International Insolvency

This panel will take an in-depth look at chapter 15, focusing on the Judicial Insolvency Network's cross-border guidelines, as well as guidelines for communication and cooperation between courts in cross-border insolvency matters, and modalities of court-to-court communication.

This session will highlight particularly interesting case law developments to date in 2019 and their impact on bankruptcy law and practice.

The panelists will tackle the domestic reach of a foreign stay (Sanjel); non-U.S. companies filing for chapter 11 and the consequences thereof (Ocean Fisheries); recognition of foreign judgments more generally; and recent cases filed in Canada (Concordia and the CBCA).

Various factors have combined to result in low crude oil prices that are not expected to rebound significantly and not to a point where OPEC countries will be able to cover their operating deficits. This panel will explore the issues facing the OPEC countries and discuss how these issues will impact the global economy and insolvency practice in the coming years.