The Octaviar Saga: The Chapter 15 Door Opens, Closes, and then Reopens on the Foreign Representatives.

The article reports on decision held by the U.S. States Court of Appeals for Second Circuit that applied Chapter 15 case on the foreign representatives of Octaviar Administration Pty. Ltd. (Octaviar), which has filed a request for Australian liquidation reorganization. Topics discussed include business operations of Octaviar, how Octaviar's decision to separate its tourism and financial services business led to its demise, and Octaviar's claims against Drawbridge Special Opportunities Fund LP.