Hearings
30 Jan 2013 [2013] EWHC 7 (Ch); [2013] CN 152, Ch D (Asplin J)
27 Nov 2013 [2013] EWCA Civ 1493; [2014] Bus LR 341; [2013] WLR (D) 459; [2014] CP Rep 14, CA
19 May 2014 (appn dis) [2014] Bus LR 712, SC(E)
Isis Investments Ltd v Oscatello Investments Ltd
Subject Matter
CONFLICT OF LAWS — Jurisdiction — Exclusive jurisdiction — Winding up of credit institution — Directive requiring that effects of winding up proceedings on lawsuits in other member states to be governed by law of home state — Exception under which effects on “pending lawsuit” governed by law of state where litigation progressing — Whether “pending lawsuit” referring to proceedings in entirety — Whether court having jurisdiction to allow new Part 20 claims — Parliament and Council Directive 2001/24/EC, arts 10(2)(e), 32
CONFLICT OF LAWS — Jurisdiction — Exclusive jurisdiction — Credit institutions generally to be wound up in accordance with laws applicable in its home member state — Whether exception for “lawsuits pending” applying — Council Directive 2001/24/EC, arts 10(2)(e), 32
Legislation Considered
EU Enactments
Directive 2001/24/EC (Parliament and Council), arts 10(2)(e), 32
Words & Phrases
"Pending lawsuit" — Parliament and Council Directive 2001/24/EC, art 32
Cases Considered
Cases considered in: Isis Investments Ltd v Oscatello Investments Ltd [2013] EWCA Civ 1493; [2014] Bus LR 341; [2013] WLR (D) 459; [2014] CP Rep 14, CA
Syska v Vivendi Universal SA [2009] EWCA Civ 677; [2009] Bus LR 1494; [2009] 2 All ER (Comm) 891; [2009] WLR (D) 236, CA Considered
Cases Cited
Cases cited in: Isis Investments Ltd v Oscatello Investments Ltd [2013] EWHC 7 (Ch); [2013] CN 152, Ch D
Amlin Corporate Member Ltd v Oriental Assurance Corpn [2012] EWCA Civ 1341; [2013] 1 All ER (Comm) 495; [2012] 2 CLC 895, CA
Cambridge Gas Transportation Corpn v Official Committee of Unsecured Creditors of Navigator Holdings plc [2006] UKPC 26; [2007] 1 AC 508; [2006] 3 WLR 689; [2006] 2 All ER (Comm) 695; [2006] 3 All ER 829, PC
Curtis & Anor v Lockheed Martin UK Holdings Ltd [2008] EWHC 260 (Comm), QBD
FKI Engineering Ltd v Stribog Ltd [2011] EWCA Civ 622; [2011] 1 WLR 3264; [2011] Bus LR 1410; [2012] 1 All ER (Comm) 549; [2011] 2 Lloyd's Rep 387; [2011] WLR (D) 178, CA
In re New Cap Reinsurance Corpn Ltd [2012] UKSC 46; [2013] 1 AC 236; [2012] 3 WLR 1019; [2013] Bus LR 1; [2013] 1 All ER 521; [2013] 1 All ER (Comm) 513; [2012] 2 Lloyd's Rep 615; [2012] BPIR 1204; The Times, 9 November 2012; Case details, SC(E)
Klockner Holdings GmbH & Anor v Klockner Beteiligungs GmbH [2005] EWHC 1453 (Comm), QBD
Konamaneni v Rolls Royce Industrial Power (India) Ltd [2002] 1 WLR 1269; [2002] 1 All ER 979; [2002] 1 All ER (Comm) 532, Ch D
Ledra Fisheries Ltd v Turner [2003] EWHC 1049 (Ch), Ch D
Lornamead Acquisitions Limited v Kaupthing Bank HF [2011] EWHC 2611 (Comm); 2011 EWHC 2611 (Comm), QBD
Pergamon Press Ltd v Maxwell [1970] 1 WLR 1167; [1970] 2 All ER 809, Ch D
Syska v Vivendi Universal SA [2008] EWHC 2155 (Comm); [2009] Bus LR 367; [2009] 1 All ER (Comm) 244; [2008] 2 Lloyd's Rep 636, QBD
Syska v Vivendi Universal SA [2009] EWCA Civ 677; [2009] Bus LR 1494; [2009] 2 All ER (Comm) 891; [2009] WLR (D) 236, CA
The Atlantic Star [1974] AC 436; [1973] 2 WLR 795; [1973] 2 All ER 175; [1973] 2 Lloyd's Rep 197, HL(E)
Cases cited in: Isis Investments Ltd v Oscatello Investments Ltd [2013] EWCA Civ 1493; [2014] Bus LR 341; [2013] WLR (D) 459; [2014] CP Rep 14, CA
Commission of the European Communities v Kingdom of Spain. (Case C-83/99); EU:C:2001:31, ECJ
Fortress Value Recovery Fund I LLC v Blue Skye Special Opportunities Fund LP (No 2) [2013] EWHC 14 (Comm); [2013] 1 All ER (Comm) 973; [2013] CN 59, QBD
LBI hf (formerly Landsbanki Islands hf) v Kepler Capital Markets SA (Case C-85/12); EU:C:2013:697; [2013] CN 1597, ECJ
Langley Constructions (Brixham) Ltd v Wells [1969] 1 WLR 503; [1969] 2 All ER 46, CA
Lornamead Acquisitions Limited v Kaupthing Bank HF [2011] EWHC 2611 (Comm); 2011 EWHC 2611 (Comm), QBD
Mazur Media Ltd v Mazur Media GmbH [2004] EWHC 1566 (Ch); [2004] 1 WLR 2966; [2005] 1 Lloyd's Rep 41, Ch D
Syska v Vivendi Universal SA [2009] EWCA Civ 677; [2009] Bus LR 1494; [2009] 2 All ER (Comm) 891; [2009] WLR (D) 236, CA
Cases citing
Cases citing: Isis Investments Ltd v Oscatello Investments Ltd [2013] EWHC 7 (Ch); [2013] CN 152, Ch D
Maurice J Bushell & Co v Born [2013] EWHC 7 (Ch); [2013] CN 153, Ch D
Murray Holdings Ltd v Oscatello Investments Ltd [2018] EWHC 162 (Ch), Ch D
Pinterest Inc v Premium Interest Ltd [2015] EWHC 738 (Ch); [2015] CN 611, Ch D
Pinterest, Inc v Premium Interest Ltd [2015] EWHC 738 (Ch), Ch D
Tchenguiz v Grant Thornton UK llp [2015] EWHC 1864 (Comm); [2015] 2 BCLC 307; [2015] CN 1131, QBD
Cases citing: Isis Investments Ltd v Oscatello Investments Ltd [2013] EWCA Civ 1493; [2014] Bus LR 341; [2013] WLR (D) 459; [2014] CP Rep 14, CA
Tchenguiz v Grant Thornton UK llp [2017] EWCA Civ 83; [2018] QB 695; [2018] 2 WLR 834; [2017] 2 BCLC 299; [2017] WLR (D) 153, CA
Tchenguiz v Grant Thornton UK llp [2015] EWHC 1864 (Comm); [2015] 2 BCLC 307; [2015] CN 1131, QBD