Stephen Cork and Neil Smail of Cork Gully LLP were appointed as Joint Receivers over shares held by Sahaviriya Steel Industries UK Limited (in Liquidation) (SSI UK) in Redcar Bulk Terminal Limited (RBT) by a syndicate of Thai banks owed excess of $1billion. The other shareholder in RBT at the time was British Steel Limited (in Liquidation). SSI UK was served with a pre-emption notice by British Steel Limited (in Liquidation). SSI UK, acting through the Joint Receivers bought the shares held by British Steel Limited (in Liquidation) on 5 February 2020 for an undisclosed sum...
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