Closing a loophole, confirming market practice
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Co-Contributor: Chris Evans
Jetivia S.A. and another v Bilta (UK) Limited (in liquidation) and others [2015] UKSC 23
Insolvency practitioners and creditors alike will welcome the decision handed down by the Supreme Court on 22 April 2015. It reduces the wiggle room given to delinquent directors of insolvent companies when claims are brought against them, and confirms the extra-territorial effect of claims against third parties under the fraudulent trading provisions in section 213 of the Insolvency Act 1986 (the “Act”).
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