Earlier this week the Court of Appeal gave judgment in Organic Grape Spirit Ltd v Nueva IQT, SL [2020] EWCA Civ 999, an important decision on the scope of a freezing order and the extent to which it permitted within "the ordinary and proper course of businesses" - or should be amended to permit - a company to invest in a fledgling business. A summary of the decision has been published by the ICLR: see [2020] WLR(D) 443.
Thursday 30 July 2020
UK: England and Wales: companies, freezing orders and the pursuit of a fledgling business
Earlier this week the Court of Appeal gave judgment in Organic Grape Spirit Ltd v Nueva IQT, SL [2020] EWCA Civ 999, an important decision on the scope of a freezing order and the extent to which it permitted within "the ordinary and proper course of businesses" - or should be amended to permit - a company to invest in a fledgling business. A summary of the decision has been published by the ICLR: see [2020] WLR(D) 443.
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