Former Halliwells partners asked to repay £20.4m

The administrator of failed firm Halliwells has called upon former partners repay money received as part of a reverse premium deal with a Manchester landlord. 32 former Halliwells equity partners shared in a £20.4m incentive sum after Halliwells entered into a number of leases in a building known as 3 Hardman Square. The partners have now been asked to repay the premiums on the basis that they are a rightful asset of the firm. They are also asked to pay interest and costs.

Former Halliwells partners asked to repay £20.4m thelawyer.com Fri, Jun 17, 2011