Control of property sales in insolvency: charge holder vs administrator

Chloe Mannings and Darrell Chiheb of Trowers and Hamlins share that the High Court backed an administrator-led sale in Milltom Builders v Waterfield Developments, ruling that even a priority charge holder can be sidelined where independence concerns, broader creditor interests and statutory safeguards make an administrator the safer pair of hands for realising the asset.

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