Court Petitions and Orders: Cross-border Insolvencies

-0.08704351.519540EC2M 2WGThe London Borough of Islington2010-11-162010-12-15TSO (The Stationery Office), St Crispins, Duke Street, Norwich, NR3 1PD, 01603 622211, customer.services@tso.co.uk1266841

THE CROSS‑BORDER INSOLVENCY REGULATIONS 2006

NOTIFICATION OF ORDER UNDER THE CROSS-BORDER INSOLVENCY REGULATIONS 2006

In the High Court of Justice (Chancery Division)

Companies Court No 6580 of 2010

CHESTERFIELD UNITED INC.

(Company Number 1454159 )

The Debtor does not carry on business within Great Britain.

Address of debtor: Akara Bldg., 24 De Castro Street, Road Town, Tortola, British Virgin Islands

The following order has been made in relation to the above debtor under the Cross‑Border Insolvency Regulations 2006 that the compulsory liquidation of the debtor under Section 159(1)(a) and 162(1)(a) of the British Virgin Islands Insolvency Act 2003 be recognised as a foreign main proceeding in accordance with the UNCITRAL Model Law on cross-border insolvency as set out in Schedule 1 to the Cross-Border Insolvency Regulations 2006.

THAT for the avoidance of doubt, the stay and suspension under Article 20 of the Model Law shall not affect or inhibit in any way the rights of the applicant to transfer, encumber or otherwise dispose of or deal with any of the debtor’s assets in the UK.

AND that there be no order as to costs

Order made on 16 November 2010

Weil, Gotshal & Manges, One South Place, London, EC2M 2WG (Ref: DMC/JD. 56012.0004)