Closegate Hotel Development (Durham) Ltd and another v McLean and others – WLR Daily

Posted October 30th, 2013 in administrators, insolvency, law reports by sally

Closegate Hotel Development (Durham) Ltd and another v McLean and others [2013] EWHC 3237 (Ch); [2013] WLR (D) 409

“The prohibition on an officer of a company in administration exercising a management power absent the consent of the administrators contained in paragraph 64 of Schedule B1 to the Insolvency Act 1986, as inserted, did not deprive the directors of a company of the authority to cause the company to challenge the validity of the appointment of the administrators, nor was the exercise of such authority dependent upon the provision by the directors of an indemnity for costs.”

WLR Daily, 25th October 2013

Source: www.iclr.co.uk