5 Star Properties

Fivestar Properties Ltd, Re (08 October 2015) – A dissolved company was restored to the register to enable the freehold of a property owned by the company to be sold for the benefit of a bank which held a legal charge over the property. The Crown’s disclaimer of its interest in the property under the Insolvency Act 1986 Sch.B1 para.84(1), following the vesting of the property in the Crown as bona vacantia, was not a disposition. The effect of restoration was that the freehold was retrospectively recreated and revested in the company.

Written by James Naylor

Partner, CG Naylor LLP.