The High Court has held that the recognition of foreign insolvency proceedings under the Cross-Border Insolvency Regulations 2006 (the "CBIR") did not, in itself, vest rights or interests in English land in the foreign representative.
Saudi Arabia, United Kingdom, Insolvency & Restructuring, Litigation, Herbert Smith Freehills LLP, Anti-bribery and corruption, Cross-Border Insolvency Regulations 2006 (UK), UK Supreme Court