In In re Asbestos Corp. Ltd. (Case No. 25-10934), Judge Beckerman of the U.S. Bankruptcy Court for the Southern District of New York granted Chapter 15 recognition to claims bar date orders issued by a Canadian court under the CCAA.
- Comity & Section 1506: The Court held that differences between U.S. Chapter 11 practice and Canadian CCAA procedure regarding asbestos claimants do not render foreign bar date orders "manifestly contrary" to U.S. public policy under Section 1506.
- Source: Consult Jones Day's SDNY Chapter 15 Bar Date Analysis.
SDNY: U.S. Bankruptcy Court Enforces Foreign Mass Tort Bar Date Orders (In re Asbestos Corp)