Read the full judgment text of HCCW 384/2006 on BabelCite. This High Court CFI judgment was delivered on 8 October 2015.
1. I have before me an application issued by the Liquidators of 7 companies, which for reasons of confidentiality I shall refer to only as “the Companies”, seeking leave to enter a funding arrangement, which will enable the Companies to pursue a claim, which the Liquidators believe it is likely it will otherwise have to abandon. The vast majority of the Companies’ debt is held by bond holders and it is unrealistic, say the Liquidators, which I accept, to approach them individually and to try an
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