Cross-Border Municipal Bankruptcy Cases?Wait. What? Rewind.

Henry C. Kevane

In this article for the American Bar Association newsletter Business Law Today, Henry Kevane discusses section 1505 of the Bankruptcy Code, which authorizes a domestic “trustee” to act in any foreign country on behalf of a bankruptcy estate. Curiously, among the various parties specially defined as a “trustee” for this unique purpose is a municipal debtor under chapter 9 of the Bankruptcy Code, even though there is “no such creature as a cross-border municipal bankruptcy case.”

To read the article, click on the link below.

Reprinted with permission of the American Bar Association. All rights reserved.