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When a multinational parent company decides to restructure its underperforming US subsidiary in 2026, it cannot simply apply its home-country insolvency playbook. The United States has a distinct corporate law...
Chapter 11 Bankruptcy for Foreign Corporations with US Assets For global enterprises facing severe financial distress, the United States offers one of the most powerful corporate restructuring tools in the...
Ancillary framework : Chapter 15 of the U.S. Bankruptcy Code allows foreign representatives to extend overseas insolvency orders into the United States to protect local assets. Venue advantage : The...
Chapter 15 allows foreign representatives and foreign creditors to access US bankruptcy courts to halt asset transfers, conduct discovery, and coordinate cross-border insolvencies. The automatic stay under Section 362 does...