Ocean Rig: Charting a Course through Chapter 15 Provisional Relief, Recognition, and Appeals
Author: Evan C. Hollander.; Emmanuel B. Fua.
Source: Volume 34, Number 08, August 2018 , pp.89-96(8)
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Abstract:
The Ocean Rig chapter 15 proceedings produced precedent setting rulings regarding the scope of provisional relief available prior to a recognition hearing, the steps necessary to establish a debtor’s COMI prior to the commencement of a foreign proceeding, and the applicability of appellate standing and equitable mootness doctrines to appeals from recognition orders. The authors discuss these issues and provide useful insights for parties involved in cross-border restructurings.Keywords: Chapter 15 Bankruptcy; Cross-Border Insolvencies; Foreign Restructuring Regimes
Affiliations:
1: Orrick, Herrington & Sutcliffe LLP; 2: Orrick.