§1517 Order Granting Recognition

Summary

After notice and a hearing, a court must enter an order recognizing a foreign proceeding if three things are true: the case qualifies as a foreign main or foreign nonmain proceeding, the person asking is the foreign representative, and the petition includes the required information. A proceeding is a foreign main proceeding when it is in the country where the debtor’s center of main interests is, and a foreign nonmain proceeding when the debtor has an establishment in that country. The court must decide as soon as possible. Issuing the order is what counts as recognition. Recognition can be changed or ended if the reasons for it were wrong or stop, but the court should consider harm to people who relied on the order. The case may then be closed as the law allows.