LexisLibrary and LexisPSL
Sign up for a free trial today and get full access for a weekTrial
His Honour Judge Raynor QC (sitting as a High Court judge) made an administration order in respect of a company incorporated in the Netherlands, finding for the applicant on the following issues: (1) whether the company was a ‘company’ for the purposes of para 111(1A)(b) of Sch B1 to the Insolvency Act 1986; (2) whether the company had its centre of main interests (COMI) in England and Wales; (3) whether the company was unable to pay its debts; and (4) whether the administration order reasonably likely to achieve its stated purpose. In addition, it was stated that as a ‘pre-pack’ sale of assets was anticipated, the court was required to be satisfied that there had been compliance with SIP 16.
"BPIR is an excellent series, of interest to both corporate and personal insolvency lawyers,...