Chapter 15 of the Bankruptcy Code provides a valuable tool for non-US entities going through foreign insolvency proceedings when they have assets located in the United States. Chapter 15 can protect the value of US assets by...more
3/29/2024
/ Bankruptcy Code ,
Canada ,
Chapter 15 ,
Commercial Bankruptcy ,
Debtors ,
Foreign Entities ,
Insolvency ,
Parent Corporation ,
PBGC ,
Pension Funds ,
Subsidiaries
In In re CII Parent, Inc., the Bankruptcy Court for the District of Delaware affirmed a secured lender’s prepetition exercise of its proxy rights and its subsequent removal and replacement of the directors/managers of the...more
5/12/2023
/ Attorney-in-Fact ,
Automatic Stay ,
Board of Directors ,
Collateral Agreements ,
Commercial Bankruptcy ,
Debt-Equity ,
Equity Investors ,
Lenders ,
Loan Agreements ,
Loan Guaranties ,
Proxy Voting ,
Secured Debt ,
Subsidiaries ,
Voting Rights