Davis Polk partner Brian Resnick and associates Richard Steinberg and Matthew Masaro authored “Bankruptcy court jurisdiction may be more limited than you think” in the American Bankruptcy Institute Journal. The article discusses the jurisdictional reach of bankruptcy courts in the U.S. and how the decision in Alto Maipo casts doubt on whether a debtor, relying on the court’s worldwide jurisdiction, will be able to take advantage of the full slate of protections afforded by the Bankruptcy Code, particularly the ability to assume a contract that is property of the bankruptcy estate.

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