A Tangled Web Unwoven -Shankland and Others v McKeand [2024] EWHC 610 (Ch)

Damian Murphy provides a case analysis for LexisNexis

A Tangled Web Unwoven

Shankland and Others v McKeand [2024] EWHC 610 (Ch)

Article summary

Restructuring & Insolvency analysis: The respondent, an independent financial adviser, had created a portfolio of companies to support his various business interests. One of these companies was Lion House Portfolio Ltd (Lion House) which entered liquidation. The liquidators brought and succeeded in their claims in misfeasance in relation to various payments and transfers made to the respondent and his portfolio companies. The claim in relation to shares alleged to be owned by Lion House failed because the court concluded the shares had, in fact, been beneficially owned by the respondent