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International Corporate Rescue

Journal Issues

  • Vol 1 (2004)
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  •         Issue 1
  •         Issue 2
  •         Issue 3
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  •         Issue 5
  •         Issue 6
  • Vol 19 (2022)
  • Vol 20 (2023)

Vol 18 (2021) - Issue 6

Article preview

Navigating Potential Risks for Insolvency Practitioners in Administration Sales: Uralkali v Rowley and another [2020] EWHC 3442 (Ch)

Nicholas Cooper, Associate, and Sam Rigney, Associate, Freshfields Bruckhaus Deringer LLP, London, UK

Synopsis
In Uralkali v Rowley and another, in what is a helpful judgment for insolvency officeholders, the High Court provided guidance on a number of important issues regularly faced by practitioners, including whether they owe a duty of care to participants in a sales process out of an insolvent estate. In dismissing all claims against the Administrators of FI, the High Court confirmed that it is unlikely that an officeholder would be found to owe a duty of care in the context of an ordinary course sales process.

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International Corporate Rescue

"Among a vast variety of insolvency and restructuring journals, International Corporate Rescue is unparalleled in its depth of coverage of issues relevant to practitioners in all corners of the globe today."

Paul Kirk, Collins Pitt Associates, Melbourne

 

 

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