Judgment was given several days ago by Mrs Justice Falk in Re Nektan (Gibraltar) Ltd [2020] EWHC 65 (Ch). The case concerned an application for an administration order, under para. 12(1)(a) of Schedule B1 of the Insolvency Act 1986, in respect of a company incorporated in Gibraltar. The principal question before the court was whether it had the jurisdiction to do so. Mrs Justice Falk held that it did, in a decision exploring the meaning of "company" within paragraph 111 of Schedule B1, and the position of Gibraltar incorporated companies more generally.
Friday, 24 January 2020
UK: England and Wales: administration, jurisdiction and a company incorporated in Gibraltar
Judgment was given several days ago by Mrs Justice Falk in Re Nektan (Gibraltar) Ltd [2020] EWHC 65 (Ch). The case concerned an application for an administration order, under para. 12(1)(a) of Schedule B1 of the Insolvency Act 1986, in respect of a company incorporated in Gibraltar. The principal question before the court was whether it had the jurisdiction to do so. Mrs Justice Falk held that it did, in a decision exploring the meaning of "company" within paragraph 111 of Schedule B1, and the position of Gibraltar incorporated companies more generally.
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