No Bright-Line For Foreign Insolvency Law In Ch. 15

Law360, New York (December 12, 2013, 7:01 PM EST) -- In Jaffé v. Samsung Electronics Co. Ltd., et al.,[1] the Fourth Circuit confirmed the absence of a bright-line rule governing whether foreign insolvency law will apply in cases under Chapter 15 of the Bankruptcy Code.[2] Rather, the Fourth Circuit joined the Fifth Circuit[3] in concluding that Bankruptcy Code § 1522(a) requires balancing the interests of a foreign debtor and its creditors when considering whether to apply a foreign law.

Here, the German insolvency administrator sought to reject patent licenses under § 103 of the German Insolvency...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.