The Trustees of the Olympic Airlines SA Pension and Life Assurance Scheme (Appellants) v Olympic Airlines SA (Respondent)

[2015] UKSC 27

29th April 2015

Supreme Court


The Supreme Court has determined that the mere internal administration of a winding-up, including payments for staff and utilities, is not “economic activity” within article 2(h) of the Insolvency Regulation 1346/2000.  Instead what is required for an “establishment” to open secondary or territorial proceedings is market activity of the debtor with third parties.

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