Cross-Border Avoidance Transactions
In an environment where business takes place largely without regard to borders, avoidance proceedings can catch suppliers off-guard. This panel discusses the similarities and differences among local avoidance regimes and the challenges facing suppliers dealing across borders. The panel also addresses the issues encountered in attempting to enforce cross-border avoidance judgments. The panelists additionally examine the scope by which bankruptcy courts may (and may not) adjudicate avoidance actions under chapter 15, as well as how avoidance actions are administered pursuant to the European Insolvency Regulation and Canadian insolvency legislation.