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Schemes widened to compromise non-English debt

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Published on: 18 December 2013
Published by a LexisNexis Restructuring & Insolvency expert

Table of contents

  • Original news
  • What did the court decide?
  • Which countries were involved in the factual matrix?
  • What issues were discussed by the court before reaching its decision?
  • What is necessary for a 'sufficient connection'?
  • When does the Judgments Regulation apply?
  • What did the US courts decide on chapter 15?
  • What does this mean in practice?

Article summary

Restructuring & Insolvency analysis: Can English schemes of arrangement be used to compromise non-English debt such as, bonds governed by New York law with a non-exclusive jurisdiction clause in favour of New York of a foreign company?

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Jurisdiction(s):
United Kingdom

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