Matthew Collings KC and Tim Calland appeared on behalf of the successful claimants seeking to recover misappropriated property interests in two hotels that were the subject of a failed fractional ownership investment scheme on behalf of the insolvent entities that own them.

In this complex and long-running claim they worked alongside solicitors from Howes Percival LLP and were instructed by the liquidators from Grant Thornton UK LLP.  Together, they were able to successfully unpick a number of questionable transactions that left the vehicles through which the scheme was effected without any assets of value.

The claim involved wide-ranging issues, including directors’ duties, want of authority, S.423 of the Insolvency Act 1986 and land-registration law.

The judgment can be viewed here.