The English Court does not have the power under the Cross Border Insolvency Regulations to grant relief in aid of insolvency proceedings in a foreign jurisdiction which it would not have the power to grant in purely domestic proceedings. So held the Companies Court of the English High Court (Morgan J) in Re Pan Ocean Co Limited [2014] EWHC 2124 (Ch).

Shantanu Majumdar, Radcliffe Chambers, Lincoln's Inn