Credit: Anton_Ivanov/Shutterstock.com Anti-Forum Shopping Bill Reintroduced: A Q&A with Cozen O'Connor's Thomas J. Francella, Jr., Marla S. Benedek and Frederick E. Schmidt, Jr.
In bankruptcy, two underlying primary reasons for forum selection are (i) differing case law at the Circuit Court level, and (ii) certainty and predictability of outcome for the particular type of reorganization plan needed by the chapter 11 debtor.
November 15, 2021 at 06:09 PM
13 minute read
Bankruptcy
To curb the practice of forum shopping by corporations filing for chapter 11 bankruptcy, Sens. Elizabeth Warren (D-MA) and John Cornyn (R-TX) reintroduced the Bankruptcy Venue Reform Act of 2021 in September 2021.
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