International Insolvency

July

2025

Article Tags

Corporate Governance

Court Administration

Creditors' Committee

Business Reorganization

International Insolvency

Can a U.S. Court Sell a Foreign Debtor’s U.S. Assets ‘Free and Clear’?

Delaware’s Judge Laurie Selber Silverstein tackled several novel questions about a U.S. court’s authority in chapter 15 to approve novel, foreign transactions and sell the foreign debtor’s property in the U.S.

Court :

3rd Circuit

Delaware

New York Judge Rejects a ‘Lockup’ Long Before a Plan Is Negotiated

New York’s Judge Martin Glenn disapproved a lockup agreement masquerading as a plan-support agreement that required the creditor to vote for any plan the debtor might propose.

Court :

2nd Circuit

New York

New York Southern District

In re Black Press Ltd.: A Black Eye for Corporate Enterprise Group Recognition

June 2024

Bankruptcy Code

1517

Topic Tags

International Insolvency

An Interview with Circuit Judge Thomas Ambro: How Article III Judges See Bankruptcy Law, Bankruptcy Judges and the Bankruptcy Code

Bankruptcy Code

Topics

Executory Contracts/Leases

Professional Compensation/Fees

Venue/Jurisdiction

Consumer Bankruptcy

Discharge/Dischargeability

Business Reorganization

Govt. Claims/Sovereign Immunity

International Insolvency

Mass Torts

Small Business

Cross-Border Recovery in Fraudulent Schemes

Bankruptcy Code

Topics

International Insolvency

Exporting Corporate Bankruptcies

Bankruptcy Code

Topics

International Insolvency

Eleventh Circuit Invited to Sit En Banc on Eligibility for Chapter 15 Recognition

For the time being, the Eleventh Circuit has split with the Second Circuit on whether a chapter 15 debtor must have property in the U.S. to gain foreign recognition.

Court :

11th Circuit

July

2025

Article Tags

Corporate Governance

Airlines

Business Reorganization

International Insolvency