Rebecca Hume, Jeremy Hollembeak, and Anna Gilbert Explore How International Litigants Can Use Chapter 15 to Optimize Financial Recoveries in Foreign Insolvency Proceedings
August 5, 2016
Publication: The Bankruptcy Strategist
In an article in the August issue of The Bankruptcy Strategist, Rebecca Hume, Jeremy Hollembeak, and Anna Gilbert discuss the novel and evolving role that Chapter 15 of the U.S. Bankruptcy Code can play in cross-border bankruptcy proceedings. Drawing on their experience in cross-border insolvency and debtor-creditor disputes, the lawyers discuss how expansive U.S. discovery powers and procedural rules afforded by Chapter 15 can prove advantageous to those pursuing assets or information about fraudulent actors. As a result, “for the sophisticated insolvency professional outside the U.S., expanding one’s playbook to include Chapter 15 is a must.”
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