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Insolvency

7 August 2017

In re Nortel Networks UK Ltd and related companies (No 2) [2017] EWHC 1429 (Ch)

6; 16 June 2017 Chancery Division: Snowden J

Insolvency — Administration — Expenses of administration — Administrators seeking directions in respect of potential expense claims — Court’s power to give directions — Insolvency Act 1986 (c 45), Sch B1, para 63

The applicants, the administrators of companies in the same group, were aware of a number of potential claims, which might if established, qualify as administration expenses (“expense claims”), and thereby rank for payment in priority to the claims of unsecured creditors. Neither the Insolvency Act 1986, nor the Insolvency Rules 1986, nor...

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