Appeals court finds Chapter 15 does not pre-empt state laws on comity
The Cayman Islands (Credit: iStock.com/mikolajn)
A US appeals court has estopped a former investor in an Indian real estate company from relitigating breach of fiduciary duty claims already dismissed in a Cayman winding-up order, ruling that it was not necessary for the order to receive Chapter 15 recognition for the US courts to grant it comity.
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