FOLIO Ontology

Identification

IRI:
https://folio.openlegalstandard.org/RDbrzFzgheftqJ09xcT2ICs
Label Recognition of Foreign Restructuring Objectives
Preferred Label Chapter 15 Objectives
Identifier N/A
Alternative Labels
Foreign Insolvency Recognition International Bankruptcy Recognition

Definition

Recognition of foreign restructuring involves the acknowledgment and enforcement of a foreign insolvency proceeding by domestic courts. In the U.S., Chapter 15 of the Bankruptcy Code facilitates this process, allowing foreign debtors to access U.S. courts to protect their assets and restructure their debts under international cooperation principles.

Class Relationships

Is Defined By

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See Also

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Class Hierarchy Visualization

Interactive graph showing class relationships - click on any node to navigate to that class

Additional Information

Metadata

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Description

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Editorial Information

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Editorial Note

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Deprecated

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Source and Origin

No source or origin information available