New Delaware Chapter 15 Filing – Alno AG
Alno AG, a manufacturer and retailer of kitchen furniture headquartered in Pfullendorf, Germany, has filed a petition for relief under chapter 15 in the Bankruptcy Court for the District of Delaware (Case No. 18-12651). According to the Declaration of the Foreign Representative, Alno commenced an insolvency proceeding on July 12, 2017, before the lower court of Hechingen, Baden-Wuerttemberg (File-No 10 IN 93/17). The Declaration further explains that Alno has filed its chapter 15 petition in order to take discovery related to avoidance claims and to administer claims against Alno asserted by U.S.-based claimants. Alno is seeking recognition of the German Proceeding as a foreign main proceeding under chapter 15 of the Bankruptcy Code. No claims and noticing agent has been proposed. The case has been assigned to the Honorable Kevin Gross.
Contact Norman L. Pernick, G. David Dean or Myles R. MacDonald for more information regarding this matter.
As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication.
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