UK Supreme Court seals Candey fee priority dispute in Peak Hotels liquidation
British Virgin Islands: Peak Hotels' place of incorporation (Credit: Shutterstock.com/bypty)
London disputes boutique Candey has lost a years-long fight to recoup around £4 million in legal fees in priority to other creditors of an insolvent hotelier, after the UK Supreme Court found it waived an equitable lien when it entered into a new fee arrangement with the company pre-liquidation.
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