Foreign insolvency — whether termination of contract of affreightment prevented

F, a party to a contract of affreightment that was expressly subject to English law, had an express right to terminate the contract on the insolvency of the other party, P (a Korean company). P entered into an insolvency process in Korea, and that process was recognised by an order of the English court as a ‘foreign main proceeding under the Cross-Border Insolvency Regulations 2006’.

F terminated the contract of affreightment under its express contractual right. The administrator of P applied to the English court for an order that F should not exercise its right to terminate…

Click on the link below to read the rest of the Stephenson Harwood briefing.

Sign in or Register to continue reading this article

Sign in


It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer


Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.


Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.


Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Briefings from Stephenson Harwood

View more briefings from Stephenson Harwood

Analysis from The Lawyer

Browse This Firm’s


1 Finsbury Circus

Turnover (£m): 121.00
No. of lawyers: 341 (UK 200)
Jurisdiction: UK
No. of offices: 5
No. of qualified lawyers: 86 (International 50)
No. of partners: 26