Hartmann Capital Ltd & Ors, Re Investment Bank Special Administration Regulations 2011

Hartmann Capital Ltd & Ors, Re Investment Bank Special Administration Regulations 2011

Administrators appointed under the Investment Bank Special Administration Regulations 2011 are not covered by the exemption in article 4 of the 2013 Order, as they are not appointed pursuant to Part II of the Insolvency Act 1986.

Parties
Applicant: Hartmann Capital Limited; Applicant: Andrew Andronikou; Applicant: Peter Kubik
Jurisdiction
England and Wales
Judgment Date
13 May 2015
Procedural Posture
Application / Judgment
Outcome
application dismissed
Legal Topics
Special Administration, Conditional Fee Agreements, Funding Regime, Statutory Interpretation

Case Brief

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Parties

Hartmann Capital Limited

Applicant

Andrew Andronikou

Applicant

Peter Kubik

Applicant

Procedural Posture

Application / Judgment

  1. 1 Whether administrators appointed under the Investment Bank Special Administration Regulations 2011 are entitled to the funding regime exemption under article 4 of the Legal Aid, Sentencing and Punishment of Offenders Act 2012 (Commencement No 5 and Saving Provisions) Order 2013

Ratio Decidendi

Administrators appointed under the Investment Bank Special Administration Regulations 2011 are not covered by the exemption in article 4 of the 2013 Order, as they are not appointed pursuant to Part II of the Insolvency Act 1986.

Court Disposition

application dismissed