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Cross-Border Insolvency Proceedings–Update  

Author:  Barbra R. Parlin.

Source: Volume 37, Number 10, October 2021 , pp.133-137(5)

Review of Banking & Financial Services

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Recent cases decided by the Bankruptcy Courts in the Northern District of Illinois and the Southern District of New York have provided additional support for enforcement of a foreign plan by a foreign debtor in a chapter 15 case, but also the limits of such relief. In this article, the author discusses these cases in detail and the lessons to be derived from them.

Keywords: In re Condor Flugdienst GmbH; In re PT Bakrie Telecom Tbk; Servicos de Petroleo Constellation S.A.

Affiliations:  1: Holland & Knight LLP.

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