Secured status, vesting orders and the limits of section 375 of the Insolvency Act 1986

Tom Paton and Hannah Lambert of Irwin Mitchell share that the High Court has confirmed vesting orders under avoidance claims operate prospectively, not retrospectively, and section 375 of the Insolvency Act 1986 cannot be used to revive failed security or elevate an unsecured creditor above the pari passu distribution regime.

Read more.