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Legal Update

English High Court assists Australian Court to effect clawback from Lloyd’s Syndicate

30 March 2011
Mayer Brown Legal Update
On 15 March 2011, the High Court of Justice (the “English Court”) used its statutory powers under s.426 of the Insolvency Act 1986 (the “Act”) to order a Lloyd’s Syndicate to pay the amount due under a judgment of the Supreme Court of New South Wales in Australia (the “Australian Court”) relating to unfair preference payments.
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