More International Insolvencies Test Limits Of Ch. 15

Law360, New York (April 5, 2013, 12:33 PM EDT) -- Cross-border insolvencies are on the rise, and practitioners are rushing to keep up with developments in the law. While the filing of new petitions under Chapters 7, 11, 12 and 13 of the Bankruptcy Code have trended downward for the last few years, and new filings by municipalities under Chapter 9 have garnered headlines but remained within the historical range for such filings (albeit on the higher end of that range),[1] the number of new petitions for recognition of foreign proceedings under Chapter 15 have increased...
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