https://www.taxtmi.com/caselaws?id=248843 A foreign currency convertible bond issue was treated as a contractual debt security governed by the trust deed and bond conditions, with debt obligations continuing until conversion or maturity. The documents also provided that English law governed the transaction and that English courts had exclusive jurisdiction over disputes arising from or connected with the bonds. In that setting, a local winding-up petition could not be used to determine event of default, contractual preconditions for enforcement, or liability under the foreign-law contract before the chosen forum had resolved those issues. The petition was therefore not maintainable on the stated contractual framework. en-us Tue, 04 Mar 2014 00:00:00 +0530 Thu, 26 Jun 2014 11:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248843 A foreign currency convertible bond issue was treated as a contractual debt security governed by the trust deed and bond conditions, with debt obligations continuing until conversion or maturity. The documents also provided that English law governed the transaction and that English courts had exclusive jurisdiction over disputes arising from or connected with the bonds. In that setting, a local winding-up petition could not be used to determine event of default, contractual preconditions for enforcement, or liability under the foreign-law contract before the chosen forum had resolved those issues. The petition was therefore not maintainable on the stated contractual framework. Case-Laws Companies Law Tue, 04 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248843