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United Kingdom sanctioncross borderthird party releases

Re Noble Group Limited

[2019] BCC 349
JurisdictionUnited Kingdom
CourtHigh Court of Justice (Chancery Division, Companies Court)
Year2019
StatusPersuasive authority

Key Principle

An English scheme of arrangement under Part 26 CA 2006 may be sanctioned for a foreign-incorporated company (here Bermuda) where there is a sufficient connection with England and the scheme is fair and likely to be effective in the relevant jurisdictions, even where it effects releases of claims against third parties that are integral to the wider restructuring.

Area of Law

General

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