Salford Estates overturned: Implications for insolvency proceedings and arbitration agreements

James Glaysher and Lucy Edwards of Kingsley Napley summarise the Privy Council’s recent decision in the Salford Estates case (which is now binding on the UK courts), which considered whether a company can be wound up for a debt due under an agreement with an arbitration clause, or whether it’s necessary to first obtain an arbitral award.

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