In this quick guide, we take a look at the options available to insolvency practitioners seeking to enforce judgment following a successful claim.
This guide emphasises the importance of assessing whether there is a realistic prospect of recovery, both before commencing proceedings and throughout the litigation process. Given the cost and time of pursuing a claim, an insolvency practitioner must evaluate whether pursuing a claim would ultimately deliver a benefit to the insolvent estate.
We outline a range of recovery mechanisms available when seeking to recover monetary judgments and highlight potential challenges associated with those. We also consider cross-border enforcement and points for practitioners to consider around the recognition of UK judgments, the impact of local rules and the extent to which additional assistance may be required.
Collectively this guide provides an overview for practitioners to assist in understanding and evaluating potential recovery options.
Read the full insight to learn more.
