Vol 19 (2022) - Issue 6

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Re Swiss Cottage Properties Limited (in liquidation) [2022] EWHC 1495 (Ch)

Synopsis
This case concerns the sale of two unique properties and raises points on valuation techniques in respect of unusual assets, the treatment of creditors without a real ‘economic interest’ in administration, and inaccuracies in administrators’ Statements of Proposals.
The High Court judgment highlights that the Court will take a pragmatic approach to mere technical deficiencies in administrators’ conduct, whilst reminding administrators to get their messaging to the creditors clear and consistent.