Trends Publishing loses appeal over creditor compromise that was set aside by High Court

Wed, 13 Sep 2017

By Jonathan Underhill Sept. 13 (BusinessDesk) - Trends Publishing International has lost its Court of Appeal challenge to a High Court ruling setting aside a compromise deal it struck with creditors that the lower court found had been manipulated to the detriment of Callaghan Innovation. Court of Appeal Justices Mark Cooper, Raynor Asher and Denis Clifford dismissed the appeal, ruling that there should have been separate classes of creditors, especially for Callaghan, and ordered Trends to pay costs. In coming to their decision, the ju...

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