International Committee

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Post date: Friday, December 16, 2016

Although 2016 has lacked the massive, transnational bankruptcies that the Great Recession gave us, it has provided its own poignant reminders of how interconnected countries and economies can be. The outcome of the Brexit vote caused waves as companies tried to figure out how, or if, they could invest in the EU and the U.K. in the future. The outcome of the U.S.

Post date: Tuesday, August 16, 2016

[1]Under chapter 15 of the Bankruptcy Code, recognition of a foreign proceeding is required to obtain a stay of proceeding against the property of the foreign debtor located in the United States, to entrust such property to the representative of the foreign debtor, and to receive other important protections and rights.

Post date: Tuesday, August 16, 2016

n what is often viewed a rudimentary inquiry, recognition of foreign insolvency proceedings under chapter 15 can be a closely scrutinized affair. In In re Creative Finance Ltd. (In Liquidation), 543 B.R. 498 (Bankr. S.D.N.Y. 2016), Judge Robert E. Gerber of the United States Bankruptcy Court for the Southern District of New York dismissed a chapter 15 case after concluding that the debtors’ “Center of Main Interests” (“COMI”) did not change to the British Virgin Islands (“BVI”) — the debtors’ letterbox jurisdiction and where the initial liquidation was filed.

Post date: Thursday, July 07, 2016
Photo of Michael J. Hanlon
Michael J. Hanlon

This article outlines the legislative framework behind and briefly describes the process of a bankruptcy proceeding,[1] the Canadian equivalent of a chapter 7 filing in the U.S.

Post date: Thursday, March 10, 2016
Photo of Salene Mazur Kraemer, MBA, CTA
Salene Mazur Kraemer, MBA, CTA

On Nov. 13, 2015, in the U.S. Bankruptcy Court for the Southern District of New York, Judge Glenn issued a memorandum opinion in In re Vivaro Corp., et al.[1] with the following rulings: (1) a claim objection against a foreign entity may be served by U.S.

Post date: Tuesday, December 15, 2015

As the U.S. economy continues to limp along, six years after the official end of the Great Recession, it has become painfully clear that the world economy is highly interdependent. The ability of any one country to improve its own lot is limited by the conditions in other countries and the actions (or lack of actions) being taken in those countries.

Post date: Thursday, November 05, 2015
Photo of Mark G. Douglas
Mark G. Douglas

Europe has struggled during the last several years to triage a long series of critical blows to the economies of the 28 countries that comprise the European Union, as well as the collective viability of the 19 eurozone economies. Here we provide a snapshot of some recent changes implemented

Post date: Friday, October 09, 2015

Greetings! Welcome to the October newsletter for the International Committee. We trust you will find it informative and useful.

Post date: Friday, October 09, 2015

The oil boom is over. This is not an earth-shattering statement, given that we are now nearly a year into the precipitous price collapse of oil, which began in November 2014, with the price for a barrel of WTI crude oil falling from the $100 region to the $40-$50 range recently.

Post date: Friday, October 09, 2015

A recent foreign recognition of a bankruptcy proceeding case out of Nova Scotia, Canada, has brought to light the situation where a Canadian company moves to the U.S., seeks protection under chapter 11 of the U.S. Bankruptcy Code, and then seeks to impose that stay on creditors from its former home. Not surprisingly, it didn’t get very far with the Canadian court.

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Mr. Adam D. Crane
Co-Chair
Baker & Partners
George Town, null
(345) 745-3651

Ms. Evelyn J. Meltzer, Esq.
Co-Chair
Troutman Pepper
Wilmington, DE
(302) 777-6532

Mr. Adam Swick
Communications Manager
Akerman LLP
Austin, TX
(737) 999-7103

Ms. Jennifer Jenkins
Education Director
Mourant
British Virgin Islands,
(284) 852-1709

Mr. Simon Eickmann
Newsletter Editor
PLUTA Management GmbH
Munich, other
4989244133370

Mr. Evan J. Zucker
Newsletter Editor
Blank Rome LLP
New York, NY
(212) 885-5207

Mr. Kenneth Kraft
Special Projects Leader
Dentons Canada LLP
Toronto, ON
(416) 863-4374

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