“It's hard to quantify, right now. But at a guess, I'd say it's probably more than 50% faster, at times. It's literally that quick. We've found to be an essential practical tool. We're very satisfied.”
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Stephen John Hunt v Jagtar Singh [2023] EWHC 1784 (Ch) What are the practical implications of this case? This ruling is valuable for liquidators, as it sets out a clearer pathway for certain claims alleging breach of the duty to consider creditors’ interests. While actions against directors where a company was nearing, or tottering on the brink of, insolvency remain somewhat unsettled after BTI 2014 LLC v Sequana SA [2022] UKSC 25, [2022] 3 WLR 709, a different position applies where the company was, in reality, significantly insolvent unless a liability could be successfully contested. In that circumstance, the liquidator can proceed with greater assurance. The emphasis is not on calculating the precise probability of insolvency; rather, if there was a real prospect that the challenge to the liability might fail, the duty is engaged. The decision also offers a clear warning to directors: do not bank on a final gamble and disregard creditors’ interests merely because a liability might be overturned. Practically, if such a liability exists...
For other frequently used film and TV expressions, consult: Film and TV glossary A–B, Film and TV glossary C–D, Film and TV glossary E–H, Film and TV glossary I–L, Film and TV glossary M–P, Film and TV glossary T–W. RadioPro Ltd RadioPro Ltd takes submissions from independent musicians via RadioPro.eu. Anyone performing music in a public venue may require a licence. Artists can upload tracks to RadioPro.eu and the platform will, on their behalf, present them directly to commercial and creative clients—TV programmes and series, films, adverts and documentaries—for a fee set by the artist. See Practice Note: Collecting societies. Recapture or turnaround provision ‘Recapture’ states that a licence will lapse and all rights will automatically return to the author/owner after a defined period if, by its end, the producer has not carried out specified actions. ‘Turnaround’ grants the author/owner, within a set timeframe, the ability to notify the producer requiring reassignment of certain project rights in exchange for payment of particular sums. See: Recapture and...