Legal News

The environment v insolvency—meteor shower or extinction level event? (Doonin Plant Limited (in Liquidation))

Published on: 12 September 2018
Published by: LexisPSL
  • The environment v insolvency—meteor shower or extinction level event? (Doonin Plant Limited (in Liquidation))
  • What are the practical implications of this case?
  • What was the background?
  • Dawson International
  • What did the Scottish court decide?
  • First issue—contingent debt?
  • Second issue—are the liquidators obliged to apply the surplus funds to the remediation costs?
  • Commentary
  • Case details

Article summary

Restructuring and Insolvency Analysis: This Scottish case considered whether environmental liabilities of a company in liquidation amounted to a contingent debt and whether they ranked as an expense of the liquidation. Tim Cooper and Kirsten Fleming of Addleshaw Goddard LLP (who acted for the joint liquidators of Doonin Plant Limited) examine this important case. or take a trial to read the full analysis.

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