Table of contents

• Jurisdiction: United States

Table of contents

Chapter One

Introduction..................................................................................................1

Chapter Two

The Foreign representative and the Start of a Chapter 15 Case.........................................................................................7

I. Predicates for Eligibility.......................................................................................................8

A. Who Qualifies to Be a "Foreign Representative"?....................................................11

1. Initial Interpretation of the Term "Foreign Representative" Under U.S. Bankruptcy Law...........................................................................................11

2. Determination of the Term "Foreign Representative" Under Chapter 15.....................12

3. Special Questions Regarding the Term "Foreign Representative" Under Chapter 15............................................................................................................13

4. May a Supervisory or Collective Group Serve as a Foreign Representative?................13

5. Selecting a Foreign Representative from Several Potential Candidates........................15

B. May the Debtor Be a "Debtor" in a Case Under the Bankruptcy Code?..............19

C. Does the Foreign Insolvency Proceeding Fit the Bankruptcy Code's Definition of "Foreign Proceeding"?.........................................................................24

D. Is the Foreign Proceeding Main, Non-Main, or Neither?......................................29

1. Recognition of a Foreign Main Proceeding....................................................................29

2. Recognition of a Foreign Non-Main Proceeding............................................................36

II. Evidentiary Requirements for Filing a Petition for Recognition................................39

Chapter Three

Relief Available in the Pre-Recognition "Gap" period.......................................................................................................41

I. The Not-so-Automatic stay..............................................................................................43

A. The Pro-Fit Approach..................................................................................................44

B. The Worldwide Education services Approach..........................................................46

C. Conclusion...