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 [2019] EWCA Civ 112’ held in Manchester this week.

In the session, David Mohyuddin QC and Carly Sandbach from our insolvency department reviewed the very recent decision of the Court of Appeal.

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.”

Save the date for our Annual Insolvency Conference 2019, which is confirmed to take place on 16th October (Leeds) and 17th October (Manchester).

For more information about upcoming seminars and events, visit our seminars page. Alternatively, get in touch with Jo Stapley (Seminars and Training Manager).