Fifth Circuit requires Chapter 15 debtor to litigate in Texas state court
By EsqSocial Corporation 03/02/23
It may be fair to say that non-US entities involved in a chapter 15 case, the mechanism through which US courts recognize foreign insolvency proceedings, do not anticipate having to litigate claims raised in the chapter 15 case outside of the bankruptcy court. This may be due in large part to 28 U.S.C. ยง 1334(c)(1), an abstention statute applicable in chapter 15 bankruptcy proceedings....
By: Eversheds Sutherland (US) LLP