Case Study: Rubin V. Eurofinance

Law360, New York (September 21, 2010, 1:16 PM EDT) -- In Rubin v. Eurofinance SA, [2010] EWCA Civ 895, [2010] All ER (D) 358 (Jul), the English Court of Appeal Civil Division determined that a U.S. bankruptcy court’s monetary default judgment obtained against Eurofinance and its principals, British citizens, was enforceable. In doing so, the court of appeal favored a “universal” approach to international bankruptcy cases and recognized adversary proceedings as part and parcel of the main bankruptcy case under American bankruptcy rules.

The decision did not require initiation of a separate proceeding to obtain an...
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