• Insolvency Insider UK
  • Posts
  • First Come, First Served – Final Third Party Debt Order granted despite outstanding application to recognise foreign insolvency proceedings

First Come, First Served – Final Third Party Debt Order granted despite outstanding application to recognise foreign insolvency proceedings

David Leibowitz, Laura Edwards and Nick Payne of Mishcon de Reya recap a case which demonstrates that creditors with the benefit of a third-party debt order are ostensibly in a better position than other unsecured creditors of an insolvent estate.