From www.claytonutz.com: The Federal Court of Australia recognized a US Chapter 11 bankruptcy for Exactech, Inc. as a foreign main proceeding under the UNCITRAL Model Law, which included granting interim stay orders to protect the assets of the company and the interests of creditors.

Justice Halley confirmed that Exactech’s center of main interests lies in the United States, as the company’s management, officers, and operations are all based there.

The final hearing for the Model Law application is scheduled for February 6, 2025.