Category Archives: International Insolvency

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Insolvency-Related Implications for the Oil & Gas Industry in the U.S.

Despite the tremendous growth and development of oil and gas resources in recent years, the industry is expected to be a boon for bankruptcy lawyers. This article explores how the current low price environment hurts developers and their lenders, whose past investment premises included a sustained high price environment and provides some insight into what … Continue Reading

Hong Kong Judgments to be Enforced by Mainland China Courts: Is the Divide Between Two Systems Within One Country Shrinking?

At present, investing in Mainland China is a double-edged sword, primarily because the potentially substantial economic opportunities can be offset by the practical obstacles resulting from rule of law issues when deals go bad. However, a recent agreement between the courts of Hong Kong and Mainland China to reciprocally enforce one another’s judgments could provide … Continue Reading

The Bankruptcy Act Adds New Chapter 15 to Govern Cross-Border Insolvency Cases

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 adds to the U.S. Bankruptcy Code a new Chapter 15 to govern cross-border cases. Chapter 15 represents a significant departure from former Section 304 of the U.S. Bankruptcy Code, which is to be replaced in its entirety. A few of Chapter 15’s key provisions are … Continue Reading