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High Court confirms the appointment of an independent examiner for a specialised engineering services company, despite objections from a creditor, on the grounds that the company did have a reasonable prospect of survival, subject to certain conditions, and that the objections raised did not warrant a refusal to appoint the examiner; and the court directs the examiner to investigate the transactions in question and report on the company's cooperation.
Examinership - independent examiner - reasonable prospect of survival - creditor objections - financial transactions - interim examiner's report - statutory criteria - Companies Act 2014 - discretionary factors - unfair preference - legal advice - projections - scheme of arrangement - investigation - confirmation of appointment - specialised engineering services - renewable energy sector - aviation sector - insolvency - arbitration award - subsidiary liquidation, intercompany liabilities, Swedish Bankruptcy Act, fraudulent transfer, employment preservation, commercial sensitivity.
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