The U.K. Supreme Court / Courtesy Photo UK Supreme Court Rejects Solicitors' Plea to Be Prioritised Above Other Creditors in Client's Insolvency
The landmark decision offers cautionary lessons to solicitors involved with clients entering an insolvency process.
December 21, 2022 at 07:31 AM
2 minute read
Litigation
The U.K. Supreme Court has ruled that a solicitors firm had waived its right to be prioritised over other creditors after its client entered the insolvency process—a landmark decision that could have a knock on effect on other firms looking to be paid first in similar insolvency situations.
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