International
Insolvency Institute

Fifth Annual III Conference 2005

Fordham University School of Law,
New York City, USA
June 6 – 7, 2005

Conference Co‐Chairs
John A. Barrett, Fulbright & Jaworski LLP, Houston
E. Bruce Leonard, Cassels Brock & Blackwell LLP, Toronto

Summary of Contents

Panel Presentations 

  • Co-ordinating Fractious International Cases.
  • Cirque Du Monde: Juggling Money and Liability in an International Insolvency Case: Responsibilities of Directors and Officers in Insolvency and Pre-Insolvency Situations Worldwide.
  • The Good, The Bad and The Ugly: Insolvency and Restructuring in Latin America.
  • Current Trends in Europe and The New European Union System for Financial Difficulties of Financial Institutions.
  • Commercial Fraud: Insolvency Issues and Remedies
  • The III Gold Medal Prize in International Insolvency Research.
  • The World’s Most Important Current International Insolvency Cases.
  • The Great III 2005 Debate: Resolved that London Should be The Insolvency Court for The World.
  • Parmalat: Tensions in International Restructurings.
  • The Yukos Experience: A Russian Reorganization in Houston.
  • Developments and Trends in Asian Insolvencies.
  • Principles for Debtor-in-Possession Financing in International Cases.
  • Tax Priorities in Worldwide Bankruptcy Legislation.               

The International Insolvency Institute:
Members of the International Insolvency Institute (2005)
III Judicial Liaison Council Members
III Academic Forum Members
III Conference Sponsors and Supporters
About the International Insolvency Institute


Monday June 6, 2005

9:00 - 10:00 Keynote Address: The Economics of Failure

Dr. Roger M. Kubarych, Council on Foreign Relations, New York 

Dr. Kubarych is Senior Economic Advisor for Hypovereinbank and has had a highly distinguished career in public and private finance, including serving as Senior Vice-President and Chief Economist of the New York Stock Exchange, and in a variety of senior positions for 13 years at the Federal Reserve Bank of New York.

10:20 -  11:30 Co-ordinating Fractious International Cases.

(Presented by the Committee on Cross-Border Cases Communications.)

Co-Chairs
Gabriel Moss, Q.C., 3-4 South Square Chambers, London; Nick Segal, Davis Polk & Wardwell, New York 

Panel
Mr. Justice J.M. Farley, Ontario Superior Court of Justice, Toronto 
Hon. Robert Drain, United States Bankruptcy Court, Southern District of New York, New York 
Mr. Justice Gavin Lightman, High Court, Chancery Division, Royal Courts of Justice, London 
Chief Justice Donald I. Brenner, Supreme Court of British Columbia, Vancouver 
Robert J. Rosenberg, Latham & Watkins, New York 

(This panel brings together for the first time the distinguished Judges who held the first-ever cross-border hearing between the United Kingdom and the United States to resolve an unpredictable and fractious transatlantic dispute.) 

Papers

11:30 - 12:30 Cirque Du Monde: Juggling Money and Liability in an International Insolvency Case: Responsibilities of Directors and Officers in Insolvency and Pre-Insolvency Situations Worldwide.

(Presented by the Committee on Corporate and Professional Responsibilities in Cross-Border Cases.)

Co-Chairs
J. William Boone, Alston & Bird, Atlanta, and Joel Ohlgren, Sheppard, Mullin, Richter & Hampton LLP, Los Angeles

Moderator
Richard Brunette, Sheppard, Mullin, Richter & Hampton LLP, Los Angeles

Speakers
Mark Duedall, Alston & Bird, Atlanta 
Lucio Ghia, Studio Legale Ghia, Rome 
Patrick T. McCarthy, Borden Ladner Gervais, Calgary 
Miguel De Avillez Pereira, Abreu, Cardigos & Associados, Lisbon
Christoph Staubli, Walder Wyss & Partners, Zurich, Switzerland

Papers

2:00 – 2:45 The Good, The Bad and The Ugly: Insolvency and Restructuring in Latin America.

(Presented by the Committee on Latin America.)

