Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

M&G Luxembourg entities seek exit from Chapter 11 to dodge jurisdictional conflict

By Jessica McKay

07 June 2018

M&G Luxembourg entities seek exit from Chapter 11 to dodge jurisdictional conflict

iStock.com/RapidEye

Luxembourg-based subsidiaries of plastics producer M&G USA have asked to be dismissed from the company’s Chapter 11 case as they fear creditors could bring proceedings in their homeland, sparking jurisdictional issues.