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In BXL Services, an English High Court decision of 10 July 2012, Judge Purle has stated that it is now "settled law" that a failure by directors to notify the Company of their intention to appoint administrators does not result in the appointment being invalid
BXL is the latest in a series of High Court decisions, some of them reaching contradictory conclusions, on whether a failure to comply with the requirement for notice of intention to appoint administrators to be given by the directors to the Company itself and to various other parties set out in the Rules invalidated an administration appointment
Harper Macleod has seen its Banking practice bolstered by the addition of new Partner Tony Cameron who joins the firm from MacRoberts. Tony brings to Harper Macleod substantial experience in acting for both lenders and borrowers in a wide range of transactions and sectors having acted for a range of well-known Scottish businesses and spent time on secondment in a non-legal role within the corporate and structured finance team of a major UK bank. He joins a team which already acts for some of the world’s largest banks and financial institutions.
Professor Lorne Crerar, Chairman of Harper Macleod, said: “We are very pleased to welcome Tony to our highly regarded Banking team. Tony brings a wealth of experience to the team and already has strong relationships in the Scottish banking market. He is sharply focused upon the requirements of lenders and also provides an understanding of banks’ processes and motivations to achieve the best outcomes for borrowers.“