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

Azeri bank denied indefinite moratorium on appeal

By Kyriaki Karadelis

18 December 2018

Azeri bank denied indefinite moratorium on appeal

An English appeal court has denied a restructured Azeri bank’s request for an indefinite moratorium that would stop creditors enforcing English-law governed claims, in a decision described as raising “important questions” on the scope of courts’ powers under the UK Cross-Border Insolvency Rules.