Insolvency: What rights need to be considered?

Nat Young writes for the Financial Director on lessons learned from the recent Monarch insolvency case. To see the full article, click here.

After Monarch's demise made the headlines, attention has now turned to the courtroom battle over their take-off and landing slots. Initially unsuccessful in the High Court, the administrators have now succeeded in overturning that judgment in the Court of Appeal. It now seems that they will be able to sell Monarch’s slots at Gatwick and Luton, which are said to be worth up to £60 million.

This decision turned on issues of aviation law, such as whether Monarch was still an ‘air carrier’ – a far cry from the issues that arise in more mundane administrations. However, it was a useful reminder that administration not only affects the ability of a company to keep trading, it can also affect the value of its assets.

To read the full article, click here.

© SA LAW 2019

Every care is taken in the preparation of our articles. However, no responsibility can be accepted to any person who acts on the basis of information contained in them alone. You are recommended to obtain specific advice in respect of individual cases.

CONTACT NAT

If you would like more information or advice relating to this article or a Commercial Litigation & Dispute Resolution law matter, please do not hesitate to contact Nat Young on 01727 798034.
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