EVW Partners Succeed in Terminating Chapter 15 Recognition of Indian Bankruptcy

Partners Alan Van Praag, Edward Floyd and Robert Gross successfully obtained an order from the United States Bankruptcy Court for the Southern District of New York terminating the Chapter 15 recognition of an Indian insolvency proceeding and dismissing the bankruptcy case. In re Ashapura Minechem Limited, Dkt. No. 11-14668 (Bankr SDNY Oct. 5, 2012). This significant success for creditor rights appears to have been the first such termination and dismissal of a Chapter 15 cross-border insolvency proceeding.