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A Model for Canadian Cross-Border Insolvency - Core-Mark International, Inc.

April-18-2005

Lawyer Jay Carfagnini, Brian Empey
Area Corporate Restructuring

Summary

The trend toward commercial globalization has led to an increase in the number and complexity of cross-border bankruptcy cases. The ability to overcome differences in legal systems, often through the cooperation and coordination of courts in different countries, can be a key factor in the success or failure of a restructuring. A recent successful case of harmonious cross-border insolvency was Core-Mark International, Inc.

This article first appeared in the Volume 22, Number 6, April 2005 issue of The Bankruptcy Strategist.
 

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