Last updateTue, 24 Feb 2015 5pm

INSOLVENCY: Universalism? Not in my back yard

01 February 2013  

Chris Webber looks at recent case law on the recognition of foreign insolvency proceedings

The UK Supreme Court’s recent decision in Rubin v Eurofinance SA [2012] has halted the march towards (modified) universal recognition of all aspects of foreign insolvency proceedings in English courts, at least for the time being. But is this such a bad thing?

Additional Info

  • Case(s) Referenced:

    Belmont Park Investments PTY Ltd v BNY Corporate Trustee Services Ltd & anor [2011] UKSC 38

    Re HIH Insurance Ltd & ors [2010] NSWSC 404 Re Lehman Bros Holdings Inc 08-13555

    Lomas & ors v JFB Firth Rixson Inc & ors [2012] EWCA Civ 419

    Rubin & Anor v Eurofinance SA & ors; New Cap Reinsurance Corp & anor v Grant & ors [2012] UKSC 46