The article examines how foreign companies the U.S. can take advantage of the Chapter 11 of the Bankruptcy Code, citing the successful restructuring of Arcapita, a Bahrain-based investment company. Topics discussed include some key issues raised after the Arcapita restructure, statutory bases for eligibility of a company for Chapter 11 and a bankruptcy court's discretion to dismiss or abstain from hearing a Chapter 11 case.
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