Recent Challenges Faced by Foreign Representatives Seeking Relief Under Chapter 15
The following session took place during Cross-Border Insolvency Program in June 2015. Foreign representatives have begun using chapter 15 more creatively in seeking a broad array of relief; consequently, parties in the U.S. have increasingly been raising a number of challenges. In 2014, foreign representatives were presented with a number of objections to chapter 15 relief, including objections questioning the proper location of the foreign debtor’s center of main interests and the fairness of proceedings before the foreign court.