Rescission of a Bankruptcy Order (Collatory Case) – 33 Bedford Row

Posted January 15th, 2025 in bankruptcy, chambers articles, insolvency, jurisdiction, news and tagged by sally

‘Section 375(1) of the Insolvency Act 1980 provides: “Every court having jurisdiction for the purposes of the Parts in this Group may review, rescind or vary any order made by it in the exercise of that jurisdiction.” Parliament’s decision to enact s.375(1), and the jurisdiction it creates, is inconsistent with the normal approach to the finality of litigation.’

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33 Bedford Row, 14th January 2025

Source: www.33bedfordrow.co.uk