A Model for Canadian Cross-Border Insolvency - Core-Mark International, Inc.
|Lawyer||Jay Carfagnini, Brian Empey|
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.