Continue reading "Insolvency: Universalism? Not in my back yard"
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Insolvency: Universalism? Not in my back yard
Chris Webber looks at recent case law on the recognition of foreign insolvency proceedings Universalism has never become an overarching guiding principle to be applied in novel or marginal cases.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 …
Cases Referenced
Cases in bold have further reading - click to view related articles.
- Belmont Park Investments PTY Ltd v BNY Corporate Trustee Services Ltd & anor [2011] UKSC 38
- Lomas v JFB Firth Rixson Inc [2010] EWHC 3372 (Ch); [2012] EWCA Civ 419
- Re HIH Insurance Ltd & ors [2010] NSWSC 404 Re Lehman Bros Holdings Inc 08-13555
- Rubin v Eurofinance SA [2012] UKSC 46