Thursday, November 15, 2012

Ruling threatens existence of international insolvencies - 06 Nov 2012 - Accountancy Age

Ruling threatens existence of international insolvencies - 06 Nov 2012 - Accountancy Age:
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"INTERNATIONAL COOPERATION on corporate collapses has been left in tatters following a recent Supreme Court judgement, but given how resourceful the profession is, will it really make a world of difference?
The Supreme Court handed down a judgment that foreign court rulings on insolvency matters cannot be enforced in other jurisdictions and vice versa where a foreign ruling bears no authority in the UK."

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