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62 A.B.A. J. 1290 (1976)
International Insolvency: The Case of Herstatt

handle is hein.journals/abaj62 and id is 1292 raw text is: International Insolvency: The Case of .Herstatt When German authorities ordered the Herstatt bank closed in June, 1974, creditors started a race for the remaining assets.,Those assets located in New York in the Chase Manhattan Bank, N.A., became the target of creditors from around the world. Finally, all the parties agreed to a liquidation plan. But one of the lessons may be that international law should develop a method of dealing with international bankruptcies of this scale. (ABOVE) Candida Photography (RIGHT) United Press International Photography 1290 American Bar Association Journal

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