New York – November 28, 2006 — Chadbourne & Parke LLP partner Howard Seife has been elected a member of the International Insolvency Institute, a non-profit, limited-membership organization of leading insolvency professionals, judges and academics dedicated to promoting efficient insolvency systems and procedures.
Based in New York, Mr. Seife chairs Chadbourne’s global bankruptcy and financial restructuring practice. In the first major test of cross-border insolvency under new Chapter 15 of the U.S. Bankruptcy Code, Mr. Seife commenced a case in New York on behalf of the Russian interim receiver for Yukos Oil. Mr. Seife’s role as a leader in the innovative use of ancillary bankruptcy proceedings was recently recognized by The Deal’s Bankruptcy Insider, describing him as “the top-ranked U.S. lawyer to foreign debtors.” Mr. Seife has written extensively on international insolvency issues, including as author and co-editor of Cross‑Frontier Insolvency of Insurance Companies, published by Sweet & Maxwell.
The International Insolvency Institute’s primary objectives include improving international co-operation in the insolvency area and achieving greater co-ordination among nations in multinational business reorganizations and restructurings. The Institute’s membership is drawn from the most senior and respected insolvency practitioners, judges and academics in the world and it has valuable liaisons with many of the most senior regulatory and administrative professionals in the insolvency field.