Soden v British and Commonwealth Holdings plc AC 298 is a UK insolvency law case, decided in the House of Lords. It decided that damages for negligent misrepresentation inducing purchase of company shares are not "sums due" to shareholders for the purpose of the Insolvency Act 1986, s 74(2)(f), so that a claim for such damages is not subordinated to claims from other creditors.
Read more about Soden V British And Commonwealth Holdings Plc: Facts, Judgment, See Also
Famous quotes containing the words british, commonwealth and/or holdings:
“Jane Hudson: Bravo.
Rosano Brazzi: Grazie.
Jane Hudson: Prego. That about concludes my entire performance in Italian.”
—H.E. Bates, British screenwriter, and David Lean. Jane Hudson (Katherine Hepburn)
“I’the commonwealth I would by contraries
Execute all things; for no kind of traffic
Would I admit; no name of magistrate;
Letters should not be known; riches, poverty,
And use of service, none; contract, succession,
Bourn, bound of land, tilth, vineyard, none;
No use of metal, corn, or wine, or oil;
No occupation; all men idle, all,
And women too, but innocent and pure.”
—William Shakespeare (1564–1616)
“Polarized light showed the secret architecture of bodies; and when the second-sight of the mind is opened, now one color or form or gesture, and now another, has a pungency, as if a more interior ray had been emitted, disclosing its deep holdings in the frame of things.”
—Ralph Waldo Emerson (1803–1882)