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Global Principles for Cooperation in International Insolvency Cases Case Citations [1] (Spring 2025)

handle is hein.ali/alitpy0040 and id is 1 raw text is: THE AMER ICAN LAW INSTITUTE Spring 2025 Citations PRINCIPLES OF TRANSNATIONAL INSOLVENCY (GLOBAL PRINCIPLES FOR COOPERATION IN INTERNATIONAL INSOLVENCY CASES) SECTION I. INTRODUCTION AND OVERVIEW Introduction C.A.3, 2024. Intro. ftn. 2 quot. in ftn. Lender sued Singaporean borrower, seeking damages on two defaulted loans. The district court granted borrower's motion to dismiss on international comity grounds in deference to borrower's pending bankruptcy proceedings in Singapore. This court clarified the standard for courts to use in deciding whether to abstain from adjudicating a domestic case in deference to a foreign bankruptcy proceeding and vacated and remanded for the district court to apply that standard. The court cited Principles of Transnational Insolvency: Global Principles for Cooperation in International Insolvency Cases § 1 in noting that foreign bankruptcy cases were particularly deserving of adjudicatory comity, and that it used the term bankruptcy to encompass the full array of insolvency proceedings, including, but not limited to, reorganization and liquidation where either business or consumers were involved. Vertiv, Inc. v. Wayne Burt PTE, Ltd., 92 F.4th 169, 177. SECTION II. GLOBAL PRINCIPLES FOR COOPERATION IN INTERNATIONAL INSOLVENCY CASES Introduction C.A.3, 2024. Intro. quot. in sup. Lender sued Singaporean borrower, seeking damages on two defaulted loans. The district court granted borrower's motion to dismiss on international comity grounds in deference to borrower's pending bankruptcy proceedings in Singapore. This court clarified the standard COPYRIGHT 02025 By THE AMERICAN LAW INSTITUTE All rights reserved Printed in the United States of America For earlier citations, see the Appendices, Supplements, or Pocket Parts, if any, that correspond to the subject matter under examination.