Out-of-court administration: big risks for overseas entities | Practical Law

Out-of-court administration: big risks for overseas entities | Practical Law

An update on Pillar Securitisation Sarl and others v Spicer and Shinners [2010] EWHC 836 (Ch), in which the High Court considered whether the out-of-court appointment of administrators over a Guernsey limited partnership (GLP) was invalid due to the wrong form being used to give notice of the appointment. The court also reviewed whether the GLP's centre of main interests was located in the UK for the purposes of the EC Regulation on Insolvency Proceedings.

Out-of-court administration: big risks for overseas entities

Practical Law UK Legal Update 7-502-1070 (Approx. 8 pages)

Out-of-court administration: big risks for overseas entities

by PLC Finance
Published on 29 Apr 2010England, Wales
An update on Pillar Securitisation Sarl and others v Spicer and Shinners [2010] EWHC 836 (Ch), in which the High Court considered whether the out-of-court appointment of administrators over a Guernsey limited partnership (GLP) was invalid due to the wrong form being used to give notice of the appointment. The court also reviewed whether the GLP's centre of main interests was located in the UK for the purposes of the EC Regulation on Insolvency Proceedings.