Use of anti-suit injunction to prevent proceedings by a creditor of a company in liquidation (Privy Council) | Practical Law

Use of anti-suit injunction to prevent proceedings by a creditor of a company in liquidation (Privy Council) | Practical Law

In Stichting Shell Pensioenfonds v Krys and another (British Virgin Islands) [2014] UKPC 41, the Privy Council considered whether, when a company is being wound up in the jurisdiction where it is incorporated, an anti-suit injunction was available to prevent a creditor or member from pursuing proceedings in another jurisdiction which are calculated to give him an unjustifiable priority.

Use of anti-suit injunction to prevent proceedings by a creditor of a company in liquidation (Privy Council)

by Practical Law Restructuring and Insolvency
Published on 04 Dec 2014 • England, Wales
In Stichting Shell Pensioenfonds v Krys and another (British Virgin Islands) [2014] UKPC 41, the Privy Council considered whether, when a company is being wound up in the jurisdiction where it is incorporated, an anti-suit injunction was available to prevent a creditor or member from pursuing proceedings in another jurisdiction which are calculated to give him an unjustifiable priority.