TITLE

DLA Piper's success in Adders case a relief for administrators

AUTHOR(S)
Power, Helen
PUB. DATE
February 2005
SOURCE
Lawyer;2/21/2005, Vol. 19 Issue 7, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that the law firm DLA PIPER Rudnick Gray Cary's insolvency team has won a High Court case that could have jeopardised the sell-off of department store Allders PLC. The case also had far-reaching implications for insolvency professionals. The High Court held an expedited hearing to determine whether, as the Insolvency Service claimed, redundancy and other pay- ments to employees should be paid out of administration expenses, which would have jeopardised the fees of administrators and their lawyers' insolvency in London Stephen Halladay added that insolvency professionals would have found it difficult to accept instructions on some administrations due to concerns that they were not financially viable.
ACCESSION #
16314173

 

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