English court will hear Galapagos claim amid international challenges
The Galapagos group was the holding structure for a German industrial group that produces heat exchangers (Credit: Shutterstock.com/AntonMoskvitin)
An English court will hear a claim for declaratory relief concerning the validity of the Galapagos group’s controversial 2019 restructuring after finding that an “anchor defendant” in the form of a non-participating high yield note trustee gave it jurisdiction over a Luxembourg fund and a German insolvency administrator.
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