Foreign Bankruptcy Proceedings Have Priority?
AWB Geneva SA and another v North America Steamships Ltd
[2007] EWHC 1167 (Comm)
QBD
Weekly Law Reports Summary
17 May 2007
A party to a contract that was subject to the exclusive jurisdiction of the English High Court could not restrain the other party’s foreign trustee in bankruptcy from seeking an order in foreign insolvency proceedings that certain conditions precedent to liability under the contract should cease to apply.