Office holders' liability for conversion
‘Conversion’ consists of an act of deliberately dealing with goods in a manner inconsistent with the owner’s rights to use the goods, thereby depriving the owner of those rights. It is not necessary for the offence to have been committed deliberately, only for the act of dealing with those goods to have been deliberate.
Officeholders, including receivers, may be required to dispose of, or deal with, properties, plant and machinery, stock, and fixtures and fittings. All of these are capable of giving rise to a liability in conversion.
In Euromex Ventures Ltd v BNP Paribas Real Estate Advisory and Property Management UK Ltd the defendants were appointed as administrators of HDS Studios Limited (HDS). HDS later went into compulsory liquidation and the defendants became its liquidators. HDS was the tenant of a property owned by a subsidiary company, also in administration. The defendants caused HDS to enter into a sale agreement to sell various assets situated at the property on the basis that they would remain there until sold on by the buyer. The defendants were party to that sale agreement…
If you are registered and logged in to the site, click on the link below to read the rest of the Walker Morris briefing. If not, please register or sign in with your details below.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Walker Morris
News from The Lawyer
Briefings from Walker Morris
From 1 October this year, landlords who let English properties will have to be wary of a change to the law introduced by the Deregulation Act 2015.
Landlords must protect tenants’ deposits and provide tenants with prescribed information, regardless of when the tenancy commenced and when the deposit was received.
Analysis from The Lawyer
Which firms are cutting it in this era of slimline rosters, and who are the GC new brooms making clean sweeps? The Lawyer can reveal all
The law school war shows no signs of ending. But we have, perhaps, reached the end of the beginning.