Quote from: camem on March 12, 2014, 10:41:25 PM

I note from the US release a couple of hours ago that the swift US chapter 15 bankruptcy was with the express purpose of stopping a US class action set of creditors gaining precedence over normal creditors and preventing fair repayment to creditors under japan's civil rehabilitation thing - and if I've understood correctly tomorrow a US hearing will decide whether paying 75k to US lawyers to make sure that chapter 15 protects assets from being frozen by the US class action guys is reasonable (i.e. in the interests of all creditors not just some)

so my question for working out whether selachii is worth it - is what's the equivalent for a UK led class action ? does chapter 15 in the US also protect the assets from the selachii club ?

and today it seems the US class action guys won and got the assets frozen first. Does this mean that some creditors are now more equal than others* ? Where does this leave joining up with selachii ? are we all supposed to join chicago ? any ideas ?

*ref : george orwell