SVB Cayman Branch Denied Chapter 15 Recognition

According to a February 22 ruling by the Bankruptcy Court for the Southern District of New York, foreign banks with a U.S. branch or agency are ineligible for Chapter 15 recognition.

Filed under:
USA, Banking, Insolvency & Restructuring, Litigation, Akerman LLP, Federal Deposit Insurance Corporation (USA), Silicon Valley Bank
Authors:
R. Adam Swick , Laura Taveras
Location:
USA
Firm:
Akerman LLP