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Cross-Border Bankruptcy Update: Bad Faith Not A Basis For Denying Chapter 15 Recognition - Insolvency/Bankruptcy/Re-structuring - Vimarsana News

Cross-Border Bankruptcy Update: Bad Faith Not A Basis For Denying Chapter 15 Recognition - Insolvency/Bankruptcy/Re-structuring

Despite the absence of any explicit directive in the Bankruptcy Code, it is well understood that a bankruptcy court can dismiss a chapter 11 case if it not filed in good faith.

Source: mondaq.com