Exchange Chambers holds successful seminar on BTI v Sequana
March 1, 2019
Over 60 delegates attended Exchange Chambers’ latest seminar ‘Dividends, defrauding creditors and directors’ duties: BTI 2014 LLC v Sequana SA  EWCA Civ 112’ held in Manchester this week.
The case concerned two questions. First, is section 423 of the Insolvency Act 1986 capable of applying to the payment of otherwise lawful dividends? Second, when and in what circumstances does the duty of directors arise to have regard to the interests of creditors?
David and Carly discussed the Court of Appeal’s reasoning and answers to those two questions, offered their views on the case and identified further questions that now arise.
Feedback from the event included:
“Incredible simplicity applied to main issues from a ridiculously complex case. So helpful for those junior in profession.”
“Very good seminar.”
“Very easy booking process. All very good.”
David Mohyuddin QC and Carly Sandbach are members of the commercial team at Exchange Chambers. The team is recommended as a Band 1 Leading Set in Chambers and Partners 2019, and is described as “one of the premier sets in the North for high-level general commercial litigation and insolvency-related work.”