Ch. 15 In Practice: Fogerty V. Condor

Law360, New York (March 24, 2009, 12:00 AM EDT) -- April 17, 2009 will mark the three-and-a-half-year anniversary of the effective date of Chapter 15 of the Bankruptcy Code, which was enacted as part of the comprehensive bankruptcy reforms implemented under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.

Governing cross-border bankruptcy and insolvency cases, Chapter 15 is patterned after the Model Law on Cross-Border Insolvency (the “Model Law”), a framework of legal principles formulated by the United Nations Commission on International Trade Law in 1997 to deal with the rapidly expanding volume of...
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