Deposit validly forfeited after non-completion of business sale by company in administration (High Court) | Practical Law

Deposit validly forfeited after non-completion of business sale by company in administration (High Court) | Practical Law

In Amble Assets LLP and another v Longbenton Foods Ltd [2011] EWHC 3774 (Ch) (21 July 2011), the High Court considered whether a purchaser, who failed to complete the purchase of a business from a company in administration, could reclaim its deposit from the seller.

Deposit validly forfeited after non-completion of business sale by company in administration (High Court)

by PLC Restructuring and Insolvency
Published on 23 Nov 2011 • England, Wales
In Amble Assets LLP and another v Longbenton Foods Ltd [2011] EWHC 3774 (Ch) (21 July 2011), the High Court considered whether a purchaser, who failed to complete the purchase of a business from a company in administration, could reclaim its deposit from the seller.