Exceptional circumstances for lifting the stay under the Cross-Border Insolvency Regulations 2006 (High Court) | Practical Law

Exceptional circumstances for lifting the stay under the Cross-Border Insolvency Regulations 2006 (High Court) | Practical Law

In Ronelp Marine Ltd v STX Offshore & Shipbuilding Co Ltd [2016] EWHC 2228 (Ch), the High Court considered whether, and the circumstances in which, it should lift a stay made under the Cross-Border Insolvency Regulations (SI 2006/1030) to allow litigation proceedings to be continued in England by a creditor with an unsecured monetary claim. The court examined what "exceptional" circumstances would justify the stay being lifted.

Exceptional circumstances for lifting the stay under the Cross-Border Insolvency Regulations 2006 (High Court)

by Practical Law Restructuring and Insolvency
Published on 12 Oct 2016 • England, Wales
In Ronelp Marine Ltd v STX Offshore & Shipbuilding Co Ltd [2016] EWHC 2228 (Ch), the High Court considered whether, and the circumstances in which, it should lift a stay made under the Cross-Border Insolvency Regulations (SI 2006/1030) to allow litigation proceedings to be continued in England by a creditor with an unsecured monetary claim. The court examined what "exceptional" circumstances would justify the stay being lifted.