United Kingdom modified universalismrecognition

Re HIH Casualty and General Insurance Ltd

[2008] UKHL 21

JurisdictionUnited Kingdom

CourtHouse of Lords

Year2008

StatusBinding authority

Key Principle

The principle of modified universalism: an English court may remit assets to a foreign liquidator under the common law, subject to the proviso that local creditors receive at least as favourable treatment as they would in an English winding up.

Area of Law

insolvency

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