Re Sturgeon Central Asia Balanced Fund Ltd (in liquidation)

Company – Insolvency. The applicant provisional liquidators' application for recognition in Great Britain of a company's liquidation as a 'foreign main proceeding' under the Cross-Border Insolvency Regulations 2006, SI 2006/1030, succeeded. The Chancery Division held that s 161 of the Bermuda Companies Act could fairly be described as a 'law relating to insolvency', as per art 2(g) of the UNICTRAL model law. It was clearly right that a winding up on just and equitable grounds could qualify for recognition in circumstances where the entity was insolvent.

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