Co-Chairs
Agustin Berdeja-Prieto, Berdeja y Asociados, S.C., Mexico City and Victor A. Vilaplana, Seltzer Caplan McMahon Vitek, San Diego

Speakers
Ricardo W. Beller, Marval, O’Farrell & Mairal, Buenos Aires, Argentina 
Thomas B. Felsberg, Felsberg e Associados, Sao Paulo, Brazil 
José Giral, Baker & McKenzie, Caracas, Venezuela 
Paulo Larráin, Morales, Noguera, Valdivieso & Besa, Santiago, Chile

Papers

2:45 – 4:15 Current Trends in Europe and The New European Union System for Financial Difficulties of Financial Institutions.

(Presented by the Committee on European Union Developments.)

Co-Chairs
Professor Bob Wessels, Amsterdam and Gabriel Moss, Q.C., London

Speakers
Hon. Samuel L. Bufford, United States Bankruptcy Court, Los Angeles
Isabelle Didier, Paris
Gerhard Gispen, Simmons & Simmons Trenite, Rotterdam, The Netherlands
Pekka Jaatinen, Castrén & Snellman, Helsinki, Finland
Sven Odd Swarting, Setterwalls Advokatbyra, Stockholm, Sweden

Papers

4:15 – 4:45 Commercial Fraud: Insolvency Issues and Remedies.

(Presented by the Committee on Commercial Fraud.)

Panel Chair
Robin E. Phelan, Haynes & Boone, Dallas

Speakers
Robert van Galen, NautaDutilh, Amsterdam
Professor Janis Sarra, University of British Columbia, Vancouver

Papers

4:45 – 5:00 The III Gold Medal Prize in International Insolvency Research.

(Presented by the Committee on International Insolvency Research.)

Co-Chairs
Professor Bob Wessels, Amsterdam and Professor Jay L. Westbrook, Austin, Texas. 

A presentation by the Gold Medal Winner of the Institute’s Prize in International Insolvency Research. 

The Road to a Suitable and Comprehensive Global Approach to Insolvencies Within Multinational Corporate Groups. Ms. Irit Mevorach, Ph.D. Candidate, Faculty of Law, University College London (UCL).


Tuesday, June 7, 2005

9:00 - 10:00 The World’s Most Important Current International Insolvency Cases.

(Presented by the Committee on Transnational Litigation.)

Co-Chairs
Evelyn H. Biery, Fulbright & Jaworski L.L.P., Houston and Gary S. Lee, Lovells, New York

Speakers
George B. Bazinas, Anagnostopoulos, Bazinas, Fifis, Athens
Christopher K. Grierson, Lovells, London
Jaime R. Guerra Gonzalez, Guerra Gonzalez y Asociados, Mexico City
Josefina Fernandez-McEvoy, Squire Sanders & Dempsey LLP, Los Angeles

Papers

10:15 - 11:00 The Great III 2005 Debate: Resolved that London Should be The Insolvency Court for The World.

(A controversial and animated exchange of views from leading insolvency practitioners on both sides of the Atlantic, not to mention the Rio Grande.) 

Supporting the Proposition
Robin Dicker, Q.C., 3/4 South Square, London
Ronald DeKoven, 3/4 South Square, London

Resisting the Proposition
Robin E. Phelan, Haynes & Boone, Dallas, Texas

Moderator/Referee
Mr. Justice J.M. Farley, Ontario Superior Court of Justice, Toronto

Introduction   
Thomas M. Gaa, Bialson, Bergen & Schwab, Palo Alto, California 

11:00 - 11:45 Parmalat: Tensions in International Restructurings.

Panel Chair
Leonard H. Gilbert, Holland & Knight, Tampa

Speakers
Dr. Eberhard Braun, Schultze & Braun, Achern, Germany 
Thomas B. Felsberg, Felsberg e Associados, Sao Paulo, Brazil 
Guy Locke, Walkers, Grand Cayman 
Marcia Goldstein, Weil, Gotshal & Manges, New York 

Papers

11:45 - 12:30 The Yukos Experience: A Russian Reorganization in Houston. 

