Summary:
A 2011 US District Court decision involving BVI-based Fairfield Sentry, Limited (‘Sentry’) provides additional texture to the growing body of US decisional law addressing what it takes to achieve ancillary recognition of a ‘main case’ under Chapter 15 of the US Bankruptcy Code. In re Fairfield Sentry, Ltd. also provides some guidance for liquidators and other administrators considering their prospects for such recognition in the US.
This 2011 article is accessible here. Republished with kind permission of Chase Cambria Company (Publishing) Ltd.