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In the Matter of Halifax Investment Services Pty Ltd (in liquidation) (No 5) [2019] FCA 1341

The Federal Court of Australia considered that it could make a request to the New Zealand High Court that there be a joint hearing in respect of applications relating to the pooling of funds held by companies in liquidation in each of Australia and New Zealand.

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AWH Fund Ltd (In Compulsory Liquidation) v ZCM Asset Holding Company (Bermuda) Ltd (Bahamas)

The Privy Council held that a Liquidator could pursue a recipient of $13m as a preference outside of the jurisdiction, some 17 years after the company went into Liquidation.

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Ashfords LLP announces two promotions in its London office

Law firm, Ashfords LLP has promoted two new Associates in its Construction and Infrastructure and Restructuring and Insolvency law client teams in its London office.

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Cross Border Insolvency Update - August 2019

August 2019

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Beveridge & Anor v Quinlan & Ors [2019] EWHC 1411 (Ch)

Snowden J granted an application by Receivers for post-judgment injunctive relief to give effect to an earlier Order that funds due to creditors from a Spanish insolvency should be paid to the Receivers rather than the Lenders.

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Skandinaviska Enskilda Banken AB v Conway & Anor (as Joint Official Liquidators of Weavering...

The Privy Council upheld decisions of the Cayman Islands Grand Court and Court of Appeal that share redemption payments received by the appellant Swedish Bank were voidable preferences.

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Case Update Bulletin – Azuonye -v- Kent

Further to our recent seminar, the case of Azuonye v Kent which we discussed in relation to an Income Payments Order (IPO) and a second bankruptcy, has been considered in the Court of Appeal.

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Cross Border Insolvency Update - July 2019

July 2019

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Re Sturgeon Central Asia Balanced Fund Ltd (in Liquidation) [2019] EWHC 1215 (Ch)

Winding up proceedings on just and equitable grounds of an indisputably solvent company, incorporated in Bermuda, were recognised in Great Britain as a “foreign main proceeding” under the Cross Border Insolvency Regulations 2006 (CBIR).

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UBS AG New York and others v Fairfield Sentry Ltd (in liquidation) and others (British Virgin...

The Privy Council dismissed an appeal from the Court of Appeal of the Eastern Caribbean Supreme Court (BVI) where the appellant sought an anti-suit injunction against the liquidators of Fairfield Sentry Limited to prevent proceedings in the US bankruptcy Court.

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