UPC_APP_6601/2024

The Court of Appeal of the UPC refused to stay the provisional measures appeal proceedings despite NanoString's Chapter 11 bankruptcy filing in the US. The court held that even if the insolvency threshold under R. 311.1 RoP was met, no stay was warranted where the oral proceedings were already concluded and the case was ready for decision, balancing procedural economy and cost efficiency under Art. 41(3) UPCA.

Court of Appeal order declining to stay the provisional measures appeal proceedings following NanoString's insolvency (Chapter 11 bankruptcy under US law). The Court held that under R. 311(1) RoP, proceedings need not be stayed when a party is declared insolvent after the close of oral argument if the case is ready for decision, as principles of procedural economy, cost-efficiency and a fair balance between party interests (Art. 41(3) UPCA) support proceeding to judgment. US Chapter 11 proceedings qualified as insolvency under the applicable lex fori concursus.