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Using foreign judgments to get your debt paid under India’s Insolvency and Bankruptcy Code

20 May 2019

Using foreign judgments to get your debt paid under India’s Insolvency and Bankruptcy Code iStock.com/VitoriaHoldingsLLC

Last year, the Ghanaian branch of African bank Stanbic became the first party to use an English judgment as evidence of a debt to trigger insolvency proceedings under India’s Insolvency and Bankruptcy Code 2016. The bank’s English counsel – Thomas Williams of Sultan Al-Abdulla & Partners, and Anna Booth and Michael Lee of Womble Bond Dickinson – explain how they did it.