEXISNEXIS

Contract interpretation—express terms in contracts

Express and implied contractual terms distinguishedContractual terms may be either express or implied:•express terms—are terms which are actually recorded in a written contract or openly expressed in an oral contract at the time the contract is made (or there may be a combination of written and oral

LEXISNEXIS

Nuisance and the rule in Rylands v Fletcher—common law liability for pollution

Private nuisancePrivate nuisance is an unlawful interference with a person's use or enjoyment of land or some right over or in connection with it. Interference must be unreasonable, and may be caused, eg by water, smoke, smell, fumes, gas, noise, heat or vibrations. Where the defendant has not

LEXISNEXIS

Codicils

Codicils may be used for making any alteration in a Will such as to alter the executors or make changes in legacies, whether by addition or deletion but that is by no means their only use. As a general rule, substantial changes are best achieved by means of a new Will and codicils are more