Foreign Bankruptcies Gaining Significant Recognition in the United States (PDF-113kb)
Foreign Bankruptcies Gaining Significant Recognition in the United States Authors: ; Nadine J. Youssef
On October 17, 2005, The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (the “Act”) took effect. Among other changes, the Act includes a comprehensive change to the provisions in the U.S. Bankruptcy Code (the “Code”) concerning international insolvencies. This Client Alert briefly outlines those changes.
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