Appeals court affirms mortgagees owe no duties towards unsecured creditors under English law
UK High Court (Credit: iStock.com/AngelinaDimitrova)
GRR takes a look back at a Court of Appeal of England and Wales decision affirming that mortgagees who sell property in the context of a bankruptcy are not obliged to consider the claims of unsecured creditors without a recognised interest in the property – even if the proceeds of the sale might affect their chances of getting paid.
To read more
Subscribe to Global Restructuring Review
Register for limited access
Register to receive our newsletter and gain limited access to subscriber content.
Register now
Subscribe to unlock unlimited access
Get news, unique commentary, expert analysis and essential resources from the Global Restructuring Review experts.
Subscribe now