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Patterson Belknap Webb & Tyler LLP

Chapter 15: Court Permits Foreign Debtors to Access and Receive Funds in U.S. Account

Patterson Belknap Webb & Tyler LLP on

A court in New York has allowed offshore debtors to take control of an investment account in the U.S. over the objection of a shareholder. At stake was the court’s discretion to permit chapter 15 debtors to access the funds...more

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