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UK Insolvency Practitioners Lost Protection of Release Clauses?

Monday, December 21, 2020 In the third (and final) of our blog series on recent CVA cases, in  Rhino Enterprises Properties Ltd & Anor [2020] EWHC 2370 (Ch), the High Court gave permission for misfeasance proceedings to be brought against two former joint administrators. This was despite an approved Company Voluntary Arrangement (“ CVA”) containing a clause releasing the joint administrators from liability. The Court held it was ‘at least strongly arguable’ that CVAs were no...
Jason Schofield Barclays Bank Financial Conduct Authority Askwith Investments Limited Rhino Enterprises Holdings Limited Rhino Enterprises Properties

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