Serving notice to appoint an administrator to a qualifying floating charge holder outside the jurisdiction: the tension in the Insolvency Rules and the CPR

Monika Lorenzo-Perez and Raphaelle Driver of Squire Patton Boggs examine a recent decision where the High Court held that court permission was not required to serve a notice of intention to appoint administrators on a qualifying floating charge holder outside the jurisdiction, while warning that the decision sits uneasily with the Insolvency Rules and CPR and leaves practitioners needing to take particular care over service methods, timing and evidence of receipt.

Read more.