Case Name
In re Modern Land (China)
Case Summary
Under 1517(b)(2), the factors that determine “establishment” at the time of the filing of the petition for purposes of a nonmain proceeding include the economic impact of debtor's operations on the market, maintenance of a minimum level of organization for a period, and the objective expectations of creditors on debtor’s location, engagement of local counsel and commitment of capital to local banks. The lack of court appointed fiduciaries did not impact the finding of COMI in the case.
Filing Date
Bankruptcy Code
Circuit
Judge
Glenn
Location
Contributor(s)