Russian bankrupt opposes freezing injunction extension following recognition
Derev was the owner of the Derways Automobile Company in Russia (Credit: WikimediaCommons/Rasul09, CC BY-SA 4.0)
Once foreign bankruptcy proceedings have been recognised, the English courts lack “small j jurisdiction” to continue a pre-recognition freezing injunction against the debtor, counsel to a bankrupt Russian businessman argued this week – ahead of a new recognition hearing in the Isle of Man.
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