Excerpt from Practical Guidance

Bankruptcy Ruling Highlights Growing Use Of Chapter 15

By Corinne Ball, Dan Moss and Michael Schneidereit (July 27, 2021, 3:38 PM EDT) -- This article discusses the recent decision in In re: Norske Skogindustrier ASA,[1] where the U.S. Bankruptcy Court for the Southern District of New York held that a foreign representative in a case under Chapter 15 of the Bankruptcy Code can rely on the Bankruptcy Code's statute of limitations tolling provision to extend the deadline under foreign bankruptcy law to commence avoidance litigation....

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