OAS Chapter 15 decision sheds new light on cross-border insolvency practice, but may add complexity to financial institutions' global credit risk management

In an interesting decision with important implications for both Chapter 15 practice and financial institutions’ global credit risk analyses, a US Chapter 15 court (the “Court”) granted recognition of a number of Brazilian proceedings involving entities within the OAS Group.  See In re OAS S.A. et al., Case No. 15-10937 (SMB) (Bankr.

Filed under:
USA, Banking, Insolvency & Restructuring, Litigation, Dentons, Credit risk
Authors:
Giorgio Bovenzi
Location:
USA
Firm:
Dentons