San Marino Bankruptcy Attorney, Bankruptcy Lawyer, Bankruptcy Code 11 USC Section 1530

TITLE 11 - BANKRUPTCY
CHAPTER 15 - ANCILLARY AND OTHER CROSS-BORDER CASES
    SUBCHAPTER V - CONCURRENT PROCEEDINGS

-HEAD-
    Sec. 1530. Coordination of more than 1 foreign proceeding

-STATUTE-
      In matters referred to in section 1501, with respect to more than
    1 foreign proceeding regarding the debtor, the court shall seek
    cooperation and coordination under sections 1525, 1526, and 1527,
    and the following shall apply:
        (1) Any relief granted under section 1519 or 1521 to a
      representative of a foreign nonmain proceeding after recognition
      of a foreign main proceeding must be consistent with the foreign
      main proceeding.
        (2) If a foreign main proceeding is recognized after
      recognition, or after the filing of a petition for recognition,
      of a foreign nonmain proceeding, any relief in effect under
      section 1519 or 1521 shall be reviewed by the court and shall be
      modified or terminated if inconsistent with the foreign main
      proceeding.
        (3) If, after recognition of a foreign nonmain proceeding,
      another foreign nonmain proceeding is recognized, the court shall
      grant, modify, or terminate relief for the purpose of
      facilitating coordination of the proceedings.

-SOURCE-
    (Added Pub. L. 109-8, title VIII, Sec. 801(a), Apr. 20, 2005, 119
    Stat. 144.)
Professional Membership
