London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

Cross-border insolvency – dissolved foreign companies

Dissolution of a foreign company that is liable to be wound up in the UK does not hinder such a winding-up. Section 225 Insolvency Act 1986, which permits a dissolved foreign company to be wound up as an unregistered company, has rarely been considered by the courts, but it was confirmed in Re Agrenco Madeira Comércio Internacional Lda [2014] all ER(D) 118 (Apr) that an ongoing liquidation is not affected by a foreign dissolution.

It is not always plain sailing, however, where a foreign company is subject to local proceedings. Let us know if you need help.

 

 

Date: 13th May, 2014
Author: Chris Laughton

SHARE THIS

Articles from this Author

Contact a Partner

Tweet

MTD - One week to go Click on the link to read our helpful FAQs on MTD bit.ly/2HXkzuq #MTDtwitter.com/i/web/status/1…

MTD - one week to go Click to view our helpful Insight bit.ly/2Twn35t #MTD #MakingTaxDigital pic.twitter.com/HCiw0xtD1P

Follow

LinkedIn

For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn