TITLE

Penningtons acts for Bank of India in BCCI appeal

AUTHOR(S)
Harris, Joanne
PUB. DATE
January 2005
SOURCE
Lawyer;1/24/2005, Vol. 19 Issue 3, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that Penningtons had its piece of the Bank of Credit and Commerce International (BCCI) pie as the Court of Appeal heard an offshoot of the case, which at the last count had generated more than 40m pound in legal fees. Lovells, advising Deloitte in its capacity as BCCTs liquidator, faced the Bank of India, advised by Penningtons. The judge found that Bol chief manager for Great Britain and Europe KL Samant had been involved in circular transactions between Bol and BCCI.
ACCESSION #
15954122

 

Related Articles

  • Winding up is not execution.  // Credit Management;Jun2005, p12 

    This article reports that in the case of Ridgeway Motors Ltd.-v-Alts Ltd., the Court of Appeal held that a Winding Up Petition on a judgment over six years old was not barred by the Limitation Act 1980. This upheld the decision of the judge of first instance. Ridgeway Motors Ltd. had applied to...

  • Liquidating concerns. Robertson, Rosemary; Crossland, Kalev // Chartered Accountants Journal;Jun2010, Vol. 89 Issue 5, p50 

    The article discusses the standing of liquidators to sue in their own names. It mentions that liquidators can sue using their own names where the right to be enforced is either specifically granted to the liquidator or an action taken in the liquidation of the company does not specifically vest...

  • Bankrupt QuikCat's assets go on the block. Jackson, Tom // Crain's Cleveland Business;5/10/2004, Vol. 25 Issue 19, p8 

    All of debt-ridden QuikCat.Com Inc. of Mayfield Village, Ohio, will be sold in a Bankruptcy Court auction scheduled for next week. At one time a promising technology company, QuikCat makes software for accelerating dial-up connections to the Internet. All the company's assets are for sale,...

  • Buying from an administrator. Morrison, David // Caterer & Hotelkeeper;5/8/2009, Vol. 199 Issue 4576, p38 

    The article offers advise on legal and practical issues to be considered when buying a business that's in administration. Usually the buyer has to honor the terms of employment that existed prior to the sale of the business and should identify the main liabilities it has and understand its...

  • The Companies winding-up rules amended.  // Accountancy;Oct77, Vol. 88 Issue 1010, p18 

    The article reports on the amendment by the Companies (Winding-up) (Amendment No. 2) Rules 1977 of the Companies (Winding-up) Rules 1949 in Great Britain. Rules 1977 were applied to applications made under section 9 of the Insolvency Act 1976 for the disqualifications of directors of insolvent...

  • Fraudulent traders. D. K.; Kennan, Denis // Accountancy;Dec2001, Vol. 128 Issue 1300, p82 

    This article presents ruling on the case Morphites versus Bernasconi which deals with fraudulent trading in Great Britain. The High Court has ruled that directors who made representations that a company would meet its rental obligations on certain of its leases of property, when they had no...

  • Metabolife Continues Its Search for Buyer. Allen, Mike // San Diego Business Journal;10/17/2005, Vol. 26 Issue 42, p1 

    Reports on the search of Metabolife International Inc. of a buyer after Ideasphere backed out of an arranged sale in the U.S. Expectation for company bankruptcy attorney David Osias for the sale to be concluded in 2005; Reason for the withdrawal of the offer of Ideasphere; Involvement of the...

  • Back to the Basics: Leaving the Hanging Paragraph Hanging. Hudalla, Nicholas M. // DePaul Business & Commercial Law Journal;Winter2009, Vol. 7 Issue 2, p357 

    The article discusses the different viewpoints involved in a bankruptcy proceeding especially regarding the unnumbered paragraph below Section 1325(a) referred to as "hanging paragraph." Reference cases are provided such as U.S. v. Ron Pair Enterprises Inc., Dewsnup v. Timm, and Till v. SCS...

  • Comment. Keenan, Denis // Accountancy;Feb1990, Vol. 105 Issue 1158, p48 

    The article presents the author's opinion on a winding-up order case. So, in some circumstances, a winding-up order will be appropriate, in others a petition under Section 459 of the Insolvency Act 1986 may be allowed, for instance, where the majority makes no offer to purchase the minority...

Share

Read the Article

Courtesy of

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics