In a March 19, 2019 summary order, the U.S. Court of Appeals for the Second Circuit affirmed the district court’s dismissal of a purported shareholder’s appeal challenging the chapter 15 recognition of a Cayman Islands...more
4/2/2019
/ Appeals ,
Bankruptcy Code ,
Cayman Islands ,
Chapter 15 ,
COMI ,
Commercial Bankruptcy ,
Debt Restructuring ,
Debtors ,
Dismissals ,
Jurisdiction ,
Liquidation ,
Reaffirmation ,
Shareholder Litigation ,
Standing
There is an English common law rule that a debt governed by English law cannot be discharged or compromised by a foreign insolvency proceeding. This rule is derived from a Court of Appeal case: Antony Gibbs and sons v La...more