The High Court has given directions as to the distribution of a surplus of approximately £4 million following the closure of the Glass and Glazing Federation’s Deposit Indemnity Fund (“the Fund”).

The Court had to consider the construction of the Fund’s rules and their application in the context of various issues, including whether members who became insolvent at given dates were entitled to participate in the distribution of surplus and whether members who may have inadvertently missed payments in the past were similarly entitled under the terms of the Fund rules.

Wendy Mathers, instructed by Mills & Reeve LLP acted for Anglian Windows who was appointed as a representative defendant under CPR 19.9(2).

Read the full judgment here.