In a case of first impression, a U.S. bankruptcy court charged with enforcing the rights of a foreign insolvency administrator against assets in the United States has held that foreign insolvency law may not be invoked to cancel the rights of licensees of U.S. patents.
USA, Insolvency & Restructuring, Litigation, Patents, Ropes & Gray LLP, Royalty payment, Bankruptcy, Debtor, Substantive law, Title 11 of the US Code, United States bankruptcy court