McGrath and Others v Riddell and Another
House of Lords
“The fact that in a country of principal winding-up of a company in liquidation there would be a class of preferential creditors who would not have priority under English insolvency law was insufficient reason for an English court to refuse to exercise its discretion, under section 426 of the Insolvency Act 1986, to order remission of assets located in England to the country of principal winding-up.”
The Times, 11th April 2008
Source: www.timesonline.co.uk
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