The case concerned a bankrupt individual in New Zealand who had a beneficial interest in commercial property in London worth in excess of £15m. The High Court of New Zealand requested assistance from the English High Court under the Cross Border Insolvency Regulations 2006 for the English courts to recognise the bankruptcy proceedings in New Zealand. The English High Court allowed the recognition application and granted the Official Assignee in New Zealand the authority to realise the debtor’s interest in property in London.
Sajid was instructed by Hannah Jones and Emma Booth of Rosenblatt on behalf of the Official Assignee.
Recognition of foreign insolvency proceedings is a powerful tool enabling foreign creditors to pursue debtors’ assets in England and Wales. Sajid and Hannah recently co-authored an article on recognition of cross-border insolvency proceedings which can be found here. Should you require assistance in respect of cross-border insolvency, or any related matter, please contact Sajid Suleman of No5 Chambers at ssu@no5.com and/or Hannah Jones of Rosenblatt at hannah.jones@rosenblatt.co.uk.
