Re Stemcor Trade Finance Ltd

JurisdictionEngland & Wales
Neutral Citation[2015] EWHC 2662 (Ch)
Date2015
CourtChancery Division
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10 cases
  • AIRASIA X BERHADS. Suhendran vs Kwan Will SenBOC AVIATION LIMITED
    • Malaysia
    • High Court (Malaysia)
    • 19 February 2021
    ...[54]; my own observations to that effect in Re Baltic Exchange Ltd [2016] EWHC 3391 at [17], citing Re Stemcor Trade Finance Ltd [2016] BCC 194 at [17] – [18]; and the recent discussion of this approach by Falk J in Re Codere Finance 2 (UK) Limited [2020] EWHC 2441 (Ch) at et seq .. 24. App......
  • Global Garden Products Italy S.P.A.
    • United Kingdom
    • Chancery Division
    • 27 June 2016
    ...rights that may be granted to creditors under the terms of the wider restructuring contemplated by the scheme. I made a similar point in Re Stemcor [2015] EWHC 2662 (Ch) at paragraph 18. 47 I would also endorse a suggestion made by Nugee J in Re Codere Finance UK Ltd [2015] EWHC 3206 (Ch) a......
  • Re SABMiller Plc
    • United Kingdom
    • Chancery Division
    • 23 August 2016
    ...is indeed such a practice, and I encountered a similar situation in the recent creditors' scheme case of Stemcor Trade Finance Limited [2016] BCC 194, in which I said, at para 22, "At the start of the hearing, I raised with Mr. Smith the question of whether, contrary to the submissions in h......
  • Pizzaexpress Financing 2 Plc
    • United Kingdom
    • Chancery Division
    • 30 September 2020
    ...independent, not the placeman of the appointor. I will adopt to this provision the same approach as that taken by Snowden J in Re Stemcor [2016] BCC 194 at [21] to [23] — in particular (i) endorsing his view that these nomination rights are in any event not of such materiality as to make it......
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1 firm's commentaries
  • Oil On Troubled Waters: Successful Restructuring Of Ocean Rig Group
    • Cayman Islands
    • Mondaq Cayman Islands
    • 3 October 2017
    ...Court in Re Apcoa Parking Holdings GmbH & Ors [2014] EWHC 3899 (Ch), per Hildyard J at [52]. 4 Judgment at [57], [66]-[68] 5 Stemcor [2016] BCC 194 at [18] in reliance on Re Uniq [2012] 1 BCLC 783 at [24]. The Court considered these authorities on this issue during the course of argumen......

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