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2026-07-06 09:52:37 -04:00

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LegalText 11 U.S.C. § 1520 Effects of recognition of a foreign main proceeding us united_states_code code_section 11 BANKRUPTCY 15 ANCILLARY AND OTHER CROSS-BORDER CASES 1520 11 U.S.C. § 1520 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc11@119-100.zip /us/usc/t11/s1520 data/legal/raw/us/code/title-11/usc11.xml c4c26a6e88d8dcf265c50b1cc8385eb437774b06176ffb729012da098d847bc6 49b32bf784de01de21874d64b5d1d78d1d245352824a03caa6d6b941a4a2c9a2 e9a1561eef6f85f7c3933f56d0e8c54552c9775d989c813f28e5db90e63f7a07 2026-07-04 official
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11 U.S.C. § 1520 - Effects of recognition of a foreign main proceeding

Text

(a) Upon recognition of a foreign proceeding that is a foreign main proceeding—

(1) sections 361 and 362 apply with respect to the debtor and the property of the debtor that is within the territorial jurisdiction of the United States;

(2) sections 363, 549, and 552 apply to a transfer of an interest of the debtor in property that is within the territorial jurisdiction of the United States to the same extent that the sections would apply to property of an estate;

(3) unless the court orders otherwise, the foreign representative may operate the debtors business and may exercise the rights and powers of a trustee under and to the extent provided by sections 363 and 552; and

(4) section 552 applies to property of the debtor that is within the territorial jurisdiction of the United States.

(b) Subsection (a) does not affect the right to commence an individual action or proceeding in a foreign country to the extent necessary to preserve a claim against the debtor.

(c) Subsection (a) does not affect the right of a foreign representative or an entity to file a petition commencing a case under this title or the right of any party to file claims or take other proper actions in such a case.

(Added Pub. L. 1098, title VIII, § 801(a), Apr. 20, 2005, 119 Stat. 141.)

Notes

Statutory Notes and Related Subsidiaries

Effective DateSection effective 180 days after Apr. 20, 2005, and not applicable with respect to cases commenced under this title before such effective date, except as otherwise provided, see section 1501 of Pub. L. 1098, set out as an Effective Date of 2005 Amendment note under section 101 of this title.