In re Lydian Intl. [2020] 1 JLR 65 (17 March 2020)

In re Lydian Intl. [2020] 1 JLR 65 (17 March 2020)

The court found that Lydian International Ltd. was insolvent and unable to pay its debts, justifying winding up.

Citation
[2020] 1 JLR 65
Parties
Applicant: Lydian International Ltd.
Jurisdiction
Jersey
Judgment Date
17 March 2020
Procedural Posture
Corporate Insolvency / Judgment
Outcome
company ordered to be wound up
Legal Topics
Winding Up, Liquidation
Corporate Law Insolvency Winding Up Liquidation

Case Brief

Summary, issues, holding and outcome

More case intelligence is available

Unlock the full research layer for this judgment.

Full judgment text Downloadable case file Legal principles 1 Authorities cited 1 Party arguments 2
Sign in to unlock

Parties

Lydian International Ltd.

Applicant

Procedural Posture

Corporate Insolvency / Judgment

Legal Issues

  1. 1 Whether Lydian International Ltd. should be wound up under insolvency proceedings

Ratio Decidendi

The court found that Lydian International Ltd. was insolvent and unable to pay its debts, justifying winding up.

Court Disposition

company ordered to be wound up

Orders

  • Lydian International Ltd. is to be wound up under the relevant insolvency provisions