The following Restructuring & Insolvency Q&A provides comprehensive and up to date legal information covering:
Section 117 of the Insolvency Act 1986 provides that the High Court has jurisdiction to wind up any company registered in England and Wales where the share capital exceeds £120,000. Practice Direction on Insolvency Proceedings (PDIP), para 3 covers the distribution of business and provides that applications should be listed for an initial hearing before an International Chamber of Commerce (ICC) Judge in the Royal Courts of Justice (ie the Business and Property Courts in the Rolls Building) or a District Judge sitting in a District Registry.
PDIP, para 3.3 states that applications for an injunction pursuant to the Court’s inherent jurisdiction
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