AES Barry Ltd. v TXU Europe Energy Trading, Court of Appeal - Chancery Division, July 15, 2004, [2005] 2 BCLC 22,[2004] EWHC 1757 (Ch)

Extract

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AES Barry Ltd. v TXU Europe Energy Trading, Court of Appeal - Chancery Division, July 15, 2004, [2005] 2 BCLC 22,[2004] EWHC 1757 (Ch)

BEVERLEY F. NUNNERY & CO.

OFFICIAL SHORTHAND WRITERS

No.7613 OF 2002

Neutral Citation Number: [2004] EWHC 1757 (Ch)

IN THE HIGH COURT OF JUSTICE

CHANCERY DIVISION

Royal Courts of Justice

Date: Thursday, 15th July 2004

Before:

MR. JUSTICE PATTEN

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B E T W E E N:

A.E.S. BARRY LTD. Applicant

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TXU EUROPE ENERGY TRADING

(In Administration) Respondent

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Transcribed by BEVERLEY F. NUNNERY & CO

Official Shorthand Writers and Tape Transcribers

Quality House, Quality Court, Chancery Lane, London WC2A 1HP

Tel: 020 7831 5627 Fax: 020 7831 7737

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MR. M. COLLINGS (instructed by Messrs. Norton Rose) appeared on

behalf of the Applicant.

MR. W. TROWER Q.C. and MR. A. GOODISON (instructed by

Messrs. Herbert Smith) appeared on behalf of the Respondent.

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JUDGMENT

(As approved by the Judge)

BEVERLEY F NUNNERY & CO

OFFICIAL SHORTHAND WRITERS

MR. JUSTICE PATTEN:

1 This is an application by A.E.S. Barry Ltd. for an order under s.11(3) of the Insolvency Act 1986 for permission to commence proceedings in the Commercial Court against the respondent company ("the Company") which is in administration. The effect of an administration order under s.11 is to introduce automatically a stay of all existing and future proceedings,...

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