In re Tradex Swiss AG
Dec
12
2007
Ruling
Interim trustee appointed to take possesion of involuntary foreign trading platform and bank accounts until ruling on possible conversion to chapter 15.
Procedural posture
Petitioning creditors filed an involuntary petition against the alleged debtor, a Swiss corporation. The alleged debtor was also the subject of a pending bankruptcy proceeding in Switzerland. Certain foreign liquidators filed a petition for recognition of the Swiss bankruptcy as a "foreign main proceeding" within the meaning of 11 U.S.C. §§ 1502(4) and 1517. They also moved to consolidate the case and convert it to one under chapter 15.
ABI Membership is required to access the full summary of In re Tradex Swiss AG Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
: