The Court ordered reinstatement of a deregistered company's registration under s 601AH(2) and appointed new joint and several liquidators (not the former liquidator) to investigate potential claims against the former director for breach of fiduciary duties in connection with alleged illegal chemical storage and dumping. The Court confirmed that reinstatement was 'just' where there was a strong public interest in investigating the company's activities, the claims were more than speculative, litigation funding was being negotiated, and no person would be relevantly prejudiced. The Court also confirmed that potential conflicts of interest among PKF practitioners acting as liquidators of related entities were theoretical rather than real on the known facts, though vigilance was required.
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