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International Corporate Rescue

Journal Issues

  • Vol 1 (2004)
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  •         Issue 1
  •         Issue 2
  •         Issue 3
  •         Issue 4
  •         Issue 5
  •         Issue 6
  • Vol 18 (2021)
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  • Vol 22 (2025)

Vol 17 (2020) - Issue 5

Article preview

Recognition and Enforcement of Foreign Insolvency Orders in the US: Comity Still Works

Maja Zerjal Fink, Partner, Arnold & Porter, New York, USA

Synopsis
US courts have a long history of granting comity and enforcing orders of foreign courts. Since the enactment of chapter 15 – the incorporation of the Model Law into the US Bankruptcy Code – foreign representatives generally have sought chapter 15 relief to obtain recognition and enforcement of an order in a foreign insolvency proceeding in the US. The decision in EMA Garp, however, is a reminder that comity is alive and well, and that chapter 15 may not be required to enforce foreign orders in the US.

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International Corporate Rescue

"International Corporate Rescue is truly unique in its concept and an indispensable read."

Neil Cooper, Consultant at INSOL International

 

 

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