Moderator
Hon. Allan L. Gropper, United States Bankruptcy Court, Southern District of New York, New York

Speakers
Mark Baker and Zack A. Clement, Fulbright & Jaworski L.L.P., Houston, (Counsel to Yukos)
Ben B. Floyd, Munsch Hardt Kopf & Harr PC, Houston (Counsel to a European Lender)

Papers

2:00 - 2:45 Developments and Trends in Asian Insolvencies.

(Presented by the Committee on Asian Developments.)

Panel Co-Chairs
George Kelakos, Ocean Tomo, Greenwich, Connecticut and Arnold M. Quittner, Pachulski, Stang, Ziehl, Young, Jones & Weintraub, Los Angeles

Speakers
Steve T. Kargman, Export-Import Bank of the United States, Washington, D.C.
James C. Olson, Heller Ehrman, San Francisco
Hideyuki Sakai, Sakai & Mimura, Tokyo, Japan

Papers

2:45 - 3:15 Principles for Debtor-in-Possession Financing in International Cases.

(Presented by the Committee on Conventions in Cross-Border International Financing.)

Co-Chairs
Ben B. Floyd, Munsch Hardt Kopf & Harr PC, Houston
Daniel M. Glosband, Goodwin Procter & Hoar, LLP, Boston
Randall S. Eisenberg, FTI Consulting Inc., New York

Project Reporter
Professor Susan Block-Lieb, Fordham University Law School, New York)

Papers

3:15 - 3:45 Tax Priorities in Worldwide Bankruptcy Legislation.

(Presented by the Committee on Tax Priorities in Bankruptcy.)

Co-Chairs
Mr. Justice Ralph H. Zulman, Johannesburg, South Africa and Hon. James L. Garrity, Jr., Shearman & Sterling, New York.

Project Reporter
Barbara K. Day, Overseas Private Investment Corporation, Washington, D.C.

Papers


A. International Organization Projects

American Law Institute / International Insolvency Institute
Guidelines for Court‐to‐Court Communications in Cross‐Border Cases:

  1. English
  2. Arabic
  3. Chinese
  4. Croatian
  5. French
  6. Georgian
  7. German
  8. Greek
  9. Italian
  10. Japanese
  11. Korean
  12. Portuguese
  13. Russian
  14. Spanish
  15. Swedish

Asian Development Bank
Insolvency Law Reforms in the Asian and Pacific Region: Law and Policy Reform at the Asian Development Bank, Volume 1 (2000)

European Bank for Reconstruction and Development
Model Law on Secured Transactions (2004) 

European Union
Regulation (EC) No. 1346/2000 on Insolvency Proceedings (2000)

International Bar Association
Cross‐Border Insolvency Concordat (1995)

International Monetary Fund
Orderly & Effective Insolvency Procedures (1999)

UNCITRAL (United Nations Commission on International Trade Law)

  1. UNCITRAL 38th session (Vienna, July 4 – 15, 2005)
    a. Developments in Insolvency Law: adoption of the UNCITRAL Model Law on Cross-Border Insolvency; use of cross-border protocols and court-to-court communication guidelines, and case law on interpretation of “centre of main interests” and “establishment” in the European Union (Note by the Secretariat, April 14, 2005)
    b. III Proposal on Post-Commencement Financing in International Reorganizations
    Extracts from UNCITRAL Legislative Guide on Insolvency Law in support of III Proposal on Post-Commencement Financing in International Reorganizations
    c. III Proposal on Cross-Border Insolvency Protocols
    d. III Proposal on Directors’ and Officers’ Responsibilities and Liabilities
    e. III Proposal for Study and Recommendations in the Area of Commercial Fraud
  2. Report of Working Group VI (Security Interests), 7th session (New York, January 24-28, 2005)
  3. UNCITRAL Legislative Guide on Insolvency Law

World Bank
Principles and Guidelines for Effective Insolvency and Creditor Rights Systems (2001)


B. International Arbitration and Enforcement of Judgments


C. International Treaties Relating to Bankruptcy


D. Selected Domestic Insolvency Legislation

The International Insolvency Institute gratefully acknowledges the generous support for the very special Tenth Anniversary Conference in Rome for the following Sponsors.

