A New Role for Secondary Proceedings in International Bankruptcies

22 Pages Posted: 10 Aug 2011  

John A. E. Pottow

University of Michigan Law School

Date Written: August 1, 2011

Abstract

Secondary proceedings – the ugly stepsisters to main proceedings – get short shrift in international bankruptcy scholarship. This article seeks to remedy that deficiency. First, it describes what it argues are the traditional conceptions – both stated and implicit – of secondary proceedings in cross-border insolvencies. Second, it offers a revised way of thinking about secondary proceedings, proposing to restrict their scope through the use of “synthetic” hearings. Third, it addresses some problems with the proposed new role of secondary proceedings and sketches a possible solution involving the creation of an international priorities registry.

Keywords: international bankruptcy, corporate bankruptcy

JEL Classification: F30

Suggested Citation

Pottow, John A. E., A New Role for Secondary Proceedings in International Bankruptcies (August 1, 2011). Texas International Law Journal, Vol. 46, 2011; U of Michigan Law & Econ, Empirical Legal Studies Center Paper No. 11-012; U of Michigan Public Law Working Paper No. 244. Available at SSRN: https://ssrn.com/abstract=1907398

John A. E. Pottow (Contact Author)

University of Michigan Law School ( email )

625 South State Street
Ann Arbor, MI 48109-1215
United States
734-647-3736 (Phone)

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