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Restructuring GlobalView

UK Supreme Court confirms creditors’ ability to rely on unrecognised foreign judgments in bankruptcy proceedings

The case of Valeriy Ernestovich Drelle v Service-Terminal LLC[1] has, over recent years, caused lots of debate over whether unrecognised, unregistrable foreign judgments could form the basis of a bankruptcy petition pursuant to sections 267 and 268 of the Insolvency Act 1986 (“Act”). On 27 July 2026, the Supreme Court finally put that debate to...... Continue Reading

August 2026 | Blog

Restructuring GlobalView

Court of Appeal Refocuses the s.238 Test: Identifying the Real Transaction (UK)

The Court of Appeal’s recent judgment in TAQA Bratani Limited (“TAQA”) & Others v Fujairah Oil & Gas UK LLC & Others [2025] EWCA Civ 1669 provides clarity on how the Court will approach the question of whether a transaction, is a transaction at an undervalue caught under s.238 of the Insolvency Act 1986 (“Act”)....... Continue Reading

June 2026 | Blog

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