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Chapter 15 of the U.S. Bankruptcy Code, 11 U.S.C. 1501 et seq., provides the legal framework by which U.S. bankruptcy courts recognize foreign insolvency proceedings

Chapter 15 of the U.S. Bankruptcy Code, 11 U.S.C. 1501 et seq., provides the legal framework by which U.S. bankruptcy courts recognize foreign insolvency proceedings of companies that have assets and operations in more than one country. What are the pro and cons of the Chapter 15 of the U.S. Bankruptcy Code, 11 U.S.C. 1501 et seq?

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