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Gibraltar clawback bid hits Brussels Recast hurdle

By Declan Bush

13 November 2019

Gibraltar’s supreme court has partly blocked local liquidators from clawing back assets located in Spain, in a decision touching on jurisdictional issues between the Brussels Recast Regulation and the European Insolvency Regulation.

Gibraltar clawback bid hits Brussels Recast hurdle Gibraltarian liquidators sought to reclaim Reclaim's assets in Spain. (Credit: iStock.com/Raylipscombe)