Public interest: winding up | Practical Law

Public interest: winding up | Practical Law

The High Court has held that the operation of a business rates avoidance scheme that misused the insolvency legislation was sufficient grounds to wind up a company in the public interest, but the operation of a tax avoidance scheme was not.

Public interest: winding up

Practical Law UK Articles 1-618-8552 (Approx. 3 pages)

Public interest: winding up

by Clifford Chance LLP and Practical Law Restructuring and Insolvency
Published on 24 Sep 2015
The High Court has held that the operation of a business rates avoidance scheme that misused the insolvency legislation was sufficient grounds to wind up a company in the public interest, but the operation of a tax avoidance scheme was not.