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This is an appeal against an Order of ICC Judge Greenwood dated 28 November 2024 (“ the Judge ”) which dismissed the Appellants’ challenge to the Respondent’s (“ Mr Ridgley ”s) remuneration and expens
This is an appeal against an Order of ICC Judge Greenwood dated 28 November 2024 (“the Judge”) which dismissed the Appellants’ challenge to the Respondent’s (“Mr Ridgley”s) remuneration and expenses as administrator of Orthios Eco Parks (Anglesey) Limited (“OEPAL”) and Orthios Power (Anglesey) Limited (“OPAL”) and together (“the Companies”). The appeal is brought with the permission of Mr Justice Rajah.
The appeal was very well argued on both sides. In addition I was very grateful to both counsel for their care and patience in helping me navigate a large and previously unfamiliar body of complex legislation. If in the paragraphs which follow, I have nonetheless managed to get lost in the thickets, the responsibility is certainly not theirs.
- Heading
- This is an appeal against an Order of ICC Judge Greenwood dated 28 November 2024 (“ the Judge ”) which dismissed the Appellants’ challenge to the Respondent’s (“ Mr Ridgley ”s) remuneration and expens
- The background
- Ground 1: The scope of r.18.34 and Pt 18 of the 2016 Rules
- Two contextual matters
- The status of secured assets in a liquidation or administration
- The law relating to fiduciary obligations
- Part 18 of the 2016 Rules
- Part 18
- Arguments from consequence
- Conclusion
- Ground 2
- Ground 3
- Conclusions