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

US court refuses to “rubber-stamp” ex-Heinz CEO’s Chapter 15

By Declan Bush

27 March 2019

A Pennsylvania bankruptcy judge has refused to recognise the Bahamian bankruptcy of an Irish tycoon, finding his centre of main interests was not in the Bahamas at the time of his Chapter 15 filing.

US court refuses to “rubber-stamp” ex-Heinz CEO’s Chapter 15 Pittsburgh, Pennsylvania. (Credit: iStock.com/tupungato)