Chapter 15 News Today

If passed, AG will have powers to appoint some officers in his office, discharge them

Study shows that there has been a rise in expenditure on allowances

KHRC said interference is eroding confidence in the institution.

Agreements with creditors give developers some breathing room

NEW YORK (Reuters) -China Evergrande, which is the world's most heavily indebted property developer and became the poster child for China's property crisis, on Thursday filed for protection from creditors in a U.S. bankruptcy court. The company sought protection under Chapter 15 of the U.S. bankruptcy code, which shields non-U.S. companies that are undergoing restructurings from creditors that hope to sue them or tie up assets in the United States. A lawyer for Evergrande did not imm...

Evergrande defaulted on its debt repayments in 2021.

The commission is among those whose mandate is protected under Chapter 15 .

Insolvency & Restructuring counsel Rahman Connelly was recently accepted into Class XII of the International Insolvency Institute's (III) NextGen Leadership Program.

Chapter 15 of the Bankruptcy Code provides a mechanism for United States cooperation and coordination with insolvency proceedings abroad, often affording foreign debtors wide-ranging relief...

Last week, Garuda Indonesia asked a New York bankruptcy court to recognise its recent debt restructuring agreement in a Jakarta court, under Chapter 15 of the U.S. Bankruptcy Code