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

First recognition granted for Chinese company’s contested Chapter 15

By Benjamin Clarke

11 October 2019

First recognition granted for Chinese company’s contested Chapter 15 iStock.com/cbarnesphotography

In the first ruling of its kind, a New York bankruptcy court has recognised a Chinese insolvency proceeding in the face of creditor objections.