Liquidators and liability caps: the Core VCT litigation – Gatehouse Chambers

Posted January 6th, 2026 in news by sally

‘The dispute arose from a (solvent) members’ voluntary liquidation of three venture capital trust companies (the Core VCT companies). In March 2015, Begbies Traynor (Central) LLP entered into letters of engagement with the directors of these companies. These letters contemplated the appointment of Mark Fry and Neil Mather as joint liquidators and contained standard terms of business including a £1m aggregate liability cap.’

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Gstehouse Chambers, 1st January 2026

Source: gatehouselaw.co.uk