Web12 BTI 2014 LLC v. Sequana S.A. [2024] UKSC 25 (UK)); The UK SC held that the directors had a responsibility to the creditors of the company even before insolvency was initiated if they knew insolvency would likely be initiated. While this case was decided on the aspect of the directors' responsibility to the creditors of the company WebOct 17, 2024 · In BTI 2014 LLC v Sequana SA and Ors [2024] UKSC 25, the very existence of this creditors duty and when it is triggered was brought centre stage before the UK’s highest court for the first time. Four of the five Supreme Court Justices produced a written decision; only Lord Kitchin relented and chose to adopt Lord Briggs’ decision instead.
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WebOct 5, 2024 · The long-awaited judgment of the UK Supreme Court in BTI 2014 LLC v Sequana SA [2024] UKSC 25 was finally handed down on 5 October 2024. The question on appeal concerned (i) whether directors must ... WebThe Supreme Court has handed down its decision in BTI 2014 LLC v Sequana. The decision has been eagerly anticipated by the insolvency industry but understand... med box assessment instructions
Supreme Court Confirms Creditors Duty For Directors
WebIn this post, Alex Tubbs, an Associate in the CMS Disputes team, comments on the UK Supreme Court’s decision in BTI 2014 LLC v Sequana SA & Ors [2024] UKSC 25, … WebOct 5, 2024 · The Supreme Court has given judgment in BTI 2014 LLC v Sequana SA [2024] UKSC 25.. Lord Reed observed that the issues on the appeal “go to the heart of … WebJan 25, 2024 · 25 Jan 2024. Construction, Procedure. Witness evidence in 2024: naming and shaming. 6 Jan 2024. ... 14 Oct 2024. Commercial, Company, Insolvency. Supreme Court decision on ‘Creditor Duty’: BTI 2014 LLC v Sequana SA and others [2024] UKSC 25. Pagination. Current page 1; Page 2; Page 3; Page 4; Page 5; Page ... pena\u0027s donuts pearland tx