Individual Voluntary Arrangements
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Commentary
Source Currency: Issue 70, February 2026. The case of Credit Suisse Virtuoso SICAV-SIF and another v Softbank Group Corp and others [2025] EWHC 2631, the court exercised its discretion not to grant any relief even though all the elements of the s.423 claim had been made out, this is discussed at A22[16] The case of (1) Stacks Living Limited (in liquidation) (2) Staffs Furnishing Limited (in liquidation) (3) Abdulali (4) Dingley (as the Joint Liquidators of Stacks Living Limited (in liquidation) and Staffs Furnishing Limited (in liquidation) v (1) The Official Receiver (as Trustee in Bankruptcy of Balvinder Shergill) (2) Smith [2025] EWHC 2478 the bankruptcy application appeared to be an attempt by the debtor to stymie the enforcement of a judgment obtained by the applicants of over £0.5 million and the judgment creditors would amount to 96% of the unsecured debt by value, so there would be little prejudice to the general body of unsecured creditors, this is discussed at A12[28].

