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In the recent case of Re Avanti Communications Ltd (In Administration), the High Court considered whether charges granted by a satellite business over certain equipment and intangible...
It has always been the case that whether a charge is fixed or floating depends on the specific circumstances, but in some respects this decision has made the grey area in the middle of the spectrum
The administrators of Avanti Communications Limited (the “Company”) sought directions from the High Court as to whether purported fixed charges in favour of the secured lenders to the...