https://www.taxtmi.com/caselaws?id=96577 A foreign corporation dissolved under the law of its country of incorporation ceases to exist for all purposes, so an English court cannot permit proceedings to continue in its name once non-existence is shown. The court applies its own lex fori to determine whether the claimant has legal personality to sue, and if the plaintiff has been destroyed by its domestic law, the action cannot be maintained. The court noted that difficulties concerning branch assets might be addressed through winding up of the foreign company under section 338 of the Companies Act, 1929, which contemplated winding up a foreign company that had ceased to exist under its own law. The action was stayed. en-us Tue, 12 Jan 1932 00:00:00 +0530 Mon, 09 Jan 2012 15:19:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96577 A foreign corporation dissolved under the law of its country of incorporation ceases to exist for all purposes, so an English court cannot permit proceedings to continue in its name once non-existence is shown. The court applies its own lex fori to determine whether the claimant has legal personality to sue, and if the plaintiff has been destroyed by its domestic law, the action cannot be maintained. The court noted that difficulties concerning branch assets might be addressed through winding up of the foreign company under section 338 of the Companies Act, 1929, which contemplated winding up a foreign company that had ceased to exist under its own law. The action was stayed. Case-Laws Companies Law Tue, 12 Jan 1932 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96577