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New Database Provides Comprehensive Information on Cross-Border Bankruptcy Proceedings

Contact: John Hartgen
             703-894-5935
             jhartgen@abiworld.org

NEW DATABASE PROVIDES COMPREHENSIVE INFORMATION ON CROSS-BORDER BANKRUPTCY PROCEEDINGS


 
June 30, 2011, Alexandria, Va. — The American Bankruptcy Institute and INSOL International are pleased to announce the launch of the chapter 15 database found at http://globalinsolvency.com/chapter15. The new website contains more than 60 recent chapter 15 cases with the full text of judicial opinions and summaries of the main issues presented, organized by U.S. judicial circuit.  Also included are daily news headlines about the latest developments in chapter 15 cases, commentary and analysis about trends in the law, as well as the full text of the chapter 15 statute and its complete legislative history. 
 
Chapter 15 was established by the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 to allow a representative of a corporate bankruptcy (insolvency) proceeding outside the U.S. to obtain access to the United States courts. The statute allows cooperation between the United States courts and the foreign courts, as well as other authorities of foreign countries involved in cross-border insolvency cases.
 
The site is a unique and valuable resource for cross-border practitioners who need to quickly find chapter 15 material including the Bankruptcy Court, District Court and Court of Appeals levels.  Case materials will be updated regularly by a team of restructuring professionals at Paul, Weiss, Rifkind, Wharton & Garrison led by Claudia Tobler. Visit the site today at www.Globalinsolvency.com/chapter15


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ABI is the largest multi-disciplinary, nonpartisan organization dedicated to research and education on matters related to insolvency. ABI was founded in 1982 to provide Congress and the public with unbiased analysis of bankruptcy issues. The ABI membership includes more than 13,000 attorneys, accountants, bankers, judges, professors, lenders, turnaround specialists and other bankruptcy professionals, providing a forum for the exchange of ideas and information. For additional information on ABI, visit http://www.abiworld.org. For additional conference information, visit http://www.abiworld.org/conferences.html.