United Kingdom pari passuanti deprivationpublic policy

British Eagle International Airlines Ltd v Compagnie Nationale Air France

[1975] 1 WLR 758

JurisdictionUnited Kingdom

CourtHouse of Lords

Year1975

StatusBinding authority

Key Principle

An arrangement that has the effect of withdrawing assets from the insolvent estate in a manner inconsistent with the statutory insolvency scheme is void; the pari passu distribution principle cannot be contracted out of.

Area of Law

insolvency

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