Second Circuit Affirms Refusal to Approve Foreign Debtor's Asse...

05/31/17


Second Circuit Affirms Refusal to Approve Foreign Debtor's Asset Sale
Lexology (registration)
[A]ny sale of [a foreign] debtor['s] property [in the U.S.] outside of the ordinary course of business can be approved by the bankruptcy court only after notice, hearing, and a finding of good business reasons to permit the sale,” held the U.S. Court ...

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