Kenneth M Krys (as Liquidator of Fairfield Sentry Ltd (In Liquidation)) v Farnum Place LLC (Virgin Islands)
The Privy Council allowed a liquidator’s appeal, holding the Court of Appeal should have considered the successful US appeal as a material change in circumstances.
- Liquidator sanction
- Approval of asset sale
- Exercise of judicial discretion
- Material change in circumstances
- Insolvency
- Contract-law