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Cross-Border Insolvencies

Since chapter 15 was added to the Bankruptcy Code in 2005 to address the recognition of foreign insolvency proceedings in the United States, Young Conaway has been involved in a number of such proceedings, representing companies, administrators, monitors, liquidators, and receivers in their capacity as court-appointed foreign representatives of insolvency proceedings in Canada, Mexico, England, Australia, Japan and the Cayman Islands.

In each instance, Young Conaway’s restructuring attorneys assisted with the requisite strategic planning related to seeking recognition and either obtained recognition of the foreign main proceeding or played an integral role with co-counsel in attaining that recognition, which requires in either case not only coordinating with the professionals handling the main proceeding, but also a strong grasp of the contours of the applicable insolvency law governing the main proceeding. This experience uniquely qualifies Young Conaway’s restructuring attorneys to provide effective representation to companies and foreign representatives that need to either analyze whether recognition is necessary or would be beneficial given the particular facts and circumstances a company faces or seek recognition of a foreign insolvency proceeding in the United States.

Representative Experience:

Australia 
In re A.B.C. Learning Centres Ltd., Bankr. D. Del., Case No. 10-11711 (KG) 

In re NewSat Limited, et al., Bankr. D. Del., Case No. 15-10810 (LSS)

Canada
In re Abitibi-Consolidated Inc., et al., Bankr. D. Del., Case No. 09-11348 (KJC) 

In re Angiotech Pharmaceuticals, Inc., et al., Bankr. D. Del., Case No. 11-10269 (KG) 

In re Arctic Glacier International Inc., et al., Bankr. D. Del., Case No. 12-10605 (KG) 

In re ARXX Corporation, et al., Bankr. D. Del., Case No. 13-13313 (KJC) 

In re Catalyst Paper Corporation, et al., Bankr. D. Del., Case No. 16-12419 (CSS) 

In re Cinram International Inc., et al., Bankr. D. Del., Case No. 12-11882 (KJC) 

In re Crystallex International Corporation, Bankr. D. Del., Case No. 11-14074 (LSS) 

In re EarthRenew IP Holdings LLC, et al., Bankr. D. Del., Case No. 10-13363(CSS) 

In re Grant Forest Prods., Case No. 10-11132 (PJW)

Cayman Islands
In re LDK Solar Co. Ltd. (In Provisional Liquidation), Bankr. D. Del. Case No. 14-12387 (LSS) 

In re Madison Niche Assets Fund, Ltd. (In Official Liquidation), et al., Bankr. D. Del. Case No. 16-10043 (KJC)

Japan
In re Takata Corporation, et al., Bankr. D. Del., Case No. 17-11713 (BLS)

England
In re Nortel Networks UK Limited, et al., Bankr. D. Del., Case No. 09-11972 (KG)

In re Metinvest B.V., Bankr. D. Del., Case Nos. 16-10105, 16-11424, and 17-10130 (LSS)

Mexico 
In re Altos Hornos de México, S.A.B. de C.V., Bankr. D. Del., Case No. 16-11890 (KG)