In SOCAR & Ors v Mansimov & Ors [2026] EWHC 2102 (Comm), the High Court asserted jurisdiction under Section 423 of the Insolvency Act 1986 (transactions defrauding creditors) over corporate restructurings designed to frustrate arbitral award enforcement. The judgment confirms that common law courts will scrutinise multi-tiered group realignments across onshore and offshore vehicles where the primary purpose is to shield assets from judgment creditors.
UK Commercial Court: s. 423 Jurisdiction Over Award Avoidance Restructurings (SOCAR v Mansimov)