Welcome to the R3 Technical Library, a unique resource for searching technical and specialist information within the sector. The below are available resources for Legislation Case Law.
The case concerned a misfeasance claim against two respondents; a de jure director of the company and a de facto director. View
Mr Justice Snowden has declined to sanction a scheme of arrangement due to the "paucity of information" provided by the company to the creditors ahead of the creditor vote. He also commented on the practice of lock-up agreements and highlighted concerns with the payment of lock-up fees. View
The appellant succeeded on his appeal against an order dismissing an application to, among other things, to set aside an ex parte order, by which three associated companies, which had been dissolved at the conclusion of their respective members' voluntary liquidations, had been ordered to be restored to the register of companies; and new (present) liquidators had been appointed. View
On 2 September 2020, Mr Justice Snowden decided to sanction the Restructuring Plan proposed by Virgin Alantic Airways Limited. This judgment gives the reasons behind the sanction. View
In this case the Secretary of State (‘SoS’) applied for a disqualification order against Mr R as a director under the Company Directors Disqualification Act 1986. However, the claim was unsuccessful and dismissed by the Court. View
Para. 9 - "I am satisfied that designated members will include the same duties that directors owe to limited companies as set out in the Companies Act 2006 and also as a matter of common law and equity." View
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