Q&As

Can a foreign company (wound up under Insolvency Act 1986, section 221) be restored to the register to allow the liquidator to realise a UK asset? Does the company have any legal personality outside of the appointment and activity of the liquidator?

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Produced in partnership with Clive Blackwood of Lamb Chambers
Published on LexisPSL on 04/10/2017

The following Corporate Q&A Produced in partnership with Clive Blackwood of Lamb Chambers provides comprehensive and up to date legal information covering:

  • Can a foreign company (wound up under Insolvency Act 1986, section 221) be restored to the register to allow the liquidator to realise a UK asset? Does the company have any legal personality outside of the appointment and activity of the liquidator?

An English court has jurisdiction to wind up a company, incorporated abroad, as an ‘unregistered company’ pursuant to section 221 of the Insolvency Act 1986: Re Real Estate Development Co, Re Buccament Bay Ltd; Re Harlequin Property (SVG) Ltd. The same English court has jurisdiction to restore a company to the register of companies pursuant to section 1029 of the Companies Act 2006 (CA 2006) where it has been dissolved, deemed dissolved,

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