Section 236 investigations: overseas counterparties | Practical Law

Section 236 investigations: overseas counterparties | Practical Law

The High Court has held that the court’s power under section 236 of the Insolvency Act 1986 does not have extra-territorial effect, and that the court can only order an examination in a foreign jurisdiction where appropriate procedural machinery exists in that jurisdiction.

Section 236 investigations: overseas counterparties

Practical Law UK Articles 3-618-3049 (Approx. 3 pages)

Section 236 investigations: overseas counterparties

by Clifford Chance LLP and Practical Law Restructuring and Insolvency
Published on 27 Aug 2015
The High Court has held that the court’s power under section 236 of the Insolvency Act 1986 does not have extra-territorial effect, and that the court can only order an examination in a foreign jurisdiction where appropriate procedural machinery exists in that jurisdiction.