11 Apr, 2018
In a long-awaited judgment, Snowden J has dismissed claims by Ms Davey that administrators of Angel House Developments Ltd acted in breach of duty by accepting directions and instructions from the bank appointing them as to the conduct of the administration or that this led to a sale of the company’s only asset at an undervalue. Stephen Davies QC and Neil Levy acted for Ms Davey at the trial of the case in April-June 2016. Although turning largely on findings of fact, the lengthy judgment provides important guidance on the duties of administrators and the potential liability of banks if they intermeddle in an administration.
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