Although the automatic stay contained in section 362 of the Bankruptcy Code theoretically extends worldwide, enforcing it against international creditors, particularly sovereigns, can present practical problems in its...more
11/10/2021
/ Asset Seizure ,
Automatic Stay ,
Bankruptcy Code ,
Bankruptcy Court ,
Chapter 11 ,
Commercial Bankruptcy ,
Creditors ,
Cross-Border ,
Debt Collection ,
Debtors ,
Foreign Bankruptcies ,
Foreign Sovereign Immunities Act of 1976 (FSIA) ,
Sovereign Immunity ,
UNCITRAL
In Feltman v. Noor Staffing Grp., LLC (In re Corp. Res. Servs. Inc.), 564 B.R. 196 (Bankr. S.D.N.Y. 2017), the bankruptcy court considered whether section 553 of the Bankruptcy Code creates a right of setoff when no such...more