Perspective
Nov. 10, 2015
Expectations matter in bankruptcy dismissals
A Delaware bankruptcy court recently dismissed several Chapter 11 bankruptcy cases associated with a project in the Bahamas, effectively ending a multinational venue fight. By M. Douglas Flahaut
In September, a Delaware bankruptcy court dismissed 14 of 15 related Chapter 11 bankruptcy cases associated with a project in the Bahamas, effectively ending a multinational venue fight. While the court stopped short of finding that the debtor entities were ineligible for U.S. bankruptcy court protection or had filed the bankruptcy cases in bad faith, it agreed with the principal creditors that Bahamian courts were the best p...
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