Foreign lawyers, insolvency practitioners and award creditors may assume that transactions involving foreign companies, foreign assets and foreign individuals must be challenged in the jurisdiction where those assets are located. The Commercial Court’s decision in The State Oil Company of the Republic of Azerbaijan & Ors v Mubariz Mansimov & Ors [2026] EWHC 2102 (Comm) demonstrates that the position may be more nuanced.
For more: https://www.summitlawllp.co.uk/london-courts-will-unwind-asset-stripping-schemes/