The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

CHAPTER 15 Definition & Legal Meaning

Definition & Citations:

This law formulates the cooperation between US and foreign courts in international bankruptcies to protect assets and save companies. Part of both Title 11 in the US bankruptcy code and the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. It is based on the UN’s Model Law on CrossBorder Insolvency promulgated.

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