The claimants had made claims in the insolvency of Landsbanki in Iceland. There had been a ruling by Landsbanki’s winding-up board in those Icelandic winding-up proceedings that to the extent that it was final and binding in Iceland, it must also be recognised and given effect in the United Kingdom, and that effect should also … Continue reading The Winding Up Board of Landsbanki Islands Hf v Mills and Others: OHCS 20 Jul 2010

A claim by Heritable (H) in Landsbanki’s (L) insolvency had been rejected and then withdrawn before the Icelandic court, and L now appealed against rejection of its own assertion that that Icelandic decision was binding also within its own claim against H in H’s Scottish insolvency. L’s revolving credit facility claim had been rejected, applying … Continue reading Heritable Bank Plc, Administrators of v The Winding-Up Board of Landsbanki Islands Hf: SC 27 Feb 2013