Court's jurisdiction and discretion to sanction a foreign company's scheme clarified (High Court) | Practical Law

Court's jurisdiction and discretion to sanction a foreign company's scheme clarified (High Court) | Practical Law

In Re Rodenstock GmhH [2011] EWHC 1104 (Ch), the High Court summarised the existing common law on its jurisdiction and discretion to sanction schemes of arrangement for foreign companies, and held that neither the EC Regulation on Insolvency Proceedings (EC/1346/2000) nor the Judgments Regulation (EC/44/2001) restricted the court's jurisdiction to sanction the scheme in question.

Court's jurisdiction and discretion to sanction a foreign company's scheme clarified (High Court)

by PLC Restructuring and Insolvency
Published on 12 May 2011 • England, Wales
In Re Rodenstock GmhH [2011] EWHC 1104 (Ch), the High Court summarised the existing common law on its jurisdiction and discretion to sanction schemes of arrangement for foreign companies, and held that neither the EC Regulation on Insolvency Proceedings (EC/1346/2000) nor the Judgments Regulation (EC/44/2001) restricted the court's jurisdiction to sanction the scheme in question.