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Insolvency Law

Expert guidance on all aspects of corporate and personal insolvency

09 FEB 2011

Loy v O'Sullivan [2010] EWHC 3583 (Ch); [2011] BPIR 180

A bankrupt applied to annul his bankruptcy order, made on a supervisor’s default petition. He argued his COMI was in the US, the bankruptcy order had operated against him unjustly and that, in any event, because of delays, the trustee had lost any claim that he had to a US property because of the “use it or lose it” provisions, so there was no point in the bankruptcy.


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