August 16, 2022

United States: Chapter 15 Inapplicable Unless “Foreign Representative” Seeks Enforcement Of Foreign Insolvency Court’s Order

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Article by Timothy Hoffmann and Mark G. Douglas From Jones & Day Chapter 15 of the Bankruptcy Code offers an effective mechanism for U.S. courts to provide assistance to non-U.S. courts presiding over the insolvency proceedings of foreign debtors with assets located in the U.S. An important feature of chapter 15 is “comity,” the deference […]