Frankfurt Regional Court refuses to recognise UK Part 26A Restructuring Plan in Preliminary Judgment

Karsten Raupach and Franziska Kramer of Ashurst report that the Frankfurt Regional Court has refused to recognise a UK Part 26A restructuring plan for Berlin’s “Fürst” project, holding it was neither insolvency proceedings nor a foreign judgment under German law, a preliminary decision that casts doubt on the cross-border effectiveness of UK plans in Germany and potentially the wider EU.

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