An additional Part 20 claim can be part of a "lawsuit pending" under the Credit Institutions Directive (Court of Appeal) | Practical Law

An additional Part 20 claim can be part of a "lawsuit pending" under the Credit Institutions Directive (Court of Appeal) | Practical Law

The Court of Appeal has considered whether an additional claim brought under Part 20 of the Civil Procedure Rules and added to existing proceedings has to meet further criteria to constitute a "lawsuit pending" under Article 32 of Directive of the European Parliament and of Council of 4 April 2001 on the reorganisation and winding up of credit institutions (2001/24/EC) (Isis Investments Ltd v Oscatello Investments Ltd and Kaupthing Bank hf and others [2013] EWCA Civ 1493 (27 November 2013)).

An additional Part 20 claim can be part of a "lawsuit pending" under the Credit Institutions Directive (Court of Appeal)

by Practical Law Restructuring and Insolvency
Published on 04 Dec 2013 • ExpandEngland, European Union, Iceland...Wales
The Court of Appeal has considered whether an additional claim brought under Part 20 of the Civil Procedure Rules and added to existing proceedings has to meet further criteria to constitute a "lawsuit pending" under Article 32 of Directive of the European Parliament and of Council of 4 April 2001 on the reorganisation and winding up of credit institutions (2001/24/EC) (Isis Investments Ltd v Oscatello Investments Ltd and Kaupthing Bank hf and others [2013] EWCA Civ 1493 (27 November 2013)).