United Kingdom scheme of arrangementcross borderjurisdiction

Re Light SA

[2024] EWHC 2733 (Ch)

JurisdictionUnited Kingdom

CourtHigh Court of Justice, Business and Property Courts, Insolvency and Companies List (Chancery Division)

Year2024

StatusPersuasive authority

Key Principle

The English court will exercise jurisdiction to sanction a Part 26 scheme of arrangement for a foreign (Brazilian) company with no UK domicile where a sufficient connection is established by changing the governing law of the relevant debt to English law, provided the court is satisfied the scheme will achieve substantial effect and likely be recognised in the company's principal jurisdiction.

Area of Law

General

Related Cases

TNLC & Anor v Gambling Commission & Ors [2026] EWHC 891 (TCC)

Aabar Holdings S.A.R.L. and others v Glencore Plc and others [2026] EWHC 877 (Comm)

Waterside Class Limited v Mowi ASA & Ors [2026] CAT 32

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