Argentina 
Insolvency and Bankruptcy Law (1995, as later amended) (English) (Spanish)
Cross Border Insolvency Bill (2002)

Australia
Corporations Act (2001) – Insolvency
Bankruptcy Act 1966, as amended up to Act No. 20 of 2005 (Vol. 1)
Bankruptcy Act 1966, as amended up to Act No. 20 of 2005 (Vol. 2)

Barbados
Bankruptcy and Insolvency Act, 2001‐34

Belgium
Bankruptcy Act (as of 2003) (French)
Reorganization Act (as of 1998) (French)

Brazil
New Bankruptcy Law (2005)

Canada
Bankruptcy and Insolvency Act (as of March 5, 2007)
Part XIII: International Insolvencies
Companies’ Creditors Arrangement Act (as of March 5, 2007)

China
Enterprise Bankruptcy Law (2007)

France
Commercial Code, Book VI: The Financial Difficulty of Enterprises (as amended by law 2005‐845 of July 26,2005)

Germany
Insolvency Statute of 5 October 1994 (as of January 1, 2004)
The Insolvency Act 1994 (as amended 2003) (German)

Ghana
Bodies Corporate (Official Liquidations Act), 1963 (Act 180)

Gibraltar
Gibraltar Legislation, Supplement No. 16 (2004), Part VI, Winding Up

Hong Kong
Bankruptcy Ordinance

India
Chapter V
The Recovery of Debts Due to Banks and Financial Institutions Act (1993)
The Sick Industrial Companies (Special Provisions) Act, 1985

Indonesia
The Bankruptcy Act

Japan
Summary of Law on Recognition and Assistance of a Foreign Insolvency Proceeding (2000)

Kazakhstan
Law on Bankruptcy

Korea
Company Reorganization Act (as amended 1998)
Composition Act (as amended 1998)

Malaysia
Bankruptcy Act 1967 (as amended 1988)

Mexico
Business Reorganization Act
International Bankruptcy Provisions

Montenegro
Law on Business Organization Insolvency (as of 2002)

The Netherlands
Bankruptcy Act (as amended 2002) (English) | (as amended 2005) (Dutch)

Poland
Insolvency and Restructuring Act (2003) Part 1 | Part 2

Portugal
Insolvency Act (2004)

Romania
Law No. 64 on Insolvency Proceedings (1995)
Law No. 637 on regulating private international law relations in the field of insolvency (2002)

Singapore
Part VII – Arrangements and Reconstructions

South Africa
Cross‐Border Insolvency Act

Spain
Insolvency Act 2003 (Spanish)

United Kingdom
Insolvency Act (1986)
Insolvency Act ss. 13‐18 (2000)
Enterprise Act (2002), Part 10 – Insolvency

United States
Bankruptcy Abuse Prevention and Consumer Protection Act (2005)
Chapter 15


E. Major Cross-Border Insolvency Protocols

Cross‐Border Insolvency Protocol and Order in Re Barzel Industries Canada Inc.between Ontario Superior Court of Justice, Toronto(Mr. Justice Geoffrey B. Morawetz), Case No. 09‐CL‐8363 (September 15, 2009), including approval and adoption of the American Law Institute Guidelines for Court-to-Court Communications for Cross-Border Cases.s and United States Bankruptcy Court for the District of Delaware(Hon. Christopher S. Sontchi), Case No. 09‐13204 (CSS) (September 17, 2009), including approval and adoption of the American Law InstituteGuidelines for Court-to-Court Communications for Cross-Border Cases.

Cross‐Border Insolvency Protocol and Order in Re AbitibiBowater Inc. between theSuperior Court of the Province of Quebec (Hon. Clement Gascon), Case No. 500‐11‐036133‐094 (July 28, 2009), including approval and adoption of the American Law Institute Guidelines for Court-to-Court Communications for Cross-Border Cases.sand the United States Bankruptcy Court for the District of Delaware (Hon. Kevin J. Carey), Case No. 09‐11296 (KJC) (July 7, 2009), including approval and adoption of the American Law Institute Guidelines for Court-to-Court Communications for Cross-Border Cases.

