U.S. Bankruptcy Court does not enforce an asset freeze order from a Brazilian insolvency proceeding recognized under chapter 15 of the Bankruptcy Code.
Recognition of a foreign proceeding under chapter 15 of the Bankruptcy...more
10/3/2024
/ Asset Freeze ,
Bankruptcy Code ,
Bankruptcy Court ,
Brazil ,
Chapter 15 ,
Comity ,
Commercial Bankruptcy ,
Damages ,
Debtors ,
Federal Rules of Civil Procedure ,
Foreign Investment ,
Insolvency ,
Piercing the Corporate Veil ,
SCOTUS
Nonconsensual nondebtor releases have been a key reason businesses facing mass tort claims have filed for bankruptcy. They hope chapter 11 will result in a faster, less expensive resolution of mass tort claims than class...more
8/30/2023
/ Bankruptcy Code ,
Bankruptcy Court ,
Chapter 11 ,
Corporate Restructuring ,
Injunctions ,
Insolvency ,
Non-Consensual Rights ,
Non-Debtors ,
Purdue Pharma ,
SCOTUS ,
Trustees