Thursday 3 February 2022

Isle of Man: call to replace 1934 Winding-up Rules with "modern, workable code"

In a recent judgment - Ltd Liability Companies Act 1996 and Companies Act 1931 and Broadsheet LLC and Roger Harper (CHP21/038, 31 January 2022) (here, pdf) - the court described the Companies (Winding-up) Rules 1934 (here, pdf) as "archaic" and called (again) for them to be replaced with a "modern, workable code".

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