Lifting a stay under the Cross-Border Insolvency Regulations 2006 (High Court) | Practical Law

Lifting a stay under the Cross-Border Insolvency Regulations 2006 (High Court) | Practical Law

In Seawolf Tankers Inc and another v Pan Ocean Co Ltd [2015] EWHC 1500 (Ch) the High Court considered whether it should lift a stay made under the Cross-Border Insolvency Regulations 2006 (SI 2006/1030). The court considered whether the test in lifting a stay should be the test that applies to the lifting of a stay in administration proceedings or the test that applies in lifting a stay in compulsory liquidation proceedings.

Lifting a stay under the Cross-Border Insolvency Regulations 2006 (High Court)

Practical Law UK Legal Update 3-616-4215 (Approx. 6 pages)

Lifting a stay under the Cross-Border Insolvency Regulations 2006 (High Court)

by Practical Law Restructuring and Insolvency
Published on 16 Jun 2015 • England, Wales
In Seawolf Tankers Inc and another v Pan Ocean Co Ltd [2015] EWHC 1500 (Ch) the High Court considered whether it should lift a stay made under the Cross-Border Insolvency Regulations 2006 (SI 2006/1030). The court considered whether the test in lifting a stay should be the test that applies to the lifting of a stay in administration proceedings or the test that applies in lifting a stay in compulsory liquidation proceedings.