11 U.S.C. § 1519

Relief that may be granted upon filing petition for recognition

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(a) From the time of filing a petition for recognition until the court rules on the petition, the court may, at the request of the foreign representative, where relief is urgently needed to protect the assets of the debtor or the interests of the creditors, grant relief of a provisional nature, including—(1) staying execution against the debtor’s assets;(2) entrusting the administration or realization of all or part of the debtor’s assets located in the United States to the foreign representative or another person authorized by the court, including an examiner, in order to protect and preserve the value of assets that, by their nature or because of other circumstances, are perishable, susceptible to devaluation or otherwise in jeopardy; and(3) any relief referred to in paragraph (3), (4), or (7) of section 1521(a).(b) Unless extended under section 1521(a)(6), the relief granted under this section terminates when the petition for recognition is granted.(c) It is a ground for denial of relief under this section that such relief would interfere with the administration of a foreign main proceeding.(d) The court may not enjoin a police or regulatory act of a governmental unit, including a criminal action or proceeding, under this section.(e) The standards, procedures, and limitations applicable to an injunction shall apply to relief under this section.(f) The exercise of rights not subject to the stay arising under section 362(a) pursuant to paragraph (6), (7), (17), or (27) of section 362(b) or pursuant to section 362(o) shall not be stayed by any order of a court or administrative agency in any proceeding under this chapter.(Added Pub. L. 109–8, title VIII, § 801(a), Apr. 20, 2005, 119 Stat. 140; amended Pub. L. 111–327, § 2(a)(46), Dec. 22, 2010, 124 Stat. 3562.)Editorial NotesAmendments

2010—Subsec. (f). Pub. L. 111–327 substituted “362(o)” for “362(n)”.

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 27 cases (8 in the last 5 years), 2006–2026 · leading case: In re Ace Track Co., 556 B.R. 887 (Bankr. N.D. Ill. 2016).

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In re Ace Track Co., 556 B.R. 887 (Bankr. N.D. Ill. 2016). · cites it 8× “1] (the “Petition”); (b) Foreign Representative’s Motion for (I) Provisional Relief Pursuant to 11 U.S.C. § 1519 and (II) Approve Shortened and Limited Notice [Dkt.”

In Re SPhinX, Ltd., 351 B.R. 103 (Bankr. S.D.N.Y. 2006). · cites it 2× “, 11 U.S.C. §§ 1519 (providing for interim relief that may be granted upon filing of a petition for recognition of foreign proceeding), 1521 (providing for relief that may be granted upon recognition of the foreign proceeding, whether as a main or nonmain proceeding), and 1507…”

In Re British Am. Ins. Co. Ltd., 425 B.R. 884 (Bankr. S.D. Florida 2010). · cites it 2× “In the meantime, the interim relief granted under 11 U.S.C. § 1519 will remain in effect pending order of the Court.”

In re Worldwide Educ. Servs., Inc., 494 B.R. 494 (Bankr. C.D. Cal. 2013). · cites it 6× “” 11 U.S.C. § 1519 (a); see also, In re Pro-Fit Holdings Ltd.”

In Re Ho Seok Lee, 348 B.R. 799 (Bankr. W.D. Wash. 2006). · cites it 4× “Young Chang sought entry of an order granting recognition as a foreign main proceeding pursuant to Chapter 15, Title 11 of the United States Bankruptcy Code, and further sought provisional relief against Samsong pursuant to 11 U.S.C. § 1519 . On May 25, 2006, the Court entered…”

In Re Toft, 453 B.R. 186 (Bankr. S.D.N.Y. 2011). “11 U.S.C. § 1519 (a). Section 1519(a)(3) specifically references § 1521(a)(4) as a form of relief available on a preliminary, emergency basis.”

CT Inv. Mgmt. Co. v. Cozumel Caribe, S.A. de C.V. (In re Cozumel Caribe, S.A. de C.V.), 482 B.R. 96 (Bankr. S.D.N.Y. 2012). “# 1) and also an Ex Parte Application of Foreign Representative for Entry of Provisional Relief Pursu *104 ant to 11 U.S.C. § 1519 (id., ECF Doc. # 3). On July 21, 2010, the Court entered an Order to Show Cause, granting interim relief and scheduling a preliminary injunction…”

In Re Loy, 380 B.R. 154 (Bankr. E.D. Va. 2007). “After argument, the Court ordered interim recognition of the Foreign Proceeding pursuant to the authority provided by 11 U.S.C. § 1519 and set a Final Hearing for the Petition for Recognition of Foreign Main Proceeding on November 26, 2007.”

In Re Pro-Fit Int'l Ltd., 391 B.R. 850 (Bankr. C.D. Cal. 2008). “Amended Opinion Granting Interim Relief to Chapter 15 Debtors Under 11 U.S.C. § 1519 SAMUEL L. BUFFORD, Bankruptcy Judge.”

Michael Jaffe v. Samsung Elec. Co., 737 F.3d 14 (4th Cir. 2013). · cites it 2× “” 11 U.S.C. § 1519 . In addition to the automatic relief that comes with the entry of an order granting recognition of a foreign main 22 proceeding, § 1521 authorizes the bankruptcy court to grant discretionary relief.”

In Re British Am. Isle of Venice (BVI), Ltd., 441 B.R. 713 (Bankr. S.D. Florida 2010). “§ 1521 (a)(6), the interim relief previously granted under 11 U.S.C. § 1519 will remain in effect subject to order of the court.”

O'Sullivan v. Loy, 432 B.R. 551 (E.D. Va. 2010). “, 11 U.S.C. §§ 1519 (f), 1521(a)(7). Additionally, a foreign representative must now obtain recognition pri- or to pursuing remedies in the United States.”

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