Office holders' liability for conversion

Section 234 of the Insolvency Act 1986 protects a liquidator from a claim in conversion.

The claimant director (Mr Bhabra), companies set up by the claimant and various family members of the claimant were all involved in the television and broadcasting industry, operating from a property referred to as the Studio. Valuable equipment was located at the Studio. HDS, one of the family companies, went into administration and then, in 2004, into liquidation.

The defendants were appointed as administrators and then liquidators of HDS. They sold assets that they believed belonged to that company to a third-party purchaser and subsequently surrendered the lease of the Studio. The claimants disputed that the assets were owned by HDS and brought proceedings against the liquidators for conversion of the items sold and those remaining in the Studio at the time of the surrender…

If you are registered and logged in to the site, click on the link below to read the rest of the Taylor Wessing briefing. If not, please register or sign in with your details below.

Briefings from Taylor Wessing

View more briefings from Taylor Wessing

Analysis from The Lawyer

  • merger deal

    Corporate crunch time: who will triumph at The Lawyer Awards 2014?

    As the equity capital markets rocketed back into favour and global M&A saw at least a partial return to form, there have been some rich pickings for The Lawyer’s Corporate Team of the Year award shortlisted firms in 2014. 

  • singapore orchid

    Singapore: Cash course

    The city-state is working hard to become a global wealth management hub, and law firms are gearing up for a prosperous new world

View more analysis from The Lawyer


5 New Street Square

Turnover (£m): 228.00
No. of lawyers: 860
Jurisdiction: UK
No. of offices: 4
No. of qualified lawyers: 67 (International 50)