Amway UK to be tried under Insolvency Act?

Site visitors reported that the Amway case will go to court in the UK.    It has also hit the news wires in the US (Grand Rapids Press, Mlive.com).  The London Gazette also has a notice

Publication Date: Thursday, 8 November 2007

Notice Code: 2450
Petitions to Wind Up (Companies)
In the High Court of Justice (Chancery Division)
Companies Court No 2651 of 2007

In the Matter of AMWAY (UK) LIMITED and in the Matter of the Insolvency Act 1986

A Petition to wind up the above-named Company of St Anne’s House, Caldecotte Lake Drive, Caldecotte Business Park, Milton Keynes, Buckinghamshire MK7 8JU, presented on 11 April 2007 by the Secretary of State for Trade and Industry, whose address for service is the Treasury Solicitor, One Kemble Street, London WC2B 4TS, will be heard at The Royal Courts of Justice, Strand, London WC2A 2LL, on Monday 19 November 2007 at 1030 hours (or as soon thereafter as the Petition can be heard).

Any person intending to appear on the hearing of the Petition (whether to support or oppose it) must give notice of intention to do so to the Petitioners or their Solicitor in accordance with Rule 4.16 by 1600 hours on 16 November 2007.


The Petitioners’ Solicitor is the Treasury Solicitor, of One Kemble Street, London WC2B 4TS. (Ref LT6/2859A/JAR.)

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It looks like the petition is to shut Amway UK down, since it mentions "winding up companies".   A quick search on the web will give you the Insolvency Act 1986.  I found the following passage possibly relavent to the case. 

124A. Petition for winding up on grounds of public interest

(1) Where it appears to the Secretary of State from -

(a) any report made or information obtained under Part XIV of the Companies Act 1985 (company investigations, etc.),

(b) any report made under section 94 or 177 of the Financial Services Act 1986 or any information obtained under section 105 of that Act.

(c) any information obtained under section 2 of the Criminal Justice Act 1987 or section 52 of the Criminal Justice (Scotland) Act 1987 (fraud investigations), or

(d) any information obtained under section 83 of the Companies Act 1989 (powers exercisable for purpose of assisting overseas regulatory authorities), that it is expedient in the public interest that a company should be wound up, he may present a petition for it to be wound up if the court thinks it just and equitable for it to be so.

(2) (Non-application). This section does not apply if the company is already being wound up by the court.