Introduction
USA, Banking, Insolvency & Restructuring, Reed Smith LLP, Foreign direct investment, Consumer protection, Unsecured debt, Liquidation, Judicial review, Federal Deposit Insurance Corporation (USA), Dodd-Frank Wall Street Reform and Consumer Protection Act 2010 (USA), Title 11 of the US Code, Federal Deposit Insurance Act 1950 (USA), US Secretary of the Treasury
The Court of Appeal1 has ruled that foreign judgments in insolvency proceedings may be enforced by the English courts at common law, and that the ordinary principles which may prevent the enforcement of foreign judgments do not apply to insolvency judgments where the action from which the foreign judgment arises is integral to the collective nature of the insolvency proceedings.
Facts
United Kingdom, Insolvency & Restructuring, Litigation, Mayer Brown, Bankruptcy, Conflict of laws, Debtor, Consumer protection, Liquidation, Common law, Enforcement of foreign judgments, In rem jurisdiction, Court of Appeal of England & Wales, High Court of Justice (England & Wales), United States bankruptcy court
In a recent case1 the High Court held that the purported out of court appointment of administrators over a Guernsey registered limited partnership was void because the appointor used the incorrect form when giving notice of its intention to appoint.
Background
Guernsey, United Kingdom, Insolvency & Restructuring, Litigation, Mayer Brown, Debtor, Debt, Limited partnership, Initial public offerings, Investment funds, Insolvency Act 1986 (UK)