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United Kingdom
sanctioncross borderthird party releases
Re Noble Group Limited
[2019] BCC 349
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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