US Bankruptcy Code Chapter 15, which incorporates the United Nations Model Cross-Border Insolvency Law, became effective October 2005. Designed to assist non-US proceedings in need of enforcement within the United States, interpretation of Chapter 15 is ever-emerging as it is applied to newly presented issues. The current article, presented at the AMERICAN BANKRUPTCY INSTITUTE (www.abiworld.org) 2011 Caribbean Insolvency Seminar, briefly addresses two issues: US creditor rights and multinational enterprise groups. A more expansive assessment of the application of Chapter 15 can be found in the Globe Law & Business (www.gbplawbooks.com) book "CROSS-BORDER INSOLVENCY: A COMMENTARY ON THE UNCITRAL MODEL LAW", soon to be published in its Third Edition.
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