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  • Desai v Wood: Court of Appeal confirms treatment of liability insurance proceeds in liquidation

Desai v Wood: Court of Appeal confirms treatment of liability insurance proceeds in liquidation

Tim Carter and Helen Martin of Stevens & Bolton summarise a recent Court of Appeal decision which reaffirms that liability insurance proceeds received by an insolvent company are not held on trust for the claimant to which the company owed the relevant liability, but form part of the company’s insolvent estate.