Success fee cannot be recovered against liquidators of foreign company (Re Peak Hotels and Resorts Ltd (in liquidation); Candey Ltd v Crumpler and another (as joint liquidators of Peak Hotels and Resorts Ltd (in liquidation)))

Table of contents

• What are the practical implications of the judgment?
• What was the background?
• What did the court decide?

Article summary

Restructuring & Insolvency analysis: David Holland QC, barrister at Landmark Chambers, examines the High Court’s decision in Re Peak Hotels and Resorts Ltd (in liquidation) establishing that an application to the English court by the respondent joint liquidators of a company—whose liquidation in the British Virgin Islands (BVI) had been recognised as a foreign main proceeding—did not amount to ‘proceedings in England and Wales’.