Re Hawk Insurance Company Ltd

JurisdictionEngland & Wales
JudgeLORD JUSTICE CHADWICK,LORD JUSTICE PILL,MR JUSTICE WRIGHT
Judgment Date23 February 2001
Neutral Citation[2001] EWCA Civ 241
Docket NumberCase No: 2000/0033/A3
CourtCourt of Appeal (Civil Division)
Date23 February 2001
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156 cases
  • Re Millstream Recycling Ltd
    • Ireland
    • High Court
    • 9 March 2010
    ...COMPANIES ACT 1963 S201 COMPANIES ACT 1963 S201(2) COMPANIES ACT 1963 S201(3) COMPANIES ACT 1985 S425 (UK) HAWK INSURANCE CO LTD, IN RE 2002 BCC 300 2001 2 BCLC 480 PYE (IRL) LTD, IN RE UNREP COSTELLO 11.3.1985 1985/3/652 PALMER & SCHMITTHOFF PALMERS COMPANY LAW 23ED 1982 PRACTICE STATEMENT......
  • Re British Aviation Insurance Company Ltd
    • United Kingdom
    • Chancery Division
    • 21 July 2005
    ...in the course of being wound up, on the liquidator and contributories of the company" Overview 54 As Chadwick LJ pointed out in Re Hawk Insurance Co Ltd [2001] 2 BCLC 480 the approval of a scheme of arrangement is a three-stage process. Since the opposing creditors make criticisms of each s......
  • Re Telewest Communications Plc
    • United Kingdom
    • Chancery Division
    • 21 June 2004
    ...which the terms of the scheme should be assessed are their rights in a liquidation. This applies the principle established in Re Hawk Insurance Co Ltd [2001] 2 BCLC 480 and other authorities. The choice of the Average Exchange Rate, as against the spot rate on the Record Date, involves a de......
  • Flynn (A Debtor) Personal Insolvency Acts
    • Ireland
    • High Court
    • 11 November 2019
    ...in Sovereign Life Assurance v. Dodd [1892] 2 QB 573 and the more recent decision of the same court in Re. Hawk Insurance Co. Ltd. [2001] 2 BCLC 480. 11 In Sabrina Douglas, Baker J. commenced her analysis of the issue by quoting from the well-known judgment of Bowen L.J. in the Sovereign L......
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4 firm's commentaries
  • Bermuda Schemes Of Arrangement: Delivering Global Restructurings And Reorganisations
    • Bermuda
    • Mondaq Bermuda
    • 21 May 2019
    ...under Section 99 of the Companies Act 1981', which follows the English Court of Appeal's decision in Re Hawk Insurance Co Ltd [2001] 2 BCLC 480 and parallels UK Practice Direction 'Scheme of Arrangements with Creditors' [2002] 3 All ER Kader Holdings Company Limited v Desarrollo Immobiliari......
  • COVID-19 UK: The Corporate Insolvency and Governance Act 2020 – The UK Restructuring Plan
    • United Kingdom
    • JD Supra United Kingdom
    • 12 October 2020
    ...[8] This rule is found in Re Hawk Insurance Co Ltd [2001] EWCA Civ 241 and codified in a Practice Statement on 15 April 2002 [9] [2002] BCC 300 at [30] [10] Re Telewest Communications [2004] BCC 342 Scott MorrisonDominic O'Brienmore information see our note on class composition in relation ......
  • English Law Schemes of Arrangement: Class Composition
    • United Kingdom
    • JD Supra United Kingdom
    • 24 August 2016
    ...so easily dismissed. 1Or, as is more typical in financial restructurings, creditors. 2This rule is found in Re Hawk Insurance Co Ltd [2001] EWCA Civ 241 and codified in a Practice Statement on 15 April Stephen PhillipsScott Morrison...
  • English Law Schemes Of Arrangement: Class Composition
    • United States
    • Mondaq United States
    • 30 August 2016
    ...dismissed. Footnotes Or, as is more typical in financial restructurings, creditors. This rule is found in Re Hawk Insurance Co Ltd [2001] EWCA Civ 241 and codified in a Practice Statement on 15 April The content of this article is intended to provide a general guide to the subject matter. S......
6 books & journal articles
  • Table of Cases
    • United Kingdom
    • Wildy Simmonds & Hill Law of Insolvent Partnerships and Limited Liability Partnerships Contents
    • 29 August 2015
    ...2 EGLR 15 235 Harris Bus Co Ltd, Re [2000] BCC 1151 142, 160 Harrison-Broadley v Smith [1964] 1 WLR 456 20 Hawk Insurance Co Ltd, Re [2001] EWCA Civ 241, [2001] 2 BCLC 480 24, 25, 28, 29, 30, 31, 37 Hawkes Hill Publishing Co Ltd (in liq), Re [2007] BCC 937 550 Henry Pound, Son & Hutchins, R......
  • Schemes of arrangement
    • United Kingdom
    • Wildy Simmonds & Hill Law of Insolvent Partnerships and Limited Liability Partnerships Contents
    • 29 August 2015
    ...plc [2000] 1 BCLC 740 at 742. 10 Practice Statement (Companies: Schemes of Arrangement) [2002] 1 WLR 1345. 11 Re Hawk Insurance Co Ltd [2001] EWCA Civ 241, [2001] 2 BCLC 480 at [12]. 12 Re Hawk Insurance Co Ltd [2001] EWCA Civ 241, [2001] 2 BCLC 480 at [12]. have been met, whether the class......
  • Debt Restructuring and Notions of Fairness
    • United Kingdom
    • Wiley The Modern Law Review No. 80-4, July 2017
    • 1 July 2017
    ...on a change in77 Practice statement [2002] I WLR 1345.78 Companies Act 2006, s 899(1).79 See, for example, Re Hawk Insurance Co Ltd [2001] 2 BCLC 480 at [23].80 Primacom Holding GmbH vA Group of the Senior Lenders & Credit Agricole [2013] BCC 201 at[49].612 C2017 The Author. The Modern Law......
  • Insolvency Law
    • Singapore
    • Singapore Academy of Law Annual Review No. 2012, December 2012
    • 1 December 2012
    ...to vote the full amount of his contingent claim as if it had actually been proven. Agreeing with the approach taken in Re Hawk Insurance[2001] 2 BCLC 480, the Court of Appeal held that in future cases, a proposed scheme should provide for the differential weighting of claims at the stage of......
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