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International Corporate Rescue

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  •         Issue 1
  •         Issue 2
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  • Vol 19 (2022)
  • Vol 20 (2023)

Vol 18 (2021) - Issue 2

Article preview

Bundeszentralamt für Steuern (the German Tax Authority) v Heis & Ors (Administrators of MF Global UK Ltd) [2019] EWHC 705 (Ch)

Robert Amey, Barrister, South Square, London, UK

Synopsis
In this case, Hildyard J considered whether appeals against the decisions of administrators to reject proofs should be stayed pending the outcome of proceedings in Germany. Although this was essentially a matter of the court's case management discretion, the judgment contains interesting observations on (a) the interplay between the principles applicable in determining whether to stay proceedings in favour of a foreign forum and the presumption in an English liquidation that all matters of proof should be dealt with in England; and (b) the so-called 'rule against double proof'.

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International Corporate Rescue

"International Corporate Rescue is great. In a busy world, it covers a truly global range of restructuring topics in just the right depth, enough for an understanding of the important points, but not a lengthy mini-PhD. I find it really helpful for keeping informed about the areas I work in, and to have ‘issue awareness’ about areas further afield. I always read it."

Richard Tett, Freshfields, London Head of Restructuring & Insolvency

 

 

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