Chapter 15: An Update
Mainbrace
Chapter 15 of the Bankruptcy Code, the U.S. enacted equivalent of the UNCITRAL Model Law On Cross-Border Insolvencies, has received a fair amount of use by distressed shipping companies since it was enacted in 2005. In 2007, we wrote in these pages that Chapter 15 might provide a welcome U.S. safe harbor. (View PDF to read the rest of this article)
This article by Jeremy J.O. Harwood, partner at Blank Rome, is one in a series of articles written for Blank Rome Maritime's quarterly Mainbrace newsletter. To view the other articles in the January 2013 edition of Mainbrace, please click here.