2nd Circ. Says Foreign Cos. Can't Skirt Key Bankruptcy Rule
A three-judge panel reversed U.S. Bankruptcy Judge Shelley C. Chapman’s ruling last year that allowed Queensland, Australia-based property finance group Octaviar Administration Pty Ltd. to be recognized as a foreign proceeding under Chapter 15 of the U.S. Bankruptcy Code.
The panel held that...
Already a subscriber? Click here to login