Moratorium on legal proceedings has extra-territorial effect in administration of credit institutions (High Court) | Practical Law

Moratorium on legal proceedings has extra-territorial effect in administration of credit institutions (High Court) | Practical Law

In Re Kaupthing Singer & Friedlander Ltd (in administration) [2012] EWHC 2235, the High Court had to consider whether to permit foreign and domestic clawback proceedings to continue against a UK bank in administration, and whether the clawback proceedings could give rise to a debt that was provable in the administration.

Moratorium on legal proceedings has extra-territorial effect in administration of credit institutions (High Court)

by PLC Restructuring and Insolvency
Published on 16 Aug 2012 • England, International, Wales
In Re Kaupthing Singer & Friedlander Ltd (in administration) [2012] EWHC 2235, the High Court had to consider whether to permit foreign and domestic clawback proceedings to continue against a UK bank in administration, and whether the clawback proceedings could give rise to a debt that was provable in the administration.