Date of liquidation was the effective date of accrual of the cause of action in a preference case (Re MSD Cash & Carry plc)

Table of contents

• What are the practical implications of this case?
• What was the background?
• What did the court decide?
• Case details

Article summary

Restructuring and Insolvency analysis: The court decided that interest should run from the date of liquidation, not from the date of the preference itself. Discussing the judgment, John Briggs, a barrister at South Square Chambers and counsel for the applicant, considers this to be the most significant aspect of the case for practitioners.