International Co-operation in Cross-Border Insolvency: HIH Insurance
Author: Townsend, John
Source: Modern Law Review, Volume 71, Number 5, September 2008 , pp. 811-822(12)
Abstract:The House of Lords decision in HIH Insurance raised important questions about the pari passu principle of distribution in cross-border insolvency. This comment examines the case in light of academic debate, arguing that Lord Hoffmann's application of the principle of (modified) universalism achieved distributive justice amongst HIH group creditors.
Document Type: Research Article
Affiliations: Pupil, Maitland Chambers, 2007–8
Publication date: 2008-09-01