Hearings
England & Wales
19 Feb 2013 [2013] EWCA Civ 92; [2013] Ch 506; [2013] 2 WLR 1398; [2013] 2 BCLC 313; [2013] BPIR 432; [2013] BCC 450; [2013] WLR (D) 70, CA (Mummery, Patten, Treacy LJJ)
In re Danka Business Systems plc
Additional names
Ricoh Europe Holdings BV v Spratt
Subject Matter
COMPANY — Winding up — Distribution of assets — Members’ voluntary liquidation — Liquidators serving notices on creditors proposing final distribution of company’s assets to creditors — Creditor having contingent claims against company in form of indemnities — Creditor requesting liquidators to defer distribution until contingent claims crystallising or to reserve assets to cover claims in full — Whether liquidators obliged to reserve assets to provide for contingent claims in full — Whether valuation of contingent claims under indemnity to guarantee 100% return on indemnity — Insolvency Act 1986, s 107 — Insolvency Rules 1986, r 4.86(1)
[2013] EWCA Civ 92; [2013] Ch 506; [2013] 2 WLR 1398; [2013] 2 BCLC 313; [2013] BPIR 432; [2013] BCC 450; [2013] WLR (D) 70, CA
Appellate History
In re Danka Business Systems plc [2012] EWHC 579 (Ch)
Decision of Judge Pelling sitting as a judge of the Chancery Division affirmed
In re Danka Business Systems plc [2013] EWCA Civ 92; [2013] Ch 506; [2013] 2 WLR 1398; [2013] 2 BCLC 313; [2013] BPIR 432; [2013] BCC 450; [2013] WLR (D) 70, CA