Fee Earner:

We advised the Liquidator of XYZ Limited on various claims against the former directors relating to transac-tions entered into between the company and its directors prior to Liquidation.

We acted on a formal CFA and with ATE insurance which allowed substantial claims to be progressed for the benefit of creditors which would otherwise not be capable of being pursued.

The proceedings were defended and listed for a 3 day trial. All claims were settled prior to the trial as a result of detailed negotiations and on payment of £300,000 to the Liquidator.