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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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