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Successful Insolvency Judgement – Darragh Connell

2 / 11 / 2020

Insolvency Update – In the Matter of Wow Internet Limited

 

Forum Chambers’ Darragh Connell represented the successful applicant in the case of Hunt (as Liquidator for Wow Internet Limited) v Majid [2020] EWHC 2890 Ch following a remote trial that took place in July 2020.

 

Judgment was handed down earlier this week. It has already received considerable attention from insolvency practitioners faced with the common situation of a director failing to adduce contemporaneous records to substantiate the legitimacy of payments made from a company’s bank account prior to its liquidation with Deputy ICC Judge Frith finding as follows:

 

“22. In short, if the directors of a company conduct the business informally and take a lackadaisical approach to the supply of contemporaneous documentary evidence, they do so at their own risk.”

 

A full copy of the judgment is available here:

https://www.bailii.org/ew/cases/EWHC/Ch/2020/2890.html

 

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