Court rejects guarantor’s attempt to subrogate in related company insolvency

Michael Kimmins and Daniel Byrne of Corrs use a recent case to remind creditors, particularly those acting as guarantors, that their rights to subrogate or make a claim in liquidation can be significantly limited by the terms of such agreements and urge liquidators to carefully scrutinise the terms of these agreements before accepting or rejecting proofs of debt.

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