Worldwide: Insolvency/Bankruptcy

In recent years, investigative journalism1 and international corruption prosecutions2 have trained a spotlight on the world of offshore finance, frequently used by ultra-high net worth individuals to insulate their assets from their personal liabilities and fend off creditors and prosecutors alike.

This article was first published in the October 2025 issue of the Journal of Corporate Renewal and reprinted with permission from Turnaround Management Association.

A recent decision by the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court"), in the matter of In re AIO US, Inc., case no. 24-11836-CTG ("Avon"), created a split with the Fifth Circuit on the issue of whether a plan of reorganization may contain a "gatekeeping provision"