Ayala Holdings Ltd, Re (No 2)

JurisdictionEngland & Wales
Date1996
CourtChancery Division
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14 cases
  • The Companies Law (2013 Revision) the Sphinx Group of Companies in Official Liquidation)
    • Cayman Islands
    • Grand Court (Cayman Islands)
    • 10 June 2014
    ...and liberties conferred upon liquidators as such, as officers of the Court, acting under the Court's supervision or direction. 123 In Ayala Holdings (No. 2) [1996] 1 BCLC 467, Knox J. said (at 480i – 481b) that for such powers to be unilaterally assignable, would not have been in contemplat......
  • Ruttle Plant Ltd v Secretary of State for Environment Food and Rural Affairs
    • United Kingdom
    • Queen's Bench Division (Technology and Construction Court)
    • 30 April 2008
    ...the first aspect, concerning the assignment of rights of a liquidator under statute, reliance was placed on the judgment of Knox J in Re Ayala Holdings Ltd [1996] 1 BCLC 467. He referred at 483 B to: “… the fundamental distinction between assets of a company and rights conferred upon a liqu......
  • Rattle Plant Hire Ltd v Secretary of State for the Environment Food and Rural Affairs (No. 2)
    • United Kingdom
    • Queen's Bench Division (Technology and Construction Court)
    • 20 March 2008
    ... ... 23 I have been referred to Cambridge Gas Transportation Corpn v. Official Committee of Unsecured Creditors of Navigator Holdings plc [2006] 3 WLR 689 where on an appeal from the Isle of Man, Lord Hoffmann giving the advice of the Privy Council said at paras 14 and 20 “In ... ...
  • Manolete Partners Plc v Hayward and Barrett Holdings Ltd
    • United Kingdom
    • Chancery Division
    • 2 June 2021
    ...sold) and the rights conferred by statute upon a liquidator in relation to the conduct of the liquidation: Re Ayala Holdings Ltd (No 2) [1996] 1 BCLC 467, 480. The Applicant cannot take an assignment of the office. The Applicant is not a creditor or 31 There is no argument that section 212 ......
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1 firm's commentaries
  • Cross Border Comity In The Cayman Islands: The Picard V Primeo Decision
    • Cayman Islands
    • Mondaq Cayman Islands
    • 24 September 2014
    ...1 April 2010) and the line of English authorities including Re MC Bacon Ltd (No 2) [1991] Ch 127 and Re Ayala Holdings Ltd (No 2) [1996] 1 BCLC 467. 6 [2012] UKSC 7 [2007] 1 AC 508. 8 [2013] CA (BDA) 7 CIV. The Privy Council heard the appeal in April 2014 and has reserved its decision. 9 [2......
2 books & journal articles
  • Table of Cases
    • United Kingdom
    • Wildy Simmonds & Hill Watson-Gandy On Corporate Insolvency Practice - 2nd Edition Contents
    • 29 August 2017
    ...56 (Oct) 14 Atkinson v Corcoran [2011] EWHC 3484 (Ch) 351 Ayala Holdings Ltd, Re [1993] BCLC 256, ChD 378 Ayala Holdings Ltd (No 2), Re [1996] 1 BCLC 467, ChD 305 Banque Arabe Internationale d’Investissement SA v Morris [2002] BCC 407, [2001] 1 BCLC 263, (2000) 97(42) LSG 43, ChD 351, 352, ......
  • Application for a declaration that a transaction is invalidated by virtue of section 127 of the insolvency act 1986
    • United Kingdom
    • Wildy Simmonds & Hill Watson-Gandy On Corporate Insolvency Practice - 2nd Edition Contents
    • 29 August 2017
    ...Insolvency Act 1986. 6 It would appear that the liquidator cannot assign the right to bring proceedings: Re Ayala Holdings Ltd (No 2) [1996] 1 BCLC 467. It is plainly arguable that interested parties, if they can show an interest, have the right to seek declaratory relief that a transaction......

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