Company
Re High Street Rooftop Holdings Ltd [2020] EWHC 2572 (Ch), [2020] All ER (D) 23 (Oct)
Strategic Advantage SPC (the applicant) successfully applied for an administration order in relation to High Street Rooftop Holdings Ltd (the company) following events of default which had resulted in the security constituted by the debenture becoming immediately enforceable. In granting the application, the Chancery Division held that it would be wrong to deny the applicant its right to enforce the terms of the debenture in circumstances where the company’s debt was far from sufficiently secured and, on the balance of probabilities, the company was insolvent.
Conflict of laws
Maduro Board of the Central Bank of Venezuela v Guaidó Board of the Central Bank of Venezuela [2020] EWCA Civ 1249, [2020] All ER (D) 24 (Oct)
An appeal of two preliminary issues arising in a dispute involving the entitlement of persons or bodies to give instructions to financial institutions in the UK on behalf of the Central Bank of Venezuela (BCV), with regard to gold reserves, was considered by the Court of Appeal, Civil Division.
