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
Lacking a common scheme or plan, two adjacent commercial condominium units owned by the same debtor and subject to the same mortgage and deed, but having different tenants, commercial uses, plans for commercial development...more
A recent Chuck E. Cheese decision denies the debtor’s/tenant’s request to defer paying rent after the 60-day “rent holiday.”
The Bankruptcy Court applied the “plain language” rule to hold that section 365(d)(3)’s rent...more