United Kingdom scheme of arrangementjurisdictionrecast judgments regulation

Re Hibu Group Ltd

[2016] EWHC 1921 (Ch)

JurisdictionUnited Kingdom

CourtHigh Court of Justice, Chancery Division (Companies Court)

Year2016

StatusPersuasive authority

Key Principle

Where finance documents contain a standard LMA asymmetric jurisdiction clause, that clause confers jurisdiction within Article 25 of the Recast Judgments Regulation when the company itself commences scheme proceedings in England, and there is no fixed threshold on the number or value of creditors domiciled in the UK for the expediency test under Article 8(1).

Area of Law

General

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