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ARTICLE · 11 AUGUST 2021

Centre Of Main Interest Appealed

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Two parties to a charterparty fell into dispute. The defendant company had its registered office in the BVI. Two months after being served with proceedings in the BVI, the defendant company moved its registered office to Malta.

GlobalInsolvency/Bankruptcy/Re-Structuring

Two parties to a charterparty fell into dispute. The defendant company had its registered office in the BVI. Two months after being served with proceedings in the BVI, the defendant company moved its registered office to Malta.

The claimant obtained judgment in default against the defendant company and petitioned in England to wind up the defendant company. The winding up order was granted but the defendant company successfully appealed the winding up order on the basis that its centre of main interests (“COMI”) remained in Malta and therefore the English Court had no jurisdiction to wind up the defendant company. 

A company's COMI is where it conducts the administration of its interests on a regular basis and which is ascertainable by third parties. The rebuttable presumption is that a company's COMI is where the company's registered office is located.

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