Legal News

Insolvency practitioners and trust office-holders

Published on: 18 February 2016

Table of contents

  • Original news
  • What are the key take-aways?
  • How did the issues arise?
  • What arguments did the administrators put forward?
  • What did the judge decide?
  • What are the practical implications for IPs dealing with client monies on an insurance insolvency?

Article summary

Restructuring & Insolvency analysis: How should office-holders of trusts deal with the management and distribution of funds? Matthew Weaver, barrister at St Philips Chambers, considers the court’s inherent jurisdiction following the decision in Re Allanfield Property Insurance Service Ltd (in administration) and others.

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