On appeal from: [2008] EWCA 1303. Concerns issues around the construction of a trust deed, priority of payment and pari passu distribution.

By a majority of four to one, allowed the appeal by other creditors whose debts fell due after the realisation period.

JUSTICES: Lord Hope (Deputy President), Lord Scott, Lord Walker, Lord Mance and Lord Collins

For judgment, please download: [2009] UKSC 2
For Court’s press summary, please download: Press Summary

Tags: , , ,