U.S. Code » Title 11 » Chapter CHAPTER 15— ANCILLARY AND OTHER CROSS-BORDER CASES › Subchapter SUBCHAPTER III— RECOGNITION OF A FOREIGN PROCEEDING AND RELIEF

11 U.S.C. § 1516

Presumptions concerning recognition

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(a) If the decision or certificate referred to in section 1515(b) indicates that the foreign proceeding is a foreign proceeding and that the person or body is a foreign representative, the court is entitled to so presume.(b) The court is entitled to presume that documents submitted in support of the petition for recognition are authentic, whether or not they have been legalized.(c) In the absence of evidence to the contrary, the debtor’s registered office, or habitual residence in the case of an individual, is presumed to be the center of the debtor’s main interests.(Added Pub. L. 109–8, title VIII, § 801(a), Apr. 20, 2005, 119 Stat. 139.)Statutory Notes and Related SubsidiariesEffective Date

Section effective 180 days after Apr. 20, 2005, and not applicable with respect to cases commenced under this title before such effective date, except as otherwise provided, see section 1501 of Pub. L. 109–8, set out as an Effective Date of 2005 Amendment note under section 101 of this title.

Notes of Decisions
Cited in 59 cases (19 in the last 5 years), 2005–2026 · leading case: In re Ocean Rig UDW Inc., 570 B.R. 687 (Bankr. S.D.N.Y. 2017).
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In re Ocean Rig UDW Inc., 570 B.R. 687 (Bankr. S.D.N.Y. 2017). · cites it 3× “11 U.S.C. § 1516 (a). The Bankruptcy Code defines “foreign representative” as “a person or body, in- *701 eluding a person or body appointed on an interim basis, authorized in a foreign proceeding to administer the reorganization or the liquidation of the debtor’s assets or…”
In re Oi Brasil Holdings Coöperatief U.A., 578 B.R. 169 (Bankr. S.D.N.Y. 2017). · cites it 2× “11 U.S.C. § 1516 (c). But this presumption is rebuttable, and is only applied “[flor speed and convenience in instances in which the COMI is obvious and undisputed.”
In Re Oversight & Control Comm'n of Avánzit, S.A., 385 B.R. 525 (Bankr. S.D.N.Y. 2008). · cites it 4× “11 U.S.C. § 1516 (b). Subject to section 1506 (regarding public policy exceptions), the court must grant recognition, if it finds, after notice and a hearing, that (1) such foreign proceeding for which recognition is sought is a foreign main proceeding or foreign nonmain…”
Lavie v. Ran (In Re Ran), 607 F.3d 1017 (5th Cir. 2010). · cites it 2× “, (Case 284/87) [1988] ECR 4475 (ECJ 2d Chamber 1988) (noting that although an individual’s habitual residence is presumed to be his COMI, this presumption is not outcome determinative if other evidence suggests the debtor’s COMI is elsewhere); see also Guide to Enactment of the…”
Morning Mist Holdings Ltd. v. Krys, 714 F.3d 127 (2d Cir. 2013). · cites it 2× “” 11 U.S.C. § 1516 (c). Upon recognition of a foreign main proceeding, Section 1520 provides certain automatic, nondiscretionary relief, including an automatic stay of all proceedings against the debtor in the United States.”
In Re Bear Stearns High-Grade Structured Credit Strategies Master Fund, Ltd., 374 B.R. 122 (Bankr. S.D.N.Y. 2007). · cites it 2× “” 11 U.S.C. § 1516 (c); In re Tri-Continental Exchange Ltd.”
In Re Loy, 380 B.R. 154 (Bankr. E.D. Va. 2007). · cites it 2× “Section 1516, however, allows a court to presume that “the certificate [submitted as evidence of a foreign proceeding] indicates the foreign proceeding is a foreign proceeding and that the person or body is a foreign representative,” 11 U.S.C. § 1516 (a), and a court may also…”
In Re SPhinX, Ltd., 351 B.R. 103 (Bankr. S.D.N.Y. 2006). “” 11 U.S.C. § 1516 (c). Therefore, because the SPhinX Funds’ COMI is presumed to be the Cayman Islands, where each Debtor is registered, the Cayman Islands proceedings are presumed to be foreign main proceedings.”
In re Poymanov, 571 B.R. 24 (Bankr. S.D.N.Y. 2017). · cites it 2× “See 11 U.S.C. § 1516 (c). Poymanov is a Russian citizen and resides in Russia.”
In Re Tri-Cont'l Exch. Ltd., 349 B.R. 627 (Bankr. E.D. Cal. 2006). “11 U.S.C. § 1516 (3) (emphasis supplied).”
Lavie v. Ran, 406 B.R. 277 (S.D. Tex. 2009). · cites it 2× “” 11 U.S.C. § 1516 (c). This presumption can be rebutted by evidence to the contrary.”
In re Serviços de Petróleo Constellation S.A., 600 B.R. 237 (Bankr. S.D.N.Y. 2019). “" 11 U.S.C. § 1516 (c) ("In the absence of evidence to the contrary, the debtor's registered office .”
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