Florida court finds client retainer fulfils US property requirement
Credit: istock.com/dnaveh
A Florida court has granted Chapter 15 recognition of a Romanian Bank’s foreign insolvency proceedings, accepting a client retainer held with US counsel as sufficient presence in the state under the US Bankruptcy Code’s contentious section 109(a).
To read more
Subscribe to Global Restructuring Review
Subscribe & start reading now!
GRR is a daily information service providing cross-border insolvency and restructuring news, features and events.
Subscribe now