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Over a century ago, Professor Maitland had already observed that the trust “is an institute of great elasticity and generality”.1 This vaunted elasticity was on full display in the recent Court of Appeal decision in LA Micro Group (UK) Ltd v LA Micro Group Inc2 (“LA Micro”), in which a just outcome was reached by way of the unique, simultaneous application of two types of trust—the sub-trust and the vendor–purchaser constructive trust (the “VPCT”)—to a difficult and unusual set of facts...
The significant role of credit in obtaining corporate capital means that credit and the treatment of creditors’ interests raises distinctive issues in the event of company insolvency. In this book, Kayode Akintola addresses these issues, providing an exceptional in-depth analysis of the principles, policy and practice of creditor treatment in corporate insolvency law.
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