Cross‐Border Insolvency Protocol and Order in Re Eddie Bauer Holdings, Inc., et al. between the Ontario Superior Court of Justice, Toronto (Mr. Justice Geoffrey B. Morawetz), Case No. 09‐8240‐CL (June 25, 2009), including approval and adoption of the American Law Institute Guidelines for Court-to-Court Communications for Cross-Border Cases.s and the United States Bankruptcy Court for the District of Delaware (Hon. Mary F. Walrath), Case No. 09‐12099 (June 24, 2009), including approval and adoption of the American Law Institute Guidelines for Court-to-Court Communications for Cross-Border Cases.

Cross‐Border Insolvency Protocol and Order in Re Lehman Brothers Holdings Inc., et al. issued by the United States Bankruptcy Court for the Southern District of New York (Hon. James M. Peck), Case No. 08‐13555 (June 17, 2009), including approval and adoption of the American Law Institute Guidelines for Court-to-Court Communications for Cross-Border Cases.

Cross‐Border Insolvency Protocol and Order in Re Bernard L. Madoff Investment Securities LLC issued by the United States Bankruptcy Court for the Southern District of New York (Hon. Burton R. Lifland), Adv. Pro. No. 08‐1789 (June 9, 2009), including approval and adoption of the American Law Institute Guidelines for Court-to-Court Communications for Cross-Border Cases.

Cross‐Border Insolvency Protocol and Order in Re SemCanada Crude Company et al. between the Queen's Bench of Alberta for the Judicial District of Calgary (Justice B.E.C. Romaine), Action No. 0801‐08510 (May 22, 2009), including approval and adoption of the American Law Institute Guidelines for Court-to-Court Communications for Cross-Border Cases.s and the United States Bankruptcy Court for the District of Delaware (Hon. Brendan L. Shannon), Case No. 08‐11525 (BLS), (September 24, 2009).

Cross‐Border Insolvency Protocol in Re Masonite International Inc.between Ontario Superior Court of Justice, Toronto (Mr. Justice Colin Campbell), Case No. 09‐8075‐00CL (March 16, 2009) and United States Bankruptcy Court for the District of Delaware (Hon. Peter J. Walsh), Case No. 09‐10844 (PJW), (April 14, 2009) substantially incorporating the principles of the American Law Institute Guidelines for Court-to-Court Communications for Cross-Border Cases.

Cross‐Border Insolvency Protocol in Re Smurfit‐Stone Container Canada Inc.between Ontario Superior Court of Justice, Toronto (Madam Justice Sarah E. Pepall), Case No. 09‐7966‐00CL (March 12, 2009) and United States Bankruptcy Court for the District of Delaware (Hon. Brendan L. Shannon), Case No. 09‐10235 (BLS), (March 12, 2009) substantially incorporating the principles of the American Law Institute Guidelines for Court-to-Court Communications for Cross-Border Cases.

Re Milacron Canada Ltd. (Ontario Superior Court of Justice) (Mr. Justice Colin Campbell) Case No. CV‐09‐8060‐00CL (March 10, 2009) approving the application of the American Law Institute Guidelines for Court-to-Court Communications for Cross-Border Cases.

Cross‐Border Insolvency Protocol in Re Nortel Networks Corporation betweenOntario Superior Court of Justice, Toronto (Mr. Justice Geoffrey B. Morawetz), Case No. 09‐CL‐7950 (January 14, 2009) and United States Bankruptcy Court for the District of Delaware (Hon. Kevin Gross), Case No. 09‐10138 (KG), (January 15, 2009) including approval and adoption of the American Law Institute Guidelines for Court-to-Court Communications for Cross-Border Cases.

Cross‐Border Insolvency Protocol and Order in Re Calpine Corporation between the United States Bankruptcy for the Southern District of New York (Hon. Burton R. Lifland), Case No. 05‐60200 (April 9, 2007) and Court of Queens Bench of Alberta (Madam Justice B.E.C. Romaine), Case No. 0501‐17864 (April 7, 2007) including approval and adoption of the American Law Institute Guidelines for Court-to-Court Communications for Cross-Border Cases..

