Automatic liquidation stay extends to Luxembourg legal proceedings (High Court) | Practical Law

Automatic liquidation stay extends to Luxembourg legal proceedings (High Court) | Practical Law

In ARM Asset Backed Securities SA [2014] EWHC 1097 (Ch) the High Court considered whether the European Insolvency Regulation broadened the stay on proceedings against a company in liquidation or provisional liquidation under section 130(2) of the Insolvency Act 1986 so as to give extra-territorial effect to that section.

Automatic liquidation stay extends to Luxembourg legal proceedings (High Court)

Practical Law UK Legal Update 8-564-5968 (Approx. 4 pages)

Automatic liquidation stay extends to Luxembourg legal proceedings (High Court)

by Practical Law Restructuring and Insolvency
Published on 15 Apr 2014 • England, European Union, Wales
In ARM Asset Backed Securities SA [2014] EWHC 1097 (Ch) the High Court considered whether the European Insolvency Regulation broadened the stay on proceedings against a company in liquidation or provisional liquidation under section 130(2) of the Insolvency Act 1986 so as to give extra-territorial effect to that section.