Statute
Chapter 15
47 published works
Bankruptcy & Restructuring Law
New Delaware Chapter 15 Filing – FC Windenergy GmbH
Holger Blümle, the insolvency administrator and foreign representative of FC Windenergy GmbH, which owns and operates wind farms, has commenced a case (Case No. 16-10056 (MFW)) under Chapter 15 of…
Bankruptcy & Restructuring Law
New Delaware Chapter 15 Filing – Madison Niche Assets Fund, LTD.
The official liquidators of Madison Niche Assets Fund, Ltd. and Madison Niche Opportunities Fund, Ltd., two Cayman Islands entities, have filed chapter 15 petitions on behalf of those entities (Case…
Bankruptcy & Restructuring Law
New Delaware Chapter 15 Filing – Essar Steel Algoma Inc. USA
The foreign representative of Essar Steel Algoma Inc. USA, Cannelton Iron Ore Company, Essar Steel Algoma (Alberta) ULC, Essar Steel Algoma Inc. and Essar Tech Algoma Inc. has filed chapter…
Bankruptcy & Restructuring Law
New Delaware Chapter 15 Filing – Thane International, Inc.
Consumer product marketer Thane International, Inc. and six affiliates have filed a chapter 15 petition before the United States Bankruptcy Court for the District of Delaware (Lead Case # 15-12186). …
Bankruptcy & Restructuring Law
New Delaware Filing – Energy Coal S.p.A.
By Norman L. Pernick, Nicholas J. Brannick
Genova, Italy-based Energy Coal S.p.A., a subsidiary of Ice Holding Srl, has filed a chapter 15 petition in the United States Bankruptcy Court for the District of Delaware. Energy Coal…
In Solvency
Chapter 15 Sale of U.S. Assets of Foreign Debtor Must be Reviewed by U.S. Bankruptcy Court
In the decision of In re Fairfield Sentry Ltd., 2014 WL 4783370, *4-5 (2d Cir. Sept. 26, 2014), the U.S. Court of Appeals for the Second Circuit ruled that a U.S.…
Virtual Currency Report
Mt. Gox’s Chapter 15 Case Is Officially Underway
By John D. Penn, Gary F. Eisenberg
As expected (and predicted), the bankruptcy judge in Dallas, Texas granted Mt. Gox’s request for an order of “recognition” that the debtor’s Tokyo insolvency action was a “foreign main proceeding.”…
Virtual Currency Report
Expect Mt. Gox Bankruptcy to Receive Recognition in U.S.
By John D. Penn, Gary F. Eisenberg
On June 18, 2014, the U.S. Bankruptcy Court in Dallas will consider whether to grant recognition to the insolvency case pending in Tokyo. Based on the pleadings filed last week,…
Virtual Currency Report
Proposal Made for Restarting the Mt. Gox Exchange
By John D. Penn, Gary F. Eisenberg
On April 28, in the wake of Mt. Gox’s Japanese rehabilitation proceeding having been converted to a liquidation proceeding, a proposal for selling and restarting the Mt. Gox exchange was…
Texas Bankruptcy Blog
Bitcoin Bankruptcy Spills over into the U.S.
By Bryan Fears
The largest bitcoin exchange Mt. Gox lost $473 million in the online currency. This resulted in them filing for bankruptcy protection in Japan (Mt. Gox Co Ltd, U.S. Bankruptcy Court,…