Bank Notes

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F - Floating charges


20/12/19

CRUMPLER v CANDEY LTD [2019] EWHC 3558 (Ch)

Considers new value to be regarded as given for a floating charge which would otherwise be invalid under s 245 Insolvency Act 1986.  Comments on solicitors guideline hourly rates in costs assessment [155]. 


11/12/15

RE PREMIER MOTOR AUCTIONS LEEDS (IN LIQUIDATION) [2015] EWHC 3568 (Ch)

An application by liquidators under r 4.218A-E of the Insolvency Rules 1986 for litigation expenses to be paid out of floating charge assets was adjourned to be heard with the holder of the floating charge present.  The circumstances were not so exceptional as to justify a hearing in private without the bank present and represented.



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