In the matter of Astora Women's Health LLC
The US Chapter 11 proceedings in respect of Astora Women’s Health LLC are collective judicial proceedings for reorganisation or liquidation, subject to the supervision of the US Bankruptcy Court, and thus constitute a 'foreign proceeding' under the CBIR. Mark Thomas Bradley is a duly authorised foreign representative. There are no public policy grounds to refuse recognition. Astora’s centre of main interests is in the United States, so the proceedings are recognised as foreign main proceedings.
- Parties
- Applicant: Mark Thomas Bradley; Debtor: Astora Women’s Health LLC
- Jurisdiction
- England and Wales
- Judgment Date
- 27 September 2022
- Procedural Posture
- Insolvency Recognition Application / Judgment on Application for Recognition of Foreign Main Proceedings
- Outcome
- Application granted
- Legal Topics
- Recognition of Foreign Insolvency Proceedings, UNCITRAL Model Law, Chapter 11 US Bankruptcy, Public Policy Exception, Centre of Main Interests (comi)
Case Brief
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Parties
Mark Thomas Bradley
Applicant
Astora Women’s Health LLC
Debtor
Procedural Posture
Insolvency Recognition Application / Judgment on Application for Recognition of Foreign Main Proceedings
Legal Issues
- 1 Whether the US Chapter 11 proceedings in respect of Astora Women’s Health LLC constitute a 'foreign proceeding' under the Cross-Border Insolvency Regulations 2006 (CBIR)
- 2 Whether Mark Thomas Bradley is a 'foreign representative' entitled to seek recognition
- 3 Whether there are public policy grounds to refuse recognition
Ratio Decidendi
The US Chapter 11 proceedings in respect of Astora Women’s Health LLC are collective judicial proceedings for reorganisation or liquidation, subject to the supervision of the US Bankruptcy Court, and thus constitute a 'foreign proceeding' under the CBIR. Mark Thomas Bradley is a duly authorised foreign representative. There are no public policy grounds to refuse recognition. Astora’s centre of main interests is in the United States, so the proceedings are recognised as foreign main proceedings.
Court Disposition
Application granted
Orders
- Recognition of US Chapter 11 proceedings in respect of Astora Women’s Health LLC as foreign main proceedings under the CBIR
- Order to be enforced in Scotland as if made by the relevant Scottish court
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