Rochelle's Daily Wire

ABI Exclusive

Federal Common Law Doesn’t Define a Business Trust Eligible for Chapter 11

Recent Supreme Court authority supports the conclusion by Delaware’s Judge Sontchi that law from the jurisdiction of incorporation, not federal common law, determines what is or isn’t a business trust eligible for chapter 11.

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Opinion Link

Case Details

Case Citation

In re EHT US1 Inc., 21-10036 (Bankr. D. Del. June 1, 2021)

Case Name

In re EHT US1 Inc.

Case Type

Business