Glencore v Prax Lindsey Oil Refinery: High Court doubts Crown Holdings on rescission in liquidation
The High Court has found it seriously arguable that a supplier defrauded before a company’s liquidation can still rescind in equity afterwards and trace into the company’s assets, casting doubt on the 2015 decision in Crown Holdings. In Glencore Energy UK Ltd v Prax Lindsey Oil Refinery Ltd (in liquidation) [2026] EWHC 2394 (Ch), Mr…

