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International Best Practices Forum: Demystifying Chapter 15 of the Bankruptcy Code

Presented by: Bruce Nathan, Philip Gross


October 17, 2017
11:00 AM to 12:00 PM PST

Price: $20.00 Member/ $30.00 Non Member



Financially distressed foreign companies are taking advantage of a less well known Chapter of the Bankruptcy Code – Chapter 15, as part of their restructuring efforts. This program is designed to demystify Bankruptcy Code Chapter 15's complexities, discussing how Chapter 15 works, what Chapter 15 filings are being used to accomplish, and practical advice for trade creditors when a foreign debtor files a Chapter 15 case. This program includes issues that arose in and lessons learned from the recent Hanjin Shipping Chapter 15 case and other recent Chapter 15 cases involving issues of interest to trade creditors.  There will also be a discussion of multinational debtors that file foreign insolvency proceedings abroad, how these proceedings interact with related Chapter 11 and 15 cases filed in the United States, and how trade creditors should be responding to these cases. 

Presenter Bio:

Bruce S. Nathan, Partner at Lowenstein Sandler LLP's Bankruptcy, Financial Reorganization & Creditors' Rights Department, has more than 30 years' experience in the bankruptcy and insolvency field, and is a recognized national expert on trade creditor rights and the representation of trade creditors in bankruptcy and other legal matters.  Bruce has represented trade and other unsecured creditors, unsecured creditors' committees, secured creditors, and other interested parties in many of the larger Chapter 11 cases that have been filed, and is currently representing the liquidating trust and previously represented the creditors' committee in the Borders Group Inc. Chapter 11 case.  Bruce also handles letters of credit, guarantees, credit insurance and security, consignment, accounts receivable put, bailment, tolling, and other agreements and legal credit issues for the credit departments of institutional clients.

Philip Gross

Philip Gross's practice focuses on counseling secured and unsecured creditors, debtors, and committees in commercial bankruptcy proceedings, as well as on providing banks, funds, and other clients with structuring and out-of-court advice. He guides clients through all phases of bankruptcy matters to ensure their success, from pre-bankruptcy negotiations and first-day hearings through plan confirmation and beyond. Philip has extensive experience in national contested bankruptcy hearings and trials, Chapter 15 recognition and Chapter 9 municipality proceedings, and bankruptcy appeals at the federal district and circuit court levels.


Prior to joining Lowenstein Sandler, Philip was an associate at Kaye Scholer LLP in New York City. He served as the 2006 Milton Pollack Fellow in the Southern District of New York (SDNY), where he worked with the Honorable Loretta A. Preska, Chief Judge of the United States District Court for the SDNY, and former Attorney General/SDNY Chief Judge Michael B. Mukasey to draft a report for district court judges on issues and challenges that arise in highsecurity and terrorism trials, entitled “Guide to High Security & Terrorism Cases” (2006). The guide has been extensively cited in publications issued by the Federal Judicial Center, including Robert Timothy Reagan’s “National Security Case Studies: Special Case-Management Challenges” (Federal Judicial Center, June 25, 2013).

For More Information Contact:
Ann Westpy (702) 9032643-0
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