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ARTICLE · 13 DECEMBER 2013

Liquidators Of Scottish Coal Company Can't Walk Away

MacRoberts
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Appeal Judges in the Court of Session yesterday issued a decision directing that the liquidators of Scottish Coal Company (SCC) cannot abandon sites or disclaim statutory licences imposing obligations on the company

United KingdomEnvironment
Alan Meek
Alan Meek
Leon Breakey
Leon Breakey
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Appeal Judges in the Court of Session yesterday issued a decision directing that the liquidators of Scottish Coal Company (SCC) cannot abandon sites or disclaim statutory licences imposing obligations on the company.

SCC went into liquidation owning six working opencast mines and several non-operational sites. Following a sale of some of the sites the liquidators continued to have statutory obligations to maintain the remaining sites. These obligations were a substantial financial burden in the liquidation. In order to protect the interests of SCC's creditors, the liquidators sought directions from the court on whether they could abandon the sites and disclaim the statutory licences.

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