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Insolvency & Restructuring

06 September 2019
Stuart Broom Liability of administrators for economic loss of a creditor

United Kingdom - Taylor Wessing

In a recent ruling, the Court of Appeal confirmed that administrators owe a duty to all creditors and cannot be held personally liable for the economic loss of a creditor where no special relationship exists. In coming to its decision, the court showed a willingness to look at the commercial realities of the decisions that administrators must make on a daily basis.

Author: Stuart Broom
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