8 Oct 2015
RE COMPANY C
- Citation
- RE COMPANY C
- Court
- Court of First Instance
- Case number
- HCCW637/2006
Leave to enter the proposed funding arrangement was granted because the arrangement was in the interests of creditors, on satisfactory terms, ensured that the liquidators retained control of the litigation, limited the risk of improper influence by the funder, and was pragmatically necessary given the composition of the creditor class; the commercial character of the funder did not, on these facts, render the arrangement contrary to the rules against maintenance and champerty.