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Lifting a stay under Cross-Border Insolvency Regs (Ronelp Marine v STX Offshore & Shipbuilding)

Lifting a stay under Cross-Border Insolvency Regs (Ronelp Marine v STX Offshore & Shipbuilding)
Published on: 03 November 2016
Published by: LexisPSL
  • Lifting a stay under Cross-Border Insolvency Regs (Ronelp Marine v STX Offshore & Shipbuilding)
  • Original news
  • What are the key takeaways?
  • How did the issue arise?
  • What were the main legal arguments?
  • Did Norris J decide to lift the stay imposed under the CBIR 2006?
  • What are the practical implications for creditors seeking to lift a stay under the CBIR 2006?

Article summary

Restructuring & Insolvency: Barristers Stephen Atherton QC and Charlotte Tan of 20 Essex Street review Ronelp Marine Ltd and other companies v STX Offshore & Shipbuilding Co Ltd—in which the High Court considers whether, and the circumstances where, it should lift a stay made under the Cross-Border Insolvency Regulations to allow litigation proceedings to be continued in England by a creditor with an unsecured monetary claim. or take a trial to read the full analysis.

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