Foreign State-controlled enterprise immune from insolvency proceedings

In Greylag Goose Leasing 1410 Designated Activity Company v P T Garuda Indonesia Ltd [2022] NSWSC 1623, the Foreign States Immunities Act 1985 (Cth) provided immunity from insolvency proceedings in relation to a foreign corporation that is State-controlled.

Key takeaways

Filed under:
Australia, Insolvency & Restructuring, Litigation, Corrs Chambers Westgarth, Foreign States Immunities Act 1985 (Australia)
Authors:
Michelle Dean , Kala Campbell
Location:
Australia
Firm:
Corrs Chambers Westgarth