Legal News

Statutory demands—assignees of debt beware (Dowling v Promontoria (Arrow) Ltd)

Published on: 13 November 2017
Published by: LexisPSL
  • Statutory demands—assignees of debt beware (Dowling v Promontoria (Arrow) Ltd)
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Article summary

Restructuring & Insolvency analysis: The decision in Dowling v Promontoria (Arrow) Ltd, which resulted from an application to set aside a statutory demand, demonstrates that assignees of debt need to exercise care if they are to enforce their claim by the summary bankruptcy route. The decision highlights practical points that assignees should bear in mind, as well as the impact of the purview doctrine in relation to guarantees. or take a trial to read the full analysis.

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