Case No. CR-2019-LDS-000669

237.The Hughes family have owned and managed a number of companies over the years. Two such companies were JLD Metals Limited (“JLD Metals”) and JLD (Holdings) Limited (“JLD Holdings”). The latter company, as its name suggests, was the holding company of JLD Metals. Both companies went into administrative receivership on 13 November 1992 when Mr Katz and Mr Gleave of Arthur Anderson were appointed joint administrative receivers of each of the companies. There is in evidence before me two reports of meetings of creditors held on 12 February 1993, one for each company (the “JLD Reports”).238.From those reports, the following can be gleaned. By the time of the administrative receivership, JLD Holdings held 70,100 of the issued ordinary shares in JLD Metals, and John held one such share. The shares in JLD Holdings were held as follows:Charles 52,500Nora 52,500John 37,500Lisa