Ordinarily resident or having a place of residence for the purpose of a bankruptcy petition (Mobile Telecommunications Company v HRH Prince Hussam Bin Saud Bin Abdulaziz Al Saud)
Restructuring & Insolvency analysis: In the trial of a bankruptcy petition presented against HRH Prince Hussam Bin Saud Bin Abdulaziz Al worth c.$1.2bn, the court held that that it did not have jurisdiction to make a bankruptcy order as (having regard to Prince Hussam’s ‘pattern of life’)the court was not satisfied that he had a place of residence in England and Wales for the purposes of section 265(2)(b)(i) of the Insolvency Act 1986. Written by Hugh Rowan, barrister at Tanfield Chambers.