In re Kaupthing Singer and Friedlander Ltd [2011] UKSC 48; [2011] WLR (D) 297
“The equitable rule which prevented a person sharing in a fund while his debts to the fund were unpaid was trumped by the rule against double proof in a suretyship situation.”
WLR Daily, 19th October 2011
Source: www.iclr.co.uk