Australian court refuses to stay Greensill administrators’ PPSA claim despite parallel English challenge

Dina Kovacevic of Insolvency Insider shares that the NSW Supreme Court has refused to stay PPSA enforcement proceedings brought by the administrators of Greensill Capital (UK) Ltd, despite recognition of the English administration under the Model Law, holding that recognition does not require deference where Australian statutory property rights are in issue, particularly as the parallel English proceedings remain subject to a moratorium.

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