From jonesday.com: Recent court rulings, including a New Jersey bankruptcy court’s enforcement of a foreign judgment, underscore the role of Chapter 15 of the U.S. Bankruptcy Code in recognizing and enforcing foreign bankruptcy proceedings.
The case of Vertiv, Inc. v. Wayne Burt PTE, Ltd. stressed the importance of comity, the principle of recognizing foreign legislative, executive, or judicial acts, in cross-border bankruptcy cases.