- The effect of debarring orders in complex fraud cases (Re Grosvenor Property Developers Ltd (In Liquidation))
- What are the practical implications of this case?
- What was the background?
- What did the court decide?
- Debarring orders
- Shadow/ De facto director
- Compound interest
- Case details
Restructuring & Insolvency analysis: In claims relating to the misapplication of company money, the joint liquidators of Grosvenor Property Developers Ltd (the company) successfully applied for judgment against two respondents who were debarred from defending. This judgment clarifies the court’s approach to the effect of debarring orders, proving fabrications, the distinction between a shadow and a de facto director, and compound interest. Written by Nora Wannagat, barrister, at 9 Stone Buildings. She is instructed as junior counsel to Rory Brown (for the applicants) in this litigation.
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