Federal judge: lessons from US bankruptcy

Author: Gemma Varriale | Published: 18 Jun 2014

A US bankruptcy judge has shared his insights on the recent evolution of the country’s highly-regarded business reorganisation regime.

At this mornings session of the St Petersburg International Legal Forum, titled 'Cross-border Reorganizations and Liquidations: Legal Aspects’, judge Sidney Brooks assessed the application of Chapter 11 of the US Bankruptcy Code which allows businesses to reorganise while under the protection of the...