Restructuring & Insolvency analysis: In a remarkable decision, the English court granted a prohibitory injunction and declarations requested by an English company (Cape) to restrain and limit the actions of a receiver purportedly appointed over it by a South Carolina court. The court accepted that the receivership appointment was not capable of being recognised or enforced in England and Wales, because there was, on the facts, no ‘sufficient connection’ between Cape and the jurisdiction of South Carolina. The court went further and held that the consequence of this finding, and the findings that the US receiver was causing harm to Cape and its interests, was that it would grant the declarations that the US receivership had no legal effect worldwide and grant the injunction prohibiting the US receiver from acting. Written by Hannah Drozdz, legal director PSL at Gateley Legal.