International Corporate Rescue
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Vol 22 (2025) - Issue 3
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Immovable Properties in International Insolvencies: UK Supreme Court Clarifies
Dhananjay Kumar, Barrister, 3‑4 South Square, London, UKSynopsis
The Supreme Court has held that English courts cannot provide assistance at common law to a foreign bankruptcy trustee in relation to immovable properties in England and Wales expanding the established rule that such properties do not automatically vest in a foreign bankruptcy trustee irrespective of the position under foreign bankruptcy law. However, such assistance can be provided under section 426 of IA1986 or the Cross-Border Insolvency Regulations 2006.
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