Claim's eligibility for set-off in credit institution insolvency is not affected by foreign adjudication (Supreme Court) | Practical Law

Claim's eligibility for set-off in credit institution insolvency is not affected by foreign adjudication (Supreme Court) | Practical Law

In Joint administrators of Heritable Bank plc v Winding-up board of Landsbanki Islands HF [2013] UKSC 13 (27 February 2013), the Supreme Court considered an Icelandic bank's challenge to the decision of the Inner House of the Court of Session, which had effectively extinguished the bank's claim in the UK administration of its Scottish subsidiary.

Claim's eligibility for set-off in credit institution insolvency is not affected by foreign adjudication (Supreme Court)

by PLC Restructuring and Insolvency
Published on 13 Mar 2013 • International
In Joint administrators of Heritable Bank plc v Winding-up board of Landsbanki Islands HF [2013] UKSC 13 (27 February 2013), the Supreme Court considered an Icelandic bank's challenge to the decision of the Inner House of the Court of Session, which had effectively extinguished the bank's claim in the UK administration of its Scottish subsidiary.