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Last Thursday, in
Re Scottish Environmental Protection Agency & Others [2013] CSIH 108, the
Court of Session (Inner House) delivered an important decision concerning insolvency law in Scotland. Overturning the decision of the Lord Ordinary (
[2013] CSOH 124), the court unanimously held that, in the absence of a specific power to do, a liquidator has no power to divest the company of a real right in land by unilateral disclaimer whereby the land would become
bona vacantia.
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