How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • Go back-and-forth until satisfied
    Rate the answer you receive.
Ask C.Cornel Your Own Question
C.Cornel
C.Cornel, Lawyer
Category: Law
Satisfied Customers: 642
Experience:  Senior Lawyer at Legal Group
105439980
Type Your Law Question Here...
C.Cornel is online now

This relates to UK Law. I am director in an SPV which

Customer Question

This relates to UK Law. I am director in an SPV which invests in property. The SPV is to be wound down and dissolved once the profits have been distributed to all directors. Can the winding down process be blocked by someone who is trying to sue us for a debt that is owed?
Submitted: 7 days ago.
Category: Law
Expert:  Nicola-mod replied 7 days ago.
Hello,
I've been working hard to find a Professional to assist you with your question, but sometimes finding the right Professional can take a little longer than expected.
I wonder whether you're ok with continuing to wait for an answer. If you are, please let me know and I will continue my search. If not, feel free to let me know and I will cancel this question for you.
Thank you!
Nicola
Expert:  C.Cornel replied 7 days ago.

Hello. My name is***** am a licensed lawyer from the UK.

Expert:  C.Cornel replied 7 days ago.

The answer would be no or extremely unlikely.

Such legal events basically never occur and the winding down process is never blocked.

Thank you.