Galapagos faces UK winding up following EU Insolvency Regulation judgment
Galapagos was the holding structure for a German industrial group producing heat exchangers (Credit: Shutterstock.com/AntonMoskvitin)
Senior creditors of the Galapagos group have applied to wind it up in the UK despite ongoing insolvency proceedings in Germany, citing a European Court of Justice decision from March that interpreted the European Insolvency Regulation against the backdrop of two potential COMI shifts and Brexit.
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