English court gives “helpful” guidance on valuation and good faith in the appropriation context
The joint venture produced steering knuckles for automotive steering systems (Credit: shutterstock/ ilmarinfoto)
The English High Court has considered the requirement for conducting a valuation “in a commercially reasonable manner” when exercising the self-help enforcement remedy of appropriation for what lawyers say is the first time, in a decision that could provide future guidance for Part 26A restructuring plan valuations too.
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