From www.claytonutz.com: Justice Halley recognized Exactech, Inc.’s Chapter 11 bankruptcy as a foreign main proceeding under the UNCITRAL Model Law, granting protections including a stay on proceedings against the debtor.

The court confirmed that Exactech’s center of main interests was in the US and that the requirements for Model Law recognition were satisfied.

Additionally, Mr. York, the foreign representative, was permitted to utilize voluntary administrator powers to facilitate a settlement in an ongoing Australian class action.