Cross‐Border Insolvency Protocol in Re Quebecor World Inc. between the Superior Court for the Province of Quebec (Mr. Justice Robert Mongeon), Case No. 500‐11‐032338‐085 (January 21, 2008) and the United States Bankruptcy Court, Southern District of New York (Hon. James Peck), Case No. 08‐10152, (April 17, 2008), including approval and adoption of the American Law Institute Guidelines for Court-to-Court Communications for Cross-Border Cases.

Cross‐Border Insolvency Protocol in Re Progressive Moulded Products Ltd. between the Ontario Superior Court of Justice, Toronto (Mr. Justice Geoffrey B. Morawetz), Case No. CV‐08‐7590‐00CL, (June 24, 2008) and the United States Bankruptcy Court, including approval and adoption of the American Law Institute Guidelines for Court-to-Court Communications for Cross-Border Cases.

Cross‐Border Insolvency Protocol in Re Pope & Talbot Ltd. between the British Columbia Supreme Court, Vancouver (Chief Justice Donald I. Brenner), Case No. SO77839, (December 14, 2007) and the United States Bankruptcy Court for the District of Delaware, (Hon. Christopher Sontchi), Case No. 07‐11738 including approval and adoption of the American Law Institute Guidelines for Court-to-Court Communications for Cross-Border Cases.

Re Refco Capital Markets ( Supreme Court of Bermuda) (Mr. Justice Ian Kawaley) Case No. 2005:328 (December 12, 2006) (Approving the application of the American Law Institute Guidelines for Court-to-Court Communications for Cross-Border Cases.)

Cross‐Border Insolvency Protocol in Re Sendo International Limited between the commercial Court of Nanterre, France (Mr. Justice Jerome Mandrillon) and the Chancery Division of the High Court of Justice, London (June 1, 2006.)

Orders Adopting the American Law Institute Guidelines for Court-to-Court Communications for Cross-Border Cases.s With Certain Modifications in Re Androscoggin Energy LLC, United States Bankruptcy Court for the District of Maine (Hon. Louis H. Kornreich), Case No. 04‐12221‐LHK, (January 12, 2005), and Ontario Superior Court of Justice (Mr. Justice J.M. Farley), Court File No. 04‐CL‐5643 January 6, 2005).

Cross‐Border Insolvency Protocol in Re Systech Retail Systems Corporation between the Ontario Court of Justice, Toronto (Mr. Justice J.D. Ground), Court File No. 03‐CL‐4836, (January 20, 2003) and the United States Bankruptcy Court for the Eastern District of North Carolina, Raleigh Division (Hon. A. Thomas Small), Case No. 03‐00142‐5‐ATS, (January 30, 2003) including approval and adoption of the American Law Institute Guidelines for Court-to-Court Communications for Cross-Border Cases.

Cross‐Border Insolvency Protocol in Re Mosaic Group Inc. between the Ontario Court of Justice, Toronto (Mr. Justice J.M. Farley), Court File No. 02‐CL‐4816, (December 7, 2002) and the United States Bankruptcy Court for the Northern District of Texas (Hon. Harlin DeWayne Hale), Case No. 02‐81440, (January 8, 2003), including approval and adoption of the American Law Institute Guidelines for Court‐to‐Court Communications in Cross Border Cases.

Cross‐Border Insolvency Protocol in Re Federal‐Mogul Global Inc. et al. between the United States Bankruptcy Court for the District of Delaware (Hon. Randall Newsome), Case No. 01‐10578, (October 4, 2001) and the Chancery Division of the High Court of Justice of England, (October 1, 2001) and Final Order Approving Cross‐Border Insolvency Protocol in Re Federal‐Mogul Global Inc. et al., United States Bankruptcy Court for the District of Delaware (Hon. Randall Newsome), Case No. 01‐10578, (January 7, 2002).

Cross‐Border Insolvency Protocol in Re Financial Asset Management Foundation between Supreme Court of British Columbia (Chief Justice Donald I. Brenner) Case No. 11‐213464/VA.01 (August 1, 2001) and United States Bankruptcy Court for the Southern District of California (Hon. Louise Adler) Case No. 01‐03649‐304 (July 25, 2001).

