header-logo header-logo

20 June 2014
Issue: 7611 / Categories: Case law , Law digest , In Court
printer mail-detail

Company

Contrarian Funds Llc v Lomas and others Re Lehman Brothers International (Europe) (in Administration) [2014] EWHC 1687 (Ch), [2014] All ER (D) 65 (Jun)

The right to challenge the rejection of a proof arose under r 2.78 of the Insolvency Rules 1986 (SI 1986/1925). Rule 12.9(2) (replaced by r 12A.55(2) in identical terms in 2010) enabled the court to extend or shorten the time for compliance with anything required to be done by the Rules. In an application for an extension of time, consideration had to be given to the factors listed in CPR 3.9. Although CPR 3.9 required consideration to be given to all the circumstances of the case, the only factors listed were the need for litigation to be conducted efficiently and at proportionate cost and the need to enforce compliance with rules, practice directions and orders. Where the non-compliance was not trivial and there was no good reason for it, the expectation generally would be that relief from sanctions would be refused. 

 

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

Browne Jacobson—Vicky Tomlinson

Browne Jacobson—Vicky Tomlinson

Browne Jacobson appoints Vicky Tomlinson as Head of Independent Health and Care

DWF—five appointments

DWF—five appointments

DWF further strengthens major injury and casualty offering with new partner and four directors from DAC Beachcroft

Switalskis—Laura Ornsby

Switalskis—Laura Ornsby

Switalskis strengthens Grimsby child care team

NEWS
The Financial Reporting Council’s revised Audit Enforcement Procedure will alter the balance of power in corporate investigations
A telecoms operator may be able to hold over under the Landlord and Tenant Act 1954, yet still be unable to secure a renewal: an outcome described as a legal ‘paradox’

Safety fears do not automatically justify shutting an interested person out of a statutory will application

Consumer credit law is heading for its biggest shake-up in 50 years, with the Consumer Credit Act 1974 set to yield much of its detailed statutory machinery to FCA rules
The Supreme Court has settled a long-running dispute over part-time workers: unfavourable treatment need be a significant or effective cause, not the sole cause
back-to-top-scroll