header-logo header-logo

Insolvency

30 July 2010
Issue: 7428 / Categories: Case law , Law digest
printer mail-detail

Picard v FIM Advisers LLP [2010] EWHC 1299 (Ch), [2010] All ER (D) 216 (Jul) Chancery Division, Companies Court Kitchin J 27 May 2010

Article 21(1)(d) of Sch 1 to the Cross-Border Insolvency Regulations 2006, (SI 2006/1030) (the CBIR), had both a jurisdictional and a discretionary component. The court had to be satisfied that the information sought concerned the debtor’s assets, affairs, rights, obligations or liabilities. If it was so satisfied then it had a discretion to order the delivery of that information. In exercising that discretion it had to have regard to all relevant circumstances and ensure that the interests of the person against whom the order was sought were adequately protected.

When considering whether to make an order under Art 21 of Sch 1 to the CBIR, it was appropriate for the court to have regard to the principles upon which the court would exercise its powers under ss 236 and 366 of the Insolvency Act 1986. The relevant principles in such circumstances were:

(i) the power was conferred to enable the office holder to discover

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

Birketts—trainee cohort

Birketts—trainee cohort

Firm welcomes new cohort of 29 trainee solicitors for 2025

Keoghs—four appointments

Keoghs—four appointments

Four partner hires expand legal expertise in Scotland and Northern Ireland

Brabners—Ben Lamb

Brabners—Ben Lamb

Real estate team in Yorkshire welcomes new partner

NEWS
Robert Taylor of 360 Law Services warns in this week's NLJ that adoption of artificial intelligence (AI) risks entrenching disadvantage for SME law firms, unless tools are tailored to their needs
The Court of Protection has ruled in Macpherson v Sunderland City Council that capacity must be presumed unless clearly rebutted. In this week's NLJ, Sam Karim KC and Sophie Hurst of Kings Chambers dissect the judgment and set out practical guidance for advisers faced with issues relating to retrospective capacity and/or assessments without an examination
Delays and dysfunction continue to mount in the county court, as revealed in a scathing Justice Committee report and under discussion this week by NLJ columnist Professor Dominic Regan of City Law School. Bulk claims—especially from private parking firms—are overwhelming the system, with 8,000 cases filed weekly
Charles Pigott of Mills & Reeve charts the turbulent progress of the Employment Rights Bill through the House of Lords, in this week's NLJ
From oligarchs to cosmetic clinics, strategic lawsuits against public participation (SLAPPs) target journalists, activists and ordinary citizens with intimidating legal tactics. Writing in NLJ this week, Sadie Whittam of Lancaster University explores the weaponisation of litigation to silence critics
back-to-top-scroll