Chapter 15 Recognition Extends to Canadian Reverse Vesting Transaction and Releases

As the costs of U.S. bankruptcy cases have increased, and relief such as obtaining nonconsensual third-party releases has been limited by court rulings, restructuring specialists have begun to look to foreign restructurings’ use of Chapter 15 as an ancillary proceeding to implement certain corporate restructurings.

8 minute read July 01, 2026 at 12:07 AM

Andrew C. Kassner and Joseph N. Argentina Jr.

Most practitioners are familiar, to varying degrees, with Chapters 7, 11, and 13 of the Bankruptcy Code.

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Chapter 15 Recognition Extends to Canadian Reverse Vesting Transaction and Releases

This premium content is locked for The Bankruptcy Strategist subscribers only

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Real Property Law

Entrepreneurship Is Already Hard: Rising Above Extraordinary Personal Crises to Build an Award-Winning Professional Reputation

Applying the Zero Trust Model to Manage Risks of Agentic AI

California’s AI Transparency Stack: From State Obligation to Adoption Strategy