United Kingdom uncategorized

Money Markets International Stockbrokers Ltd (in liquidation) v London Stock Exchange Ltd

[2001] EWHC 1052 (Ch); [2002] 1 WLR 1150

JurisdictionUnited Kingdom

CourtHigh Court of England and Wales (Chancery Division)

Year2001

StatusPersuasive authority

Key Principle

A contractual provision divesting an asset on insolvency does not offend the anti-deprivation rule where the asset is incapable of free transfer and is inseparably bound up with a membership right legitimately forfeitable on default.

Area of Law

Related Cases

Salford Estates (No 2) Ltd v Altomart Ltd (No 2) [2014] EWCA Civ 1575; [2015] Ch 589; [2015] 1 WLR 1825

Cambridge Gas Transport Corp v Official Committee of Unsecured Creditors of Navigator Holdings plc [2006] UKPC 26; [2007] 1 AC 508 (PC)

Re Charnley Davies Ltd (No 2) [1990] BCLC 760; [1990] BCC 605 (Ch D, Millett J)

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