Hunkemöller: English court pauses cross-border restructuring challenge

Aziz Abdul and Alasdair Terkatz-Cameron of Addleshaw Goddard explain how the High Court paused an English claim challenging Hunkemöller's debt restructuring in favor of a more advanced New York case running on the same facts, finding that even though the exclusive jurisdiction clause pointed to England, the risk of the two courts reaching conflicting findings on the same "Up-Tiering Transaction" outweighed it.

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