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Cross-Border and International Insolvencies

Insolvencies in other jurisdictions can have implications for United States parent and subsidiary corporations and United States assets, and Thompson & Knight’s attorneys are knowledgeable regarding international bankruptcy procedures.

Overview

Insolvencies in other jurisdictions can have implications for United States parent and subsidiary corporations and United States assets, and Thompson & Knight’s attorneys are knowledgeable regarding international bankruptcy procedures.

Our attorneys are experienced in dealing with insolvency regimes of other jurisdictions, as well as ancillary proceedings brought in the United States and other countries. We understand and have represented clients in the purchase and sale of assets in non-U.S. jurisdictions under the auspices of a U.S. bankruptcy court, and have dealt in tax and extra-territorial jurisdictional issues. We are also experienced in representing trustees and other estate representatives.

Experience

  • Represented numerous parties involved in insolvency proceedings in the U.S., Brazil, and Mexico
  • Represented a Brazilian purchaser of assets from an insolvent company in South America; seller was indirectly owned by Enron
  • Represented a Chilean corporation in the acquisition of assets from an insolvent Colombian company
  • Represented the U.S. subsidiary of an international engineering firm based in Norway faced with an adverse judgment rendering the subsidiary insolvent; our attorneys settled the matter without filing bankruptcy
  • Represented a debtor in an insolvency proceeding in Mexico and in a related Section 304 filing in the U.S.