Analyzing Ch. 15 Recognition Motion And Provisional Relief
Law360, New York (June 5, 2013, 1:58 PM EDT) -- Chapter 15's flexibility allows it to be used for a multitude of reorganization purposes, starting with injunctive relief to protect a foreign debtor's assets located in U.S. territory. Both provisional and final relief under Chapter 15 have been used to:
provide a debtor with protection against ipso facto termination of its United States executory contracts. See In re Arctic Glacier Int'l Inc., No. 12-10605 (Bankr. D. Del. Mar. 14, 2012); In re Crystallex Int'l Corp., No. 11-14074 (Bankr. D. Del. Jan. 20, 2012); In re Angiotech Pharmaceuticals Inc., No. 11-10269 (Bankr. D. Del. Feb. 22, 2011). establish procedures for United States...
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