Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

English court refuses to recognise Chapter 11 on COMI grounds

By Douglas Thomson

21 August 2018

English court refuses to recognise Chapter 11 on COMI grounds The St Pancras and King's Cross railway stations in the London neighbourhood of Kings Cross, home to Videology Ltd / istock.com/photolondonuk

The UK-headquartered subsidiary of a US advertising company has failed to have its Chapter 11 bankruptcy recognised as a foreign main proceeding by an English court, which found its centre of main interest to be in the UK rather than the United States.