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Q&As

A seller is in voluntary liquidation. The draft transfer of part to the buyer grants new easements. Can the liquidators validly grant the easements?

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Published by a ��ɫ�� Restructuring & Insolvency expert

Published on: 17 June 2021

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This Q&A assumes that the company is in creditors' Voluntary liquidation.

A liquidator's powers in a creditors' voluntary winding-up are set out in sections 165–166 of, and Schedule 4 to, the Insolvency Act 1986 (IA 1986). These powers are wide and include in particular:

•
the power to compromise, on such terms as may be agreed, debts and Liabilities capable of resulting in debts
•
the power to carry

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Jurisdiction(s):

United Kingdom

Key definition:

Voluntary liquidation definition

What does Voluntary liquidation mean?

liquidation not involving the court, either members voluntary liquidation (MVL) for solvent companies, or creditors voluntary liquidation (CVL) for insolvent companies.

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