Involuntary Chapter 15 Bankruptcy Cases

Law360, New York (December 5, 2007, 12:00 AM EST) -- A recent bankruptcy decision in the Southern District of New York, which dismissed an involuntary Chapter 11 petition filed by bondholders of a foreign debtor, highlights the significance of the new Chapter 15 of the Bankruptcy Code, even in cases where Chapter 15 is not directly implicated.[i]

The Argentine Concurso Preventivo Proceeding

In 2002, during the Argentine currency crisis and recession, Compañía de Alimentos Fargo, S.A. (Fargo), Argentina's largest commercial producer and packager of bread products, defaulted on interest payments to its bondholders and filed a...
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