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International Corporate Rescue

Journal Issues

  • Vol 1 (2004)
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  • Vol 18 (2021)
  •         Issue 1
  •         Issue 2
  •         Issue 3
  •         Issue 4
  •         Issue 5
  •         Issue 6
  • Vol 19 (2022)
  • Vol 20 (2023)

Vol 18 (2021) - Issue 2

Article preview

Bank of Baroda v Maniar and another [2019] EWHC 2463 (Comm)

Benjamin Archer, Barrister, 4 New Square, London, UK

Synopsis
On 20 September 2019 judgment was handed down by His Honour Judge Pearce in Bank of Baroda v Maniar [2019] EWHC 2463 (Comm). The defendants were successful in resisting claims by the bank on personal guarantees which covered a credit facility made available to an Irish company of which they were directors. The decision is significant in that it raises a number of important points of European cross-border insolvency law under the European Insolvency Regulation. The authority also provides some welcome clarification as to the manner and circumstances in which the English Court will exercise a foreign law judicial power.

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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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