Cross‐Border Insolvency Protocol in Re Pioneer Companies between the Quebec Superior Court, (Re PCI Chemicals Canada Inc.,) (Madam Justice Danielle Mayrand), Case No. 5000‐05‐066677‐012, (August 1, 2001) and United States Bankruptcy Court for the Southern District of Texas, (Re Pioneer Companies Inc.) Case No. 01‐38259, (August 1, 2001): providing for Court‐to‐Court communications consistent with The American Law Institute Guidelines for Court-to-Court Communications for Cross-Border Cases.

(English) (French)

Cross‐Border Insolvency Protocol in 360Networks Inc. between British Columbia Supreme Court, Vancouver (Mr. Justice D.F. Tysoe), Case No. L011792, (June 28, 2001) and United States Bankruptcy Court for the Southern District of New York (Hon. Allan L. Gropper), Case No. 01‐13721‐alg, (August 29, 2001).

Cross‐Border Insolvency Protocol in Re Laidlaw Inc. between Ontario Superior Court of Justice, Toronto (Mr. Justice J.M. Farley), Case No. 01‐CL‐4178, (August 10, 2001) and United States Bankruptcy Court for the Western District of New York (Hon. Michael J. Kaplan), Case No. 01‐14099, (August 20, 2001).

Cross‐Border Insolvency Protocol in PSINet Inc.et al. between Ontario Superior Court of Justice, Toronto (Mr. Justice J.M. Farley), Case No. 01‐CL‐4155, (July 10, 2001) and United States Bankruptcy Court for the Southern District of New York (Hon. Robert E. Gerber), Case No. 01‐13213, (July 10, 2001) including approval and adoption of the American Law Institute Guidelines for Court-to-Court Communications for Cross-Border Cases.

Cross‐Border Insolvency Protocol in Re Matlack Inc.between Ontario Superior Court of Justice, Toronto (Mr. Justice J.M. Farley), Case No. 01‐CL‐4109, (April 19, 2001) and United States Bankruptcy Court for the District of Delaware (Hon. Mary F. Walrath), Case No. 01‐01114 (MFW), (May 24, 2001) including approval and adoption of the American Law Institute Guidelines for Court-to-Court Communications for Cross-Border Cases.

Cross‐Border Insolvency Protocol in AgriBio Tech Inc. between Ontario Superior Court of Justice, Toronto (Mr. Justice J.M. Farley), Case No. 31‐OR‐371448, (June 16, 2000) and United States Bankruptcy Court for the District of Nevada (Hon. Linda B. Riegle), Case No. 500‐10534 LBR, (June 28, 2000) providing for Court‐to‐Court Communications.

Cross‐Border Insolvency Protocol in Re Manhattan Investment Fund Limited between United States Bankruptcy Court for the Southern District of New York (Hon. Burton R. Lifland), Case No. 00‐10922BRL, (April 2000) and High Court of Justice of the British Virgin Islands (Chief Justice Austin Ward), Case No. 19 of 2000, (April, 2000) and Supreme Court of Bermuda (Mr. Justice Kenneth A. Benjamin), Case No. 2000/37, (April 2000).

Cross‐Border Insolvency Protocol in Re Inverworld, Inc. between United States District Court for the Western District of Texas (Hon. Frederick Biery), Case No. SA99‐C0822FB, (October 22, 1999) and U.K. High Court of Justice, Chancery Division, (1999) and the Grand Court of the Cayman Island, (1999).

Cross‐Border Insolvency Protocol in Re Philip Services Corporation between United States Bankruptcy Court for the District of Delaware (Hon. Mary Walrath), Case No. 99‐B‐02385, (June 28, 1999) and Ontario Superior Court of Justice, Toronto (Mr. Justice Robert A. Blair), Case No. 99‐CL‐3442, (June 25, 1999).

Cross‐Border Insolvency Protocol in Re Livent Inc. between United States Bankruptcy Court for the Southern District of New York (Hon. Arthur Gonzales), Case No. 98‐B‐48312, and Ontario Superior Court of Justice, Toronto (Mr. Justice J.D. Ground), Case No. 98‐CL‐3162, (June 11, 1999).

