Troutman Pepper Locke is pleased to introduce Restructuring Without Borders, a practical insight series from our Bankruptcy + Restructuring attorneys focused on Chapter 15 of the U.S. Bankruptcy Code and the evolving strategies, risks, and procedural considerations that shape cross-border restructurings. Featuring perspectives from both our U.S. and UK offices, the series examines how recognition strategies, forum selection, and creditor dynamics influence outcomes across jurisdictions.

Drawing on recent cases and market developments, our contributors explore key cross-border restructuring concepts, including foreign main and non-main proceedings, the stay upon recognition, COMI determinations, creditor rights, comity, the UNCITRAL Model Law on Cross-Border Insolvency, and the recognition of foreign proceedings and enforcement of resulting relief. The series also highlights UK restructuring tools that frequently play a central role in cross-border matters, including the Part 26A restructuring plan under the UK Companies Act 2006, its cross-class cram down mechanism, the Part A1 statutory moratorium under the Insolvency Act 1986, and the treatment of debt governed by English law. Each installment addresses a practical question stakeholders face in cross-border restructurings, from seeking recognition to coordinating parallel proceedings and responding to creditor challenges. To explore our latest insights and navigate the complexities of cross-border restructuring, please visit the Restructuring Without Borders Resource Center here.

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