Category Archives: Foreign insolvency

Bakhshiyeva v Sberbank [2018] EWHC 59 (Ch): CBIR 2006, recognition orders and the “rule” in Anthony Gibbs

Judgment on BAILII at: http://www.bailii.org/ew/cases/EWHC/Ch/2018/59.html OJSC International Bank of Azerbaijan (“IBA“) is the largest commercial bank in Azerbaijan. It fell into financial difficulties and entered into a restructuring proceeding under Azeri law. The Applicant was appointed as IBA’s foreign representative … Continue reading

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Cherkasov v Olegovich [2017] EWHC 3153 (Ch): recognition orders and public policy

Judgment on BAILII at: http://www.bailii.org/ew/cases/EWHC/Ch/2017/3153.html The Respondent was the official receiver (i.e. liquidator) of a Russian company called Dalnyaya Step LLC (“DSL”). The English court had granted him a recognition order pursuant to the Cross-Border Insolvency Regulations 2006 (“CBIR 2006”). … Continue reading

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Re Agrokor DD [2017] EWHC 2791 (Ch): recognition of foreign insolvency proceedings

Judgment on BAILII at: http://www.bailii.org/ew/cases/EWHC/Ch/2017/2791.html Agrokor DD (“the Company”) is the holding company of a Croatian conglomerate. The conglomerate accounts for approximately 15% of Croatian GDP. In April 2017, the Croatian legislature passed the “Extraordinary Administration Law” (“the EA Law”), … Continue reading

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