Bankruptcy
Dec. 20, 2021
Legislation could end corporate bankruptcy forum shopping
The Bankruptcy Venue Reform Act of 2021, introduced in September by U.S. Senators Elizabeth Warren, D-Mass., and John Cornyn, R-Texas, would require large corporations to file for bankruptcy in the state in which they are headquartered or where significant assets are located.
Have events in 2021 triggered the end of forum shopping in corporate bankruptcy law? Critics who call the practice corrupt say yes.
The Bankruptcy Venue Reform Act of 2021, introduced in September by U.S. Senators Elizabeth Warren, D-Mass., and John Cornyn, R-Texas, would require large corporations to file for bankruptcy in the state in which they are headquartered or where significant assets are located.
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