Insolvency & Restructuring News

Court-to-court communications in cross-border insolvency cases

06/06/17

Members should note that Chapter 25 of the Chancery Guide has been amended so that parties are required, at an early stage, to consider whether the court should make use of one of the three specified sets of guidelines for court-to-court communications in cross-border insolvency cases. The three sets of guidelines are the American Law Institute/International Insolvency Institute Guidelines applicable to Court-to-Court Communications in Cross-Border Cases; the EU Cross-Border Insolvency Court-to-Court Communications Guidelines; and the Judicial Insolvency Network Guidelines for Communication and Cooperation between Courts in Cross-Border Insolvency Matters. The Chancery Guide has not yet been updated to reflect the introduction of the Insolvency Rules 2016.


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Recent Bulletins

A key service provided by the ILA is the provision of bulletins keeping it’s membership up-to-date with the latest developments in insolvency law.

Below are a selection of recent topics covered:

  • PJSC VTB Bank v Laptev – Russian law and Russian bankruptcy precluded bankruptcy order in England
  • System Building Services Group – directors’ duties survive formal insolvency proceedings
  • Direct Affinity – OR’s administration fee and general fee where winding up order rescinded and no chargeable receipts