Recent Developments in Cross-Border Restructuring Under Chapter 15 of the Bankruptcy Code

Benjamin Mintz and Justin Imperato of Arnold & Porter examine recent Chapter 15 decisions with direct relevance for Canadian restructurings, including a Delaware court’s recognition of Cannabist’s CCAA proceedings despite its US cannabis operations, underscoring Chapter 15’s importance in giving Canadian insolvency orders cross-border effect while highlighting ongoing limits around COMI, establishment and US asset requirements.

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