- The ‘financial effect’ of coronavirus (COVID-19) puts the brakes on a creditor’s petition (A v B)
- What are the practical implications of this case?
- What was the background?
- What did the court decide?
- Case details
Restructuring & Insolvency analysis: The court held that the ‘financial effect’ of coronavirus (COVID-19) prevented a creditor from presenting a winding-up petition, with the result that the petition was dismissed in advance of the formal hearing of the petition. A v B is the first decision of a High Court judge to consolidate the learning on the procedure and principles first propounded by Insolvency and Companies Court (ICC) Judge Barber in Re A Company and Deputy ICC Judge Passfield in PGH Investments Ltd v Ewing Written by Samuel Parsons, barrister at Guildhall Chambers, Bristol.
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