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Enviroco Limited v Farstad Supply A/S

February 2010 - Projects, Energy & Natural Resources . Legal Developments by Ogier .

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A recent case in the English Court of Appeal has considered the definition of “subsidiary” set out in sections 736 and 736A of the UK Companies Act 1985 (the “UK Act”), in circumstances where a secured party has taken security by way of assignment of title to the shares of an underlying company.

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