Clifford Chance
Supreme Court decides Olympic Airlines case – and the meaning of establishment for European Regulation on Insolvency
12 May 2015
On 29 April the English Supreme Court declined an appeal by the trustees of a pension scheme in relation to Olympic Airlines SA, the former state-owned Greek airline. The trustees sought to argue that the English court did have jurisdiction to wind up Olympic Airlines SA as a secondary insolvency proceeding (it was already the subject of Greek main insolvency proceedings).
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