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British Eagle International Airlines Ltd v Compagnie Nationale Air France : ウィキペディア英語版 | British Eagle International Airlines Ltd v Compagnie Nationale Air France
''British Eagle International Air Lines Ltd v Cie Nationale Air France'' () 1 WLR 758 is a UK insolvency law case, concerning priority of creditors in a company winding up. ==Facts== A number of airlines agreed to set up a clearing house to manage debt and credit accounts among themselves. Each airline in the group owed multiple and changing debts to one another, so to make settlements easier, participants were not meant to claim against one another, but simply enter their transactions in the clearing house, and then settle the balance at the end of each month. The clearing house fell under the authority of the International Air Transport Association, or IATA. British Eagle went insolvent, and owed money to the clearing house overall, but was a creditor to Air France. The liquidator attempted to recover the money from Air France and Air France argued it was bound by the clearing house scheme, and could only collect money after netting out the claims of creditors of British Eagle in IATA. So the liquidator challenged the legality of the scheme, as it purported to sidestep ''pari passu''.
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