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As , X UK Ltd company has a contract with Y UK ltd . only Y UK can invoice and recover it from the X UK ltd company . The other Irish company has no locus standi here to invoice the X company and to recover it .
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As Company X has contract with Company Y .
Now the Irish holding company only invoice company Y , only if the contract between X and Y allows so , ( Any holding company of Y can invoice and recover the debts of Y)
The contracted companies have to rely on the agreed jurisdiction clause in their contract.
The dispute can only be taken to the courts of agreed jurisdiction as per their contract.
If the contract is silent on this point, then holding party can not recover the debt of Y .
As X and Y both are UK registered companies, UK courts will have jurisdiction to any dispute arising out of their contract.