GOLDTRAIL TRAVEL LTD (In Liquidation) v ABDULKADIR AYDIN AND ORS (2016)

In deciding equitable compensation for dishonestly assisting a company director in breaching his fiduciary duties, the dishonest assisters were not liable to compensate the company for the misapplication of money which had been recouped before the company's liquidation. The misapplication of that money had not caused the company any loss because it had been repaid. … Continue reading GOLDTRAIL TRAVEL LTD (In Liquidation) v ABDULKADIR AYDIN AND ORS (2016)

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BROWN & ANOR (JOINT ADMINISTRATORS OF LOANWELL LTD) v STONEGALE LTD (2016)

A company (C1) and its director (J) appealed against a decision ([2015] CSIH 12, 2015 S.C.L.R. 619) that the dispositions of four properties to them amounted to "gratuitous alienations" for the purposes of the Insolvency Act 1986 s.242. The dispositions had been made by a group of three companies (G) controlled by J's father (S). … Continue reading BROWN & ANOR (JOINT ADMINISTRATORS OF LOANWELL LTD) v STONEGALE LTD (2016)

BALVINDER SINGH v (1) SALINDER SINGH (2) SUKHJIND KAUR (3) GLASS EXPRESS MIDLANDS LTD (4) GEM BLINDS LTD (2016)

The claimant applied for a declaration that he was the beneficial owner of 50% of the shares in the third defendant company (Glass) and 45% of the shares in the fourth defendant company (Blinds).   The claimant's case was that he and the first defendant had incorporated the companies on the basis of each having … Continue reading BALVINDER SINGH v (1) SALINDER SINGH (2) SUKHJIND KAUR (3) GLASS EXPRESS MIDLANDS LTD (4) GEM BLINDS LTD (2016)

NAVIG8 CHEMICALS POOL INC v (1) NU TEK (HK) PVT LTD (2) INDER SHARMA (2) MURUGAIYAN KARTHIKEYAN (2016)

The claimant applied for the respondents to be held in contempt of court for failure to comply with disclosure obligations in a worldwide freezing order.   The claimant had obtained an arbitration award against the first respondent Hong Kong company. The Hong Kong court gave permission to enforce the award as a Hong Kong judgment. … Continue reading NAVIG8 CHEMICALS POOL INC v (1) NU TEK (HK) PVT LTD (2) INDER SHARMA (2) MURUGAIYAN KARTHIKEYAN (2016)

SECRETARY OF STATE FOR BUSINESS, INNOVATION & SKILLS v HARRISS & ORS (2016)

A company director, who had agreed to a four-year disqualification, would be permitted to act as director on an interim basis until the full hearing of his application for permission to continue to act as director. He had an arguable case that it was necessary for him to act as director, and appropriate arrangements to … Continue reading SECRETARY OF STATE FOR BUSINESS, INNOVATION & SKILLS v HARRISS & ORS (2016)