Summary Proposals to settle a number of inter-company claims in the Lehman Brothers group administration were approved where the outcome would be to expedite the distribution to unsecured creditors without any reserve having to be made for future contribution claims. Moreover, the administrator of each company had been able to...

Summary The Supreme Court set out the factors to be considered when determining whether a company's appeal would be stifled by its inability to comply with a condition to pay a sum into court. The making of such an order for a company without assets could not be justified by...

Summary Summary judgment was not granted on an insolvent company's claim that its directors had caused its insolvency by dishonestly distributing the share capital of one of its subsidiaries where they had a real prospect of successfully defending the claim. Further, it was possible that the directors were entitled to...

Summary A judge's decision to stay private criminal proceedings as an abuse of process could not stand where there was an error of law and principle in her approach in reaching the decision she reached, and in consequence her ruling was one which it was not reasonable for her to...

Summary Permission to bring committal proceedings against a director of two companies was refused as the proceedings would not serve the public interest; there was a risk that the applicant, who was a judgment creditor of the companies, was trying to pressurise the director into paying a debt he was...

Summary A proprietary injunction preventing a company from disposing, dealing with or diminishing the value of overage held on trust was varied to allow the company to pay surveyor's fees, incurred for negotiating an advance against the total overage ultimately due, from the money received as a result of the...

Summary The court refused an application to enforce an arbitration award made in Russia which had been later set aside by the Russian Commercial Court. An appeal to the Russian appeal court had also failed. Despite criticism of the Russian judgments, they were not so perverse that they could only...