- •Acknowledgements
- •Table of Contents
- •List of Cases
- •List of Legal Instruments
- •Introduction
- •1 Research Background
- •(A) Multinational Corporation Groups
- •(B) The Importance of Legal Certainty to MCG Insolvency Cases
- •(C) Abusive Forum Shopping
- •(D) Background on European Insolvency Regulations
- •2 Research Questions
- •3 Research Methodology
- •4 Structure of the Thesis
- •(A) The Concepts of Limited Liability, Separate Legal Personality, and Lifting the Veil
- •(B) Corporate Groups in UK Case Law
- •(C) Post Adams Era and the Problems of the Company Law Approach
- •1.2 The Conflict of Laws Perspective: Theories and Implications
- •(A) Universalism Theory in Insolvency Proceedings
- •(B) Modified Universalism Theory in Insolvency Proceedings
- •(C) The Principle of Territoriality
- •(D) The Principle of Cooperative Territoriality
- •(E) The Principle of Contractualism
- •1.3 Conclusion
- •2.1 The Notion of the COMI under the EIR 2000
- •(A) Importance of the COMI
- •(B) The Notion of the COMI
- •(C) Registered Office Approach vs Real Seat Approach
- •(A) Analysis of the Case of Daisytek ISA Limited: The ‘Head Office Function’ Approach
- •(B) Analysis of the Eurofood Case: The Registered Office Approach
- •2.3 Forum Shopping and European Insolvency Regulation
- •(A) The Implications of Forum Shopping in the Insolvency Regulation
- •(B) Preventing Abusive Forum Shopping
- •2.4 Conclusion
- •3.1 Substantive Consolidation
- •3.2 Coordination and Cooperation
- •(A) Procedural Coordination
- •(B) Enhanced Cooperation and Coordination
- •3.3 Harmonisation of Insolvency Laws within the EU
- •(A) Full Harmonisation
- •(B) Harmonisation of Selected Insolvency Topics
- •3.4 Party Autonomy
- •(A) International Protocols: An Effective Tool for Dealing with the Insolvency of MCGs
- •(B) Choice Model
- •3.5 Conclusion
- •4.1 Overview of the EIR Recast
- •4.2 Legal Certainty-Enhancing Provisions of the EIR Recast
- •(A) Secondary Proceedings
- •(B) Clarification of the Notion of the COMI
- •(C) Chapter V on Insolvency Proceedings of a Member of a Group of Companies
- •(i) Cooperation and Communication
- •(ii) Coordination
- •4.3 Opportunities for Reform
- •4.4 Conclusion
- •Conclusion
- •1 Cross-Border Insolvency of MCGs
- •2 Original Contribution
- •3 Future Research
- •4 Final Remarks
- •Bibliography
List of Cases
American Cases
In re Augie/Restivo Baking Company Limited 860 F.2d 515 (2d Cir 1988)
Global Telesystems Inc v KPNQwest NV 151 F.Supp.2d 478 (SDNY 2001)
In re Maxwell Communication Corp Case No 91-15741 (Bankr SDNY 15 January 1992)
In re Owens Corning 419 F.3d 195 (3d Cir 2005)
Soviero v Franklin National Bank of Long Island 328 F.2d 446 (1964)
Canadian Cases
Re A & F Baillargeon Express Inc (1993) 27 CBR (3d) 36 (Que SC)
Ashley v Marlow Group Private Portfolio Management Inc (2006) 22 CBR (5th) 126 (Ont SC)
English Cases
Adams v Cape Industries Plc [1990] Ch 433
Beckett Investment Management Group Ltd v Hall [2007] EWCA Civ 613, [2007] ICR 1539 BCCI SA, Re [1992] BCLC 1490
Briggs v James Hardie & Co Pty Ltd [1989] 16 NSWLR 549
Bugle Press Ltd, Re [1961] Ch 270
vi
Cambridge Gas Transport Corp v Official Committee of Unsecured Creditors of Navigator Holding PLC [2006] UKPC 26, [2006] 3 WLR 689
Cassidy v Ministry of Health [1951] 2 KB 343
Chandler v Cape Plc [2012] EWCA Civ 525, [2012] 1 WLR 311
Collins & Aikman Europe SA, Re [2005] EWHC 1754 (Ch), [2006] BCC 861
A Company, Re [1985] BCLC 94
Daisytek-ISA Ltd and Others, Re [2003] All ER (D) 312
DHN Food Distributors Ltd v Tower Hamlets LBC [1976] 3 AII ER 462 FG (Films) Ltd, Re [1953] 1 AII ER 615
Gilford Motor Co Ltd v Horne [1933] Ch 935
Gramophone and Typewriter Ltd v Stanley [1908] 2 KB 89
Hans Brochier Holdings Ltd v Exner [2007] BCC 127
IRC v Sanson [1921] 2 KB 336
Lehman Brothers International Europe (In Administration), Re [2012] UKSC 6 [2012] 3 All ER 1
Magyar Telecom BV [2013] EWHC 3800 Ch, [2014] BCC 448
MG Rover Espana and other Subsidiaries [2005] BPIR 1162, [2006] BCC579 Nortel Networks & Ors, Re [2009] EWHC 206, [2009] BCC 343
Prest v Petrodel Recources Ltd [2013] UKSC 34, [2013] 3 WLR 1
Polly Peck International Plc (In Administration) (No 4), Re [1996] 2 All ER 433
Rainham Chemical Works Ltd v Belvedere Fish Guano Co LTD [1921] 2 AC 465 vii
Salomon v Salomon & Co Ltd [1897] UKHL 1, [1897] AC 22
Samengo-Turner v J & H Marsh & McLennan (Services) Ltd, [2007] EWCA Civ 723, [2008] IRLR 237
Stanford International Bank Limited, Re [2009] EWHC 1441 (Ch), [2009] BPIR 1157
VTB Capital Plc v Nutritek International Corp [2013] UKSC 5, [2013] 2 WLR 398
Woolfson v Strathclyde Regional Council [1978] UKHL 5, [1979] 38 PCR 521
German Cases
BGHZ Case Number VIII ZR 51/95 (3 April 1996)
Italian Cases
Daisytek – Versailles 2003 WL 22936778
CJEU Cases
Case C-210/06 Cartesio Okatato es Szolgaltato bt [2008] ECR 1-9641
Case C-212/97 Centros Ltd v Erhvervs-og Selskabsstyrelsen [1999] ECR 1-1459
Case C-341/04 Eurofood IFSC Ltd [2006] ECR 1-3813
Case 314/85 Frost v Hauptzollamt Lubeck - Ost [1987] ECR 4199
Case C-396/09 Interedil SrI (In liquidation) v Fallimento Interedil SrI and another [2011] WLR 334
Case C-191/10 Mediasucre [2012] ECR 239
viii
Case C-191 Rastelli Davide e C Snc v Hidoux [2012] EWIR 87
Case C- 208/00 Überseering BV v Nordic Construction Company Baumanagement [2002] ECR 1-9919
ix