he Chancery Division allowed the application, brought by the joint administrators of London Oil and Gas Ltd (LOG), to set aside an assignment by which LOG had purported to assign its rights against one of its borrowers, Atlantic Petroleum, to the respondent for consideration of £
The Chancery Division allowed the claimant company's application for an order to convene meetings in order to consider and potentially approve a restructuring plan.
he Chancery Division allowed the appellant's appeal from a decision which had imposed a limitation on the amount of recoveries to pay off all liquidation debts, fees, remuneration and expenses.