The Weekly Law Reports
[2018] 2 WLR 636
Court of Appeal
SAW (SW) 2010 Ltd and another v Wilson and others
[2017] EWCA Civ 1001
2017 June 20;
July 25
July 25
Arden, Briggs LJJ
Company— Debenture— Floating charge— Company purporting to secure borrowing by creation of qualifying floating charge— Whether floating charge valid if company’s property already subject to fixed charge— Whether floating charge enforceable— Whether lender empowered to appoint administrators—
Insolvency Act 1986 (c 45) (as amended by Enterprise Act 2002 (c 40), s 248, Sch 16), Sch B1, paras 14, 16