Originally Posted by
DMPHL
It is a Chapter 15 filing, so I think there also needs to be a foreign bankruptcy proceeding? E.g. a foreign entity with assets in the US can file under Chapter 15, but not in the absence of/as a complete substitute for, a foreign bankruptcy petition. I may be wrong? I haven't been following closely, but did VS enter administration in the UK already?
It would be an ancillary proceeding to a cross-border case.
I'd expect that the non-US airlines that filed their Ch. 11 petitions in the USA (which would be the principal case) filed similar ancillary proceedings in their "home countries" pursuant to the Model Law on Cross Border Insolvency (if enacted there).
I doubt there are many Chapter 15 experts anywhere, although I expect that expertise is happening on the fly now. Next up for on the fly expertise, Chapter 9.