Cross‐Border Insolvency Protocol in Re Loewen Group between United States Bankruptcy Court for the District of Delaware (Chief Judge Peter J. Walsh) Case No. 99‐1244, (June 30, 1999) and Ontario Superior Court of Justice, Toronto (Mr. Justice J.M. Farley) Case No. 99‐CL‐3384, (June 1, 1999).

Cross‐Border Liquidation Protocol in Re AIOC Corporation and AIOC Resources AG between United States and Switzerland: United States Bankruptcy Court for Southern District Court of New York (Chief Judge Tina L. Brozman), Case Nos. 96 B 41895 and 96 B 41896, (April 3, 1998).

Cross‐Border Insolvency Protocol in Re Solv‐Ex Canada Limited and Re Solv‐Ex Corporation between Alberta Court of Queen’s Bench (Mr. Justice G.R. Forsyth), Case No. 9701‐10022, (January 28, 1998) and United States Bankruptcy Court for the District of New Mexico (Hon. Mark McFeely), Case No. 11‐97‐14362‐MA, (January 28, 1998).

Cross‐Border Liquidation Protocol in Re Tee‐Comm Electronics Inc. between Ontario Court of Justice and United States Bankruptcy Court for the District of Delaware (Hon. Peter J. Walsh), Case No. 97‐1100 (PJW), (July 3, 1997).

Cross‐Border Insolvency Concordatas Adopted by the Council of the International Bar Association Section on Business Law (Paris: September 17, 1995) and by the Council of the International Bar Association (Madrid: May 31, 1996).

Cross‐Border Insolvency Protocol between the United States and Israel in Re Nakash United States Bankruptcy Court for the Southern District of New York, Case No. 94 B 44840, (May 23, 1996) and District Court of Jerusalem, Case No. 1595/87, (May 23, 1996).

Order Co‐ordinating Canadian and United States Reorganizational Plans in Re Everfresh Beverages Inc. Ontario Court of Justice; Toronto (Mr. Justice J.M. Farley), Case No. 32‐077978, (May 15, 1996).

Orders Approving Cross‐Border Insolvency Protocol between Canada and the United States in Re Everfresh Beverages Inc., Ontario Court of Justice, Toronto (Mr. Justice J.M. Farley), Case No. 32‐077978, (December 20, 1995) and United States Bankruptcy Court for the Southern District of New York. (Hon. Burton R. Lifland), Case No. 95 B 45405, (December 20, 1995).

Cross‐Border Insolvency Protocol in Re Commodore Electronics Limited and Commodore International Limited between the United States Bankruptcy Court for the Southern District of New York and the Supreme Court of the Commonwealth of the Bahamas (December 8, 1994).

Cross‐Border Insolvency Protocol in Re Olympia & York Developments Limited between Ontario Court of Justice, Toronto (Mr. Justice R.A. Blair), Case No. B125/92, (July 26, 1993) and United States Bankruptcy Court for the Southern District of New York (Hon. James L. Garrity, Jr.), Case No’s 92‐B‐42698‐42701, (July 15, 1993) (Reasons for Decision of the Ontario Court of Justice: (1993), 20 C.B.R. (3d) 165).

Cross‐Border Insolvency Protocol and Order Approving Protocol in Re Maxwell Communication plc between the United States and the United Kingdom. United States Bankruptcy Court for the Southern District of New York (Hon. Tina L. Brozman), Case No. 91 B 15741, (January 15, 1992) and the High Court of Justice, Chancery Division, Companies Court, Case No. 0014001 of 1991, (December 31, 1991).

The III expresses its appreciation to Franca Tibando for organizing and co‐ordinating the III 2008 Conference CD.

The III welcomes contributions of insolvency papers, articles and materials to its website which can be forwarded to Franca to ftibando@casselsbrock.com .

The International Insolvency Institute is a non‐profit association comprised of leading insolvency professionals, judges, academics and insolvency regulators from over 35 different countries around the world. Its goals are to enhance and promote fair and effective international insolvency systems and procedures. Contributions of insolvency‐oriented materials to the Institute’s website are most welcome and should be directed to Bruce Leonard at bleonard@casselsbrock.com (tel: 416 869 5757; fax 416 640 3027).

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