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Company – Winding-up. The Chancery Division, dismissed the petitioners' application to have a winding up petition heard in the UK, in respect of the respondents foreign companies, which were part of a group that developed and operated luxury Caribbean resorts. The court ruled that, notwithstanding that a reasonably substantial connection with England had been satisfied, the English court had no jurisdiction for a winding up order in circumstances where, among other things, most of the companies assets were mainly in a foreign jurisdiction, and where the order sought would prove ineffective.
Company – Winding-up. The Chancery Division, dismissed the petitioners' application to have a winding up petition heard in the UK, in respect of the respondents foreign companies, which were part of a group that developed and operated luxury Caribbean resorts. The court ruled that, notwithstanding that a reasonably substantial connection with England had been satisfied, the English court had no jurisdiction for a winding up order in circumstances where, among other things, most of the companies assets were mainly in a foreign jurisdiction, and where the order sought would prove ineffective.
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Westgate Wealth Management Ltd is a Partner Practice of FTSE 100 company St. James’s Place – one of the top UK Wealth Management firms. We offer a holistic service of distinct quality, integrity, and excellence with the aim to build a professional and valuable relationship with our clients, helping to provide them with security now, prosperity in the future and the highest standard of service in all of our dealings.
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