First ever unsecured credit bid approved by the Courts - Re Sova Capital Ltd [2023] EWHC 452 (Ch)

Michael Duncan of Burges Salmon comments on the High Court's recent decision approving an unsecured credit bid in the administration of Sova Capital, suggesting that courts are taking a practical approach to sanctions-related administrations and assisting administrators in finding ways to realise value for creditors who might otherwise have had to wait indefinitely.

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