- The appointment of administrators in the absence of an event of default (Re Capital Funding One Limited)
- What are the practical implications of this case?
- What was the background?
- What did the court decide?
- Case details
Restructuring & Insolvency analysis: Daniel Webb, barrister at St Philips Stone, examines the decision in Re Capital Funding One Limited, in which the court had to consider whether, in connection with the purported appointment of administrators, an event of default had occurred where the parties to a joint venture agreement did not expressly agree the repayment terms of a loan.
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