Conflicting Decisions Create Uncertainty on Key Chapter 15 Issue

, New York Law Journal


In their Bankruptcy Practice column, John J. Rapisardi and Joseph Zujkowski of O'Melveny & Myers, analyze two opinions, entered within a week of each other in mid-December, in which the Second Circuit and the U.S. Bankruptcy Court for the District of Delaware reached opposite conclusions on the question of whether a foreign debtor must have assets located in the United States in order for a U.S. bankruptcy court to "recognize" its foreign insolvency proceeding under chapter 15.

This premium content is reserved for New York Law Journal subscribers.

Continue reading by getting started with a subscription.

Already a subscriber? Log in now

What's being said

Comments are not moderated. To report offensive comments, click here.

Preparing comment abuse report for Article #1202636457739

Thank you!

This article's comments will be reviewed.