We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

2 New Decisions Clarify Chapter 15 Requirements

Law360 (May 17, 2018, 12:45 PM EDT) -- In April, two decisions from the Southern District of New York were added to the burgeoning body of case law under Chapter 15 of the Bankruptcy Code.[1] The decisions addressed (1) whether nonconsensual third-party releases granted in a foreign jurisdiction are enforceable in the U.S. under Chapter 15, (2) whether foreign breach of fiduciary duty judgment claims follow directors who move to the U.S. and, if so, are those claims "property" under the Bankruptcy Code, and (3) how much (or how little) does a debtor need to...
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.