In Transworld Payment Solutions UK Ltd (In Liquidation) v First Curacao International Bank NV [2022] EWHC 2742 (Ch), Mr Justice Freedman dismissed challenges by the Defendants to the jurisdiction of the court and/or seeking a stay of the proceedings on forum non-conveniens grounds. The Claimant (“TWPS”) was a company that provided...
This is the first reported decision on costs relating to an application under s.133 of the Insolvency Act 1986 and is of relevance to creditors considering making a request under s.133, and to liquidators of companies which are the subject of a s.133 application. Mr Deuss was CEO and beneficial owner...
Summary The Insolvency and Companies Court provided guidance on the purpose of applications for public examination under s.133 of the Insolvency Act 1986, the extent of the Court’s extraterritorial jurisdiction, the role of the Court on an application for directions and the role that the creditor requesting the examination plays...