Tradex: Requirements and Limitations of Chapter 15's Nonmain Recognition

A series of high-profile decisions issued within the past year addressed Chapter 15's strict recognition procedures and denied recognition to proceedings involving hedge funds registered in the Cayman Islands.

24 minute read August 25, 2008 at 09:44 AM

Michael J. Sage And Joshua Weisser

Tradex: Requirements and Limitations of Chapter 15's Nonmain Recognition

Entities that commence foreign insolvency proceedings often seek recognition of those proceedings in United States bankruptcy courts under Chapter 15 in order to administer assets located in the United States and stay United